Indonesia President Prabowo Subianto announced state-owned enterprises will become sole exporters of coal, palm oil, and ferroalloys, sending nickel prices higher.
Industry frets as government targets palm oil, coal and key minerals
By Amanda Lee and Fabiana Negrin Ochoa
Indonesia is tightening control over its globally important natural resources, with new regulations requiring exports of key commodities like palm oil, coal and iron alloys to be…
Industry frets and stocks fall as government targets palm oil, coal and key minerals
A state agency will handle exports of palm oil, coal and ferroalloys to stem revenue loss and under-invoicing, the president says.
President Prabowo Subianto says key commodities must be sold through a state-designated exporter as Jakarta seeks more revenue and pricing power