Agriculture in Indonesia the 16th century. Indonesia is both the world's biggest producer and consumer of the commodity, providing about half the world supply. Oil palm plantations stretch across 6 million hectares. Palm oil is the essential ingredients to produces cooking oil, as well as other food and cosmetics products. The country also aimed to be the largest palm-based biofuel production center. Coconut plays an important role in Indonesian cuisine as well as its economy. Coconut milk is an important common ingredients in numbers of Indonesian favourites, including "rendang" and "soto". According to figures published in December 2009 by the Food and Agriculture
Commodity market Commodity market A commodity market is a market that trades in primary economic sector rather than manufactured products. Soft commodities are agricultural products such as wheat, coffee, cocoa, fruit and sugar. Hard commodities are mined, such as gold and oil. Investors access about 50 major commodity markets worldwide with purely financial transactions increasingly outnumbering physical trades in which goods are delivered. Futures contracts are the oldest way of investing in commodities. Futures are secured by physical assets. Commodity markets can include physical trading and derivatives trading using spot prices, forwards, futures, and options on futures. Farmers have used a simple