Indonesia will share updates about its centralized export management policy with key stakeholders soon, Bloomberg reported May 25 citing Vice Minister of Trade Dyah Roro Esti Widya Putri.
Danantara Sumberdaya Indonesia, the government entity that will control commodity exports including palm oil, nickel, and coal, will mandate exporters to report sales of strategic commodities from June 1.
Speaking about the policy during a Bloomberg interview, Roro said the move, which is essential to protecting the country's national interest, "is very new, it's still under progress."
"We are going to see how this progresses over the next few weeks to come," she added.
Once details are finalized, the state firm will take charge of export contracts, shipping, and payments, according to the report.
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