# Cargoes begin trading on Indonesia's ICDX crude palm oil exchange

> Four 25-metric-ton lots of physical crude palm oil traded at 11,305 rupiah per kg as Indonesia's ICDX exchange opened. The shipments are for delivery to Dumai, Sumatra, in 15 days.

- Date: 2023-10-20 · published 2023-10-20T12:00:00.000Z
- Category: policy · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/33742-cargoes-begin-trading-on-indonesia-s-icdx-crude-palm-oil-exchange
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

The first physical trades on the new Indonesian exchange give an early local price benchmark, but volumes are small and the effect on global palm prices is limited for now.

## Read by commodity

- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2023-10-11 | [Indonesia to launch crude palm oil futures exchange on Oct 13](https://feedsoft.ai/events/33744-indonesia-to-launch-crude-palm-oil-futures-exchange-on-oct-13.md) | +3.0% | +4.9% |
| PALMOIL | 2023-01-27 | [Indonesia wants palm oil exporters to trade on local exchanges - The Business Times](https://feedsoft.ai/events/15762-indonesia-wants-palm-oil-exporters-to-trade-on-local-exchanges-the-business.md) | -1.9% | +2.1% |
| PALMOIL | 2018-04-26 | [Indonesia to keep crude palm oil, cocoa export taxes unchanged in May \| The Star](https://feedsoft.ai/events/65414-indonesia-to-keep-crude-palm-oil-cocoa-export-taxes-unchanged-in-may-the-star.md) | -3.5% | -1.7% |
| PALMOIL | 2024-06-27 | [Indonesia: Temporary changes in export duties of crude palm oil (27 June 2024) - Global Trade Alert](https://feedsoft.ai/events/15638-indonesia-temporary-changes-in-export-duties-of-crude-palm-oil-27-june-2024.md) | +3.6% | +1.5% |
| PALMOIL | 2024-08-29 | [Indonesia: Temporary changes in export duties of crude palm oil (29 August 2024) - Global Trade Alert](https://feedsoft.ai/events/15626-indonesia-temporary-changes-in-export-duties-of-crude-palm-oil-29-august-2024.md) | +4.8% | +7.6% |

## Sources

- reuters.com: https://www.reuters.com/article/indonesia-palmoil-exchange/update-2-cargoes-begin-trading-on-indonesias-icdx-crude-palm-oil-exchange-idINL1N3BQ068/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.