Danantara says DSI will become buyer of strategic commodities in Stage II

In Stage II, PT DSI will become the buyer, not the intermediary. Jakarta (ANTARA) - Danantara Investment Management Agency (BPI Danantara) says PT Danantara Sumber Daya Indonesia (DSI) will play the role of a buyer of strategic commodities in Stage II of the export governance framework, targeted to commence in January 2027. In that stage, DSI will no longer merely act as a verifier of transactions or an intermediary between exporters and foreign buyers. DSI will purchase commodities from domestic exporters, then sell them to the international market. “In Stage II, this PT DSI becomes the buyer, not the intermediary anymore,” said Rohan Hafas, Managing Director of Stakeholders Management & Communications at Danantara Indonesia, during a media briefing at Wisma Danantara Indonesia, Jakarta, on Wednesday. The commodities in question include several strategic products, such as palm oil, coal, and ferro-alloys. The scheme is being prepared to strengthen export governance and push for proceeds from commodity sales to be reinjected into the domestic economy. Rohan explained that one of the issues to be addressed is alleged underinvoicing in commodity exports, said to have cost the state up to Rp15,400 trillion over 34 years. Legally, such transactions are considered difficult to challenge if conducted on the basis of an agreement between the seller and the buyer. However, the government notes allegations that some overseas buyers are affiliates or shell companies of the same party, allowing prices to be agreed below international market prices. After the commodities are shipped from Indonesia, the goods are resold to the international market at a higher price. The proceeds from those sales are alleged not to be fully returned to Indonesia. Through the mechanism of DSI becoming the buyer, the proceeds from the sale of strategic commodities are expected to be recorded and returned to the domestic financial system. “So, there are people selling commodities, bought by PT DSI. Then DSI conducts a sale, with the buyer overseas. The money from abroad is received by DSI because it has already bought out from the seller. Since DSI belongs to Danantara, to the state, the foreign exchange should come back into the country. That is the aim,” explained Rohan. As for Stage I, which runs from 1 June to 31 December 2026, DSI will act as an assessor and intermediary for sellers and buyers of certain commodities to be exported. In that stage, exporters are required to report transaction details first so that the government can evaluate whether the prices listed align with the global market index and fair value.