The theory that a weakening Rupiah benefits exporters and provides a\nprofit windfall is not always experienced by entrepreneurs, as seen in\nthe current palm oil industry. Eddy Martono, Chairman of the Indonesian\nPalm Oil Association (Gapki), revealed that although prices have risen,\ncosts have increased accordingly.<\/p>\n
\u201cFor example, transport and insurance costs have risen by up to 50%\ndue to war. Domestically, production costs have also increased, such as\nindustrial diesel prices rising by 100% and fertiliser prices rising by\nup to 30%,\u201d Eddy stated on Tuesday (2\/6).<\/p>\n
He explained that the benefits of a weaker Rupiah are negated because\nseveral components, such as fertiliser, transport, and export insurance,\nare still priced in USD.<\/p>\n
Meanwhile, Indonesia\u2019s trade surplus in April 2026 recorded its\nlowest level in 72 months. The Indonesian Central Statistics Agency\n(BPS) noted that the goods trade surplus for that period was only\nUS$89.1 million, or approximately Rp1.59 trillion (at an exchange rate\nof Rp17,860 per US dollar), significantly lower than previous\nmonths.<\/p>\n
\u201cTherefore, the April 2026 surplus is the smallest surplus since May\n2020, marking the end of a 72-month consecutive surplus streak,\u201d said\nBPS Deputy for Methodology and Statistics, Pudji Ismartini, in an online\nrelease on Tuesday.<\/p>\n
The April surplus also dropped sharply compared to March 2026, which\nreached US$3.32 billion, and was lower than the April 2025 surplus of\nUS$160 million.<\/p>\n
In other developments, the Rupiah exchange rate opened weaker by\n54.50 points to the level of Rp17,859 per US dollar in Tuesday morning\ntrading, 2 June 2026. Experts are closely monitoring the Rupiah as it\ncontinues to face pressure, breaching the Rp17,800 per US dollar\nlevel.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/palm-oil-entrepreneurs-do-not-feel-export-windfall-from-rupiah-weakening-1780864312", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }