May 20, 2026 | 09:41 pm
TEMPO.CO, Jakarta - Indonesian sovereign wealth fund Danantara assures that the new export agency PT Danantara Sumber Daya Indonesia (PT DSI) will not disrupt the export market of Indonesian commodities.This statement was conveyed by Managing Director of Stakeholders Management & Communications at Danantara, Rohan Hafas, in response to business actors' concerns on the certainty of pre-established sales and trade relationships with foreign buyers.According to Rohan, the export market for commodities like coal and crude palm oil (CPO) has been established globally, and transactions are conducted through the international commodities exchange mechanism.Therefore, according to him, changes in the export mechanism will not eliminate market access for business players in Indonesia. "I am also concerned about whether entrepreneurs have regular customers. The commodity exchange across the globe has already been established," Rohan said during a press conference at Wisma Danantara, Jakarta, on Wednesday, May 20, 2026.PT DSI, he said, will not act as a party that determines the selling price of commodities, but only tasked to oversee transactions to ensure that export prices aligns with market mechanisms and to prevent under-invoicing and underpricing practices.According to him, coal and CPO prices already have international references, so trade still follows global market prices. There's no need to exaggerate government pricing intervention, he said.The new export agency aims to strengthen export oversight and prevent revenue leakage due to manipulation of export values. He claimed that since 1991, under-invoicing practices have caused potential state loss of around Rp15,400 trillion.Prabowo previously said that the government will require the export of certain strategic natural resource commodities to be carried out through state-owned enterprises appointed as the sole exporters. It initially includes the export of palm oil, coal, and ferroalloy.During his speech at the plenary session of the parliament today, Prabowo said the policy aims to strengthen export oversight, reduce transfer pricing and under-invoicing practices, and ensure optimal export proceeds.Read: Prabowo Says New Export Agency Secured $150 Billion in SavingsClick here to get the latest news updates from Tempo on Google News
