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Indonesia tightens state grip on palm oil, coal exports

Indonesia's President Prabowo is consolidating state control over key commodity exports, including palm oil and coal. This move aims to combat under-invoicing and revenue loss, which Prabowo claims have drained billions from the economy and hindered public services. However, critics warn that the plan could lead to a state monopoly, disrupt existing trade agreements, and negatively impact Indonesia's global market access. AI

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RANK_REASON Policy change by a national leader impacting major commodity exports. [lever_c_demoted from significant: ic=1 ai=0.1]

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Indonesia tightens state grip on palm oil, coal exports

COVERAGE [1]

  1. SCMP — Tech TIER_1 · Resty Woro Yuniar ·

    Indonesia’s Prabowo tightens state grip on palm oil, coal amid monopolistic fears

    Indonesia will require exports of key commodities to pass through a state-appointed enterprise in a sweeping effort to curb revenue leaks, tighten oversight of natural resources and keep more foreign exchange earnings at home. The policy, announced by President Prabowo Subianto i…