The price of the ICDX oil contract closed lower at $72.13 a barrel for the week ended May 26, amid concerns over talks of the US debt ceiling and the possibility of further hikes in US interest rates.

CPOTR price movement decreased by 6.82% in the week to a level of IDR 11,685/Kg after buyers in southern India replaced palm oil with sunflower oil, which is traded at a big discount compared to tropical oil and Malaysia said they are not hiring workers from Bangladesh.

Perkembangan Kelapa Sawit Indonesia, pada pemerintahan Orde Baru pengelolaan bisnis komoditi ini memasuki era menciptakan lapangan kerja demi kesejahteraan masyarakat. Produksi kelapa sawit yang begitu melimpah ini menjadikan Indonesia sebagai penghasil kelapa sawit terbesar di dunia. Pentingnya peran pada komoditas CPO ini membuat pemerintah berfokus pada akselerasi perdagangan CPO melalui bursa berjangka. Peran infrastruktur pasar CPO dalam price discovery adalah untuk menciptakan harga acuan dalam negeri. Pasalnya Indonesia telah menjadi produsen CPO terbesar di dunia sehingga menjadi penting apabila terdapat harga acuan dalam negeri.

ICDX gold price weaken by -0.51% compared to the previous week, influenced by still hot inflation data which triggered policy makers to be on the hawkish side related to interest rates. The dollar strengthened by 1.30% in the week weighing on the gold price movement.

The movement of ICDX tin prices strengthened by 2.06% in a week to a level of 27,805 influenced by Myanmar's ban on mining activities but tin prices are likely to be limited by concerns about weak demand in China's main consumer and a stable US dollar.

The price of the ICDX oil contract closed down almost 3 percent for the week ending April 28, weighed down by sentiment from negative statements made by the IEA, the potential for an easing of the Ukrainian conflict after China's involvement for the first time in mediating the conflict between Ukraine and Russia. In addition, Aramco's projected lower selling price for its June delivery to Asia also weighed on further price movements.

Sebagai negara produsen berbagai komoditas unggulan dunia, Indonesia tentunya memiliki peran strategis dalam perekonomian dunia. Bagaimana peran sentral Indonesia dalam berbagai komoditas unggulan seperti Crude Palm Oil (CPO) dan timah? Simak ulasan lengkapnya dalam The Source Issue 26.

The CPOTR price movement increased by 1.50% in a week to a level of IDR 13,915/Kg due to plans to add workers to oil palm plantations in Sarawak and reports of a decrease in Malaysian palm oil inventories which supported the strengthening of CPO prices.