Danantara Indonesia has said PT Danantara Sumber Daya Indonesia (DSI)\nwill purchase commodities from domestic producers at market prices. PT\nDSI is a new state-owned enterprise prepared to become the sole exporter\nof several strategic commodities, such as palm oil and coal.<\/p>\n
Managing Director Stakeholders Management & Communications of\nDanantara Indonesia, Rohan Hafas, said PT DSI would not act as a seller\nor buyer that determines prices.<\/p>\n
According to him, the company will function as a watchdog over\ntransactions to ensure trade proceeds according to market mechanisms and\nto prevent under invoicing or under pricing.<\/p>\n
\u201cPT DSI will ensure transactions run normally and prices reflect\nmarket prices. The function of this company is to the government to\nprevent under invoicing,\u201d said Rohan at a press conference in Jakarta,\non Wednesday, 20 May 2026.<\/p>\n
Rohan said that commodity prices, such as coal and crude palm oil\n(CPO), already have international price benchmarks, so the trading\nmechanism will continue to refer to global prices. Therefore, he argued,\nconcerns about price intervention do not need to be amplified.<\/p>\n
He said the creation of PT DSI aims to strengthen supervision of\ncommodity exports and prevent leakage of state revenue due to\nmanipulation of export pricing. Rohan claimed under invoicing has\npersisted for decades and has caused potential state losses of around Rp\n15,400 trillion since 1991.<\/p>\n
\u201cOver 34 years of under invoicing, if you total the figures, it\namounts to Rp 15,400 trillion, which is almost Rp 5,000 trillion per\nyear in under invoicing,\u201d he said.<\/p>\n
Currently, the government has only designated two commodities to be\nexported through PT DSI, namely coal and CPO.<\/p>\n
President Prabowo Subianto said the government will require that\nexport of a number of strategic natural resources be carried out through\na designated state-owned enterprise as the sole exporter. The\ncommodities to be exported under this mechanism in the initial phase\ninclude palm oil, coal, and ferro-alloy.<\/p>\n
In his speech at the DPR plenary session on the Macro Economic\nFramework and the Core Policies of the 2027 RAPBN, Prabowo said the\npolicy aims to strengthen export oversight while also reducing under\ninvoicing, transfer pricing, and foreign exchange leakage from\nexports.<\/p>\n
\u201cThe sale of all our natural resource outputs, we begin with palm\noil, coal, and ferro-alloy; we require that their sale be conducted\nthrough a government-appointed state-owned enterprise as the sole\nexporter,\u201d Prabowo said.<\/p>\n
Chairman of the Indonesian Palm Oil Farmers Association (POPSI),\nMansuetus Darto, said the policy could centralise national palm oil\ntrading and open space for monopolies, rent-seeking, and control of\nexport routes by groups close to power.<\/p>\n
\u201cWe question why a policy of this scale is discussed without\ninvolving palm oil farmers. Palm oil is not only about exports but also\nabout the livelihoods of millions of farming families and regional\neconomies across Indonesia,\u201d Darto said in a written statement on\nWednesday, 20 May 2026.<\/p>\n
In addition, Darto lamented that the discussion of such strategic\npolicy was conducted without involving farmers, cooperatives, or palm\noil organisations. He argued that palm oil is not merely an export\ncommodity but a livelihood for millions of farmers and a pillar of\nregional economies.<\/p>\n
Darto said the proposed governance framework for palm oil exports\nbears similarities to the clove trading pattern through the Clove\nSupport and Marketing Agency (BPPC) during the New Order era. At that\ntime, clove trading was centralised through particular institutions seen\nas triggering monopolies and harming farmers.<\/p>\n
He said the appointment of a single export channel via a state-owned\nenterprise could create a monopsony or market control by a small number\nof buyers. If private exporters lose direct access to global buyers,\ncompetition could weaken and farmers\u2019 bargaining position could\ndeteriorate.<\/p>\n
\u201cIn that situation, the price of fresh fruit bunch (TBS) of palm oil\nis vulnerable to downward pressure,\u201d Darto concluded.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/danantara-pt-dsi-to-buy-commodities-at-market-prices-1779545559", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }