Indonesia fleshes out plan to strengthen state control over commodity exports
In Indonesia, Reuters reported that Indonesia’s Trade Ministry published technical regulations that give the central government more control over coal, palm oil and ferroalloy exports, part of a plan by President Prabowo Subianto to boost earnings from the country’s plentiful natural resources.
The new export rules for the three commodities have been in effect since June 1, with exporters now obliged in the first phase to report all their export activities to a state firm appointed by the government, according to the report.
Palm oil export permits are granted only if exporters comply with a domestic market rule compelling them to supply palm oil to a government-run cheap cooking oil program, it added.
The report also noted that palm oil exports subject to export duties, as regulated by relevant ministries.
Category: Food & Agriculture
