Indonesia Centralizes Control Over Key Commodity Exports
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Indonesia Centralizes Control Over Key Commodity Exports
- Indonesia's President Prabowo Subianto announced a new policy on Wednesday, May 20, 2026, to centralize control over strategic commodity exports, aiming to recover an estimated $908 billion lost to under-invoicing between 1991 and 2024.
- The initiative establishes a state-owned enterprise, PT Danantara Sumber Daya Indonesia (DSI), overseen by the sovereign wealth fund Danantara, to manage exports of commodities such as palm oil, coal, and nickel.
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Indonesia’s President Prabowo Subianto announced on Wednesday, May 20, 2026, a significant policy shift to centralize control over the nation’s strategic commodity exports. The new regulation mandates that exports of key natural resources, including
Indonesia is the world’s largest exporter of thermal coal and palm oil, and holds the largest known reserves of nickel. The new policy is expected to roll out with a transition period from June to December 2026, during which private companies must report transactions to DSI. A digital platform for all export transactions is slated to begin in January 2027 to enhance efficiency and strengthen oversight. [cite: