“In this process, the three policies and technical provisions must harmonize and support each other, so it is necessary to get input from stakeholders. CPO export policies must also be in line with policies to fulfill domestic CPO needs, so as not to burden business actors,” Olvy said.
CPO exports through futures exchanges are expected to create an accurate CPO database and in accordance with the mandate of Law No. 32/1997 which was amended into Law No. 10/2011 on Commodity Futures Trading (PBK).
One of the objectives of PBK is to create a transparent price discovery and price reference mechanism. The CPO exchange appointed by the government must be trusted both in the domestic and international markets.
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CPO transaction costs on the exchange must also be competitive or at least equal to the CPO transaction costs that have been carried out by Indonesian businesses on the Malaysian exchange.
It is expected that the policy to be implemented can be implemented by considering long-term contracts and easy to implement. In addition, training and socialization related to export procedures and mechanisms through futures exchanges are needed for business actors.