INDONESIA COMMODITY AND DERIVATIVES EXCHANGE TO LAUNCH CPO CONTRACT ON FRIDAY 21 MAY 2010

Indonesia Commodity and Derivatives Exchange or ICDX will launch its second futures contract, the Crude Palm Oil Futures (CPOTR) on Friday 21 May 2010. The contract has already garnered much local support of major palm oil companies that have registered themselves as trading members, they are Smart Tbk, Wilmar, Sampoerna Agro, Palm Mas Asri, Duta Palma and BW Plantation. The contract has also drawn much interest from individual traders. The contract unit will be 10 mt and the minimum price fluctuation is Rupiah 5/kg. To start, the two points of delivery are districts of Dumai and Belawan. With ICDX’s motto of Trade @ the source, ICDX is confident that the CPO contract will serve as the benchmark for Indonesia palm oil prices. For more information please email Mr. Laren Tan, COO of ICDX at laren@icdexchange.com or email info@icdexchange.com