Indonesia Commodity & Derivatives Exchange (ICDX): derivatives exchange in Jakarta
ICDX is an Indonesian commodity and derivatives exchange based in Jakarta. Jakarta, Indonesia · Indonesian reference market for palm oil.
AGR-027 · Derivatives exchange · Jakarta, Indonesia · IDR
Indonesian reference market for palm oil
ICDX is an Indonesian commodity and derivatives exchange based in Jakarta. Its agricultural relevance is concentrated in palm oil and processed palm products. CPOTR references crude palm oil, while OLEINTR concerns palm olein. These are distinct products with different uses for a producer, refinery or distributor. A similar name is therefore not enough to select a suitable price hedge. The exchange also has non-agricultural business, which should be excluded when assessing the scale or relevance of its agricultural segment.
The current CPOTR product card specifies a five-tonne contract and prices in rupiah per kilogram. Older material may refer to a ten-tonne lot, so historical analysis must retain the applicable specification date. These contract parameters are not statistics of annual oil sales. The historical-price portal distinguishes settlement, previous settlement, change and volume; functions may require selection of product, month and year, while a broader data request can lead to a form. Preserve the selected period when exporting observations for later comparison.
An oil buyer should establish whether the need is crude feedstock for refining or a processed food ingredient. Compare quality requirements, pricing basis and collection location with the factory's needs. A price relating to an Indonesian port tank does not automatically include transport to an overseas customer. Freight, handling, insurance, applicable taxes and currency exposure belong in the delivered-cost calculation. Confirm contract access and support for physical settlement with an intermediary before entering an order. A commercial purchase should also establish how quality is tested at loading and which evidence will be accepted if the receiving test differs.
A seller should check the current quality and settlement rules for the chosen expiry rather than rely on an old product sheet. Sampling, tank documentation, release timing and responsibility for quality changes in transit all matter. Comparison with Bursa Malaysia requires alignment of currency, quantity unit and delivery basis; a price difference is not automatically an available trading margin. A CPOTR chart can inform negotiations but does not replace a firm offer for a specified parcel. Record whether the analysis uses last-trade or settlement prices and examine volume: publication of a quotation alone does not establish that a large order can be executed promptly at that level.
What is priced: Vegetable oils and olive oil
Where to find the prices
Products and quotations
Crude palm oil CPOTR; Palm olein OLEINTR
Key figures
- CPOTR contract size: 5 t (Specification checked 27 Oct 2026). Current product card; older materials used 10 t.
- Consecutive CPOTR contract months: 12 months (Specification checked 27 Oct 2026). Listed expiry range under specifications.
Sources
- ICDX — CPOTR
- ICDX — market and olein
- ICDX — historical prices
All agricultural exchanges, markets and price sources
