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

Gapki said crude palm oil (CPO) production in March reached 4.403 million tons, down 12.22 percent from 5.015 million tons recorded in February.

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.

By January 1, 2027, Indonesia aims to have all palm oil, coal, and iron exports managed by PT Danantara Sumberdaya Indonesia.