Indonesian SOE Platform Will Monopolize Exports of Strategic Goods Such as Palm Oil and Coal

The chairman of Indonesia's national investment agency, Danantara, announced that starting from January 2027, all export transactions will be completed through the agency's platform. Indonesia's Minister of Economy stated that Danantara will establish a new company specifically responsible for managing the export business of strategic natural resources.

The first batch of affected commodities includes palm oil, coal, and ferroalloys. The President of Indonesia has clearly demanded that the sales of the above-mentioned commodities must be conducted through state-owned enterprise channels. The Minister of Economy added that in the next phase, this policy will be extended to all strategic commodities.

The policy sets a transition period of three months. During the transition period, exporters and buyers can still trade independently, but the transportation documents of the relevant goods will be handled by designated state-owned companies. After the transition period ends, all export operations will be uniformly executed by designated state-owned companies.

The Indonesian government stated that the new policy aims to increase export efficiency and compliance, combat fraudulent customs declarations, and require that all revenues from natural resource exports be deposited into the Indonesian banking system. The Minister of Economy pointed out that the policy also hopes to stabilize the rupiah exchange rate, replenish foreign exchange reserves, and enhance Indonesia's bargaining power in the international market.

Affected by this news, the main contract of palm oil futures on the Dalian Commodity Exchange opened significantly higher during the midday session, with a gain of over 2%,报价 at 9,803 yuan/tonne.