Indonesia's planned commodity exchange to feature palm oil, nickel, coal

Indonesia's planned commodity exchange, set to launch on January 1, will likely trade palm oil, nickel and coal, according to a presidential spokesperson. The announcement came as the government finalizes details for the bourse, which President Prabowo Subianto first proposed during his 2027 budget speech on Friday.

The president's vision is to establish domestic reference prices for key commodities, leveraging Indonesia's vast natural resources to drive economic growth. As Southeast Asia's largest economy, Indonesia is the world's top exporter of palm oil, thermal coal and nickel products, and also a significant supplier of coffee, bauxite, tin and copper.

Presidential spokesperson Prasetyo Hadi told reporters on Monday, on the sidelines of Independence Day celebrations, that the exchange will cover "commodities that are our primary products, such as CPO (crude palm oil), nickel, and coal." The government is still working out implementation details, including the full list of commodities to be traded.

The Financial Services Authority (OJK) will introduce regulations for the bourse by September 17, according to its chief Friderica Widyasari Dewi. These rules will outline the phased transition of trades into the new exchange. A separate presidential decree will specify which commodities will be listed for trading.