Indonesia rolls out plan to centralise commodity export control
2026-05-22 15:57:46 [Print]
Indonesia on May 20 unveiled a wide-ranging plan to bring exports of key commodities under centralised control, aiming to boost state revenue through tighter management of sales and pricing of its abundant natural resources.
Sovereign wealth fund Danantara will supervise a designated trading company to handle exports, beginning with palm oil, coal and ferroalloys after a three-month transition. The government may add further commodities at three-month intervals.
President Prabowo Subianto told parliament that he had ordered his cabinet to set prices for nickel and gold. "Every price must be determined by us," he said. "If they don't support our price, then they don't have to buy it. We can use it ourselves."
Indonesia is the world's top exporter of palm oil, thermal coal and nickel, and Prabowo's plan seeks to tackle worries over under-invoicing and the way exporters account for transfer pricing.
Sovereign wealth fund Danantara will supervise a designated trading company to handle exports, beginning with palm oil, coal and ferroalloys after a three-month transition. The government may add further commodities at three-month intervals.
President Prabowo Subianto told parliament that he had ordered his cabinet to set prices for nickel and gold. "Every price must be determined by us," he said. "If they don't support our price, then they don't have to buy it. We can use it ourselves."
Indonesia is the world's top exporter of palm oil, thermal coal and nickel, and Prabowo's plan seeks to tackle worries over under-invoicing and the way exporters account for transfer pricing.
Nickel Ore Philippine 1.3%min CIF China
Unit:USD/mt
China ferronickel producers' operating rate statistics by province by month
Unit: %
