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Indonesia consults CME Group on expanding commodity market trade

Posted on 12 June 2013

Indonesia, the world’s largest producer of tin and palm oil and the third-biggest coffee grower, is seeking the help of futures-exchange owner CME Group Inc. (CME) to expand domestic trading of commodities, according to Deputy Trade Minister Bayu Krisnamurthi.
“Everybody is saying that Asia is the agent of growth in the world, so evolvement of an Indonesian commodity market is inevitable,” Krisnamurthi said yesterday during an interview in Chicago, where the CME is based. “CME is over 100 years old, and the Indonesian commodity market is 10 to 12 years old. We would like to grow it, develop it.”……………………………………….Full Article: Source


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