Danantara to Monitor Export Prices of Natural Resource Commodities
The Indonesian government is tightening oversight of export transactions for natural resource commodities through the establishment of PT Danantara Sumber Daya Indonesia. The new agency under Danantara will monitor export practices that have long been deemed prone to price manipulation and transfer pricing.
Menteri Investasi dan Hilirisasi/Kepala BKPM and also CEO of Danantara Indonesia, Rosan Perkasa Roeslani, said the move is a follow-up to President Prabowo Subianto’s instruction to reform the governance of natural-resource exports.
‘As I said earlier, as conveyed directly by the President, we at Danantara have been asked to follow up and we have complied with the government regulations provided,’ Rosan said at a press conference at the DPR building, Jakarta, on Wednesday (20/5).
According to Rosan, PT Danantara Sumber Daya Indonesia was established with a primary focus on strengthening transparency in export transactions for strategic commodities. The government has deemed under-invoicing and transfer pricing practices over many years to have distorted trade data and reduced potential state revenue.
‘We want to emphasise transparency of transactions,’ he said.
He explained that from June to December 2026, exporters will be required to report all export transactions comprehensively to Danantara. In the initial phase, the mechanism will be limited to reporting and monitoring transaction values.
Danantara will later verify whether the reported export prices align with international market prices. This step is intended to ensure there are no sales below fair value that could harm the country.
‘We will assess whether the value stated reflects a fair value in line with world market indices,’ Rosan said.
He stressed that Danantara’s existence is not to hinder export activity but to open up trade processes so that they are more transparent for both sellers and buyers.
‘Indeed, our presence brings transparency to all parties comprehensively, from buyers to sellers, in accordance with prevailing market prices,’ Rosan said.
He disclosed government data show under-invoicing practices have persisted for some time in several strategic commodities. The impact is not only on tax and royalty receipts but also on foreign exchange and the validity of national trade data.
As a result, from January 2027 the government plans to implement an export-transactions system via a Danantara-owned platform. All processes will be integrated to monitor volume, price, and delivery of goods.
‘In short, it is about transparency of transactions, volume, pricing, delivery, and more. That is what we aim to achieve,’ Rosan said.
He added that the government is deliberately providing a transition period and evaluation so that business actors have time to adapt to the new mechanism. He argued that a more open governance is expected to raise the added value of national commodities and strengthen state revenue from the natural resources sector.