President Prabowo abruptly changed the rules governing strategic commodity exports, channeling them through a single state-owned enterprise.

The government is establishing a new state-owned enterprise as the sole exporter of strategic commodities. It could erode the trade surplus.

President Prabowo's new state trading entity — registered a day before the announcement — will control Indonesia's biggest commodity exports by September.

The country has announced that key commodities will soon be exported only through a state-run agency

President Prabowo abruptly changed the rules governing strategic commodity exports, channeling them through a single state-owned enterprise.

Three Indonesian palm oil companies said they are awaiting implementing rules on the government's new natural resource export policy.