{
    "success": true,
    "data": {
        "id": 1832155,
        "msgid": "amran-reveals-indonesia-loses-idr-600-trillion-annually-due-to-palm-oil-under-invoicing-1782813141",
        "date": "2026-06-30 16:05:00",
        "title": "Amran Reveals Indonesia Loses IDR 600 Trillion Annually Due to Palm Oil Under-Invoicing",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Trade",
        "summary": "Agriculture Minister Amran Sulaiman has disclosed that the practice of under-invoicing in crude palm oil exports has cost Indonesia up to IDR 600 trillion in lost annual revenue. The minister presented data showing cumulative under-invoicing reached US$908 billion over 34 years, prompting President Prabowo Subianto to order a single-door export governance system. Amran explained that exporters record lower shipment values to related companies abroad, significantly reducing tax obligations while selling at much higher global prices.",
        "content": "<p>Agriculture Minister Amran Sulaiman has revealed that the practice of\nunder-invoicing in crude palm oil (CPO) exports has caused Indonesia to\nlose potential revenues of up to IDR 500-600 trillion per year.\nConsequently, President Prabowo Subianto has reportedly ordered that\nexport governance be conducted through a single door, in this case via\nPT Danantara Sumberdaya Indonesia (DSI). Amran presented data showing\nthat the practice of export under-invoicing occurred over a 34-year\nperiod, from 1991 to 2024. Based on the data he presented, the\ncumulative value of under-invoicing reached approximately US<span class=\"math inline\">$908 billion. Amran said the practice has caused the\nstate to lose a very large amount of potential revenue, especially from\npalm oil commodities. \"Yesterday the President ordered, there is a game\nbeing played, the President ordered a single door. Why? There is\nunder-invoicing,\" Amran said at the event for the Election of the\nGeneral Chairman of the Agricultural Wredatama Association for the\n2026-2031 Service Period at the Ministry of Agriculture, Jakarta,\nTuesday (30\/6\/2026). He then explained the anomaly in palm oil pricing.\nAccording to him, when the global CPO price rises, the price of fresh\nfruit bunches (FFB) domestically actually falls. \"The global CPO price\nis IDR 27,000 per kg. Then the dollar rose to IDR 18,000 or IDR 17,000\n(per US$<\/span>), that\u2019s a 10% strengthening. FFB prices should rise,\nbut FFB prices fall. This doesn\u2019t make sense, and we called them in,\ndon\u2019t you play games with your country,\u201d he explained. Amran explained\nthat under-invoicing is carried out by recording export values lower\nthan the actual selling price in the destination country, even though\ntransactions occur between companies still within the same business\ngroup. This practice, he said, makes tax obligations much smaller.\n\u201cUnder-invoicing means they buy at IDR 14,000 per kg, sell there at IDR\n27,000 per kg, even though it\u2019s their own company. So no tax is paid for\n34 years, that\u2019s IDR 15,000 trillion lost to the state, equivalent to\nthe state assets of SOEs. This is what the President meant,\u201d he stated.\nAccording to Amran, if this practice is stopped and exports are made\ndirectly to destination countries at the actual price, state revenues\nfrom palm oil commodities could increase significantly. \u201cIf we take this\nback and go direct to the destination country, what does it mean? It\ncould double. We are losing an opportunity of IDR 500-600 trillion. IDR\n600 trillion is our loss, in one year. What about ten years? That\u2019s IDR\n6,000 trillion, just for palm oil. And this is the work of the nation\u2019s\nchildren,\u201d he concluded.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/amran-reveals-indonesia-loses-idr-600-trillion-annually-due-to-palm-oil-under-invoicing-1782813141",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}