“If possible we will have the palm oil (benchmark price) before June and no longer have to rely on Kuala Lumpur. We have more palm oil than they, why are we following Malaysia?” Commerce Minister Zulkifli Hasan said at a meeting of the Commodity Futures Trading Authority, a unit of the Ministry of Commerce.
Most Indonesian palm oil exporters are currently conducting sales directly with buyers without going through an exchange, while auctions by state trading company KPB…
