NUSA DUA, Indonesia, Dec 1 (Reuters) - Indonesia Commodity & Derivative Exchange (ICDX) will launch a palm olein futures contract for trading on Dec. 9, its chief executive said on Thursday, as the world's top palm oil producer uses lower export taxes to boost its idle refineries and supplies more products globally.
Speedy approval given by Indonesia's Commodity Futures Trading Regulatory Agency signals the country's need to play a greater role in setting prices, said Megain Widjaja, Chief Executive Officer of ICDX.
