Deputy Agriculture Minister: DSI does not profit from one-stop CPO export scheme
Jakarta - Deputy Agriculture Minister Sudaryono stated that PT Danantara Sumberdaya Indonesia (DSI) does not take any profit in implementing the one-stop crude palm oil (CPO) export policy.
“It does not take any profit, I repeat, it does not take any profit,” Sudaryono said during a press conference following a coordination meeting on the decline in fresh fruit bunch (FFB) prices of palm oil with stakeholders in Jakarta on Friday.
Sudaryono clarified that the government’s policy regulating the export of coal, CPO, and ferro alloy is integrated through PT Danantara Sumberdaya Indonesia (DSI).
The government has coordinated with relevant parties including Danantara to ensure export management is transparent and accountable.
“Regarding concerns about PT DSI, I have coordinated with relevant parties including Danantara and reported to the Minister of Agriculture (Andi Amran Sulaiman) that PT DSI will operate as a transparent and accountable managing and supervising company,” he added.
Sudaryono expressed hope that downstream palm oil industry players, particularly refinery and export companies, would no longer have concerns.
“We hope there will be no more concerns, particularly from downstream palm oil industry players, namely refineries and exporters,” he said.
During the transition period, the government will establish regulatory stages to gradually transfer palm oil export management to PT DSI’s mechanism.
The government aims for PT DSI to fully manage the export of palm oil, coal, and iron by 1 January 2027 through a nationally integrated system.
Danantara Indonesia’s Chief Investment Officer (CIO) Pandu Sjahrir stated that PT Danantara Sumberdaya Indonesia (DSI) will operate with a profit-oriented business model through natural resource (SDA) export management, aligning with the business strategy of Danantara’s Investment Management Agency (BPI).
DSI will initially operate as an agent or intermediary business before expanding other functions based on its human resource capacity.
Pandu also confirmed the rapid formation of DSI. The export body was established last week and officially became a state-owned enterprise (BUMN) on Monday, 25 May, with a shareholding structure of 99% held by Danantara’s Investment Management Agency (BPI) and 1% by the State-Owned Enterprise Management Agency (BP BUMN).
PT DSI has been tasked with managing and overseeing strategic natural resource (SDA) export transactions, initially focusing on coal, crude palm oil (CPO), and ferro alloy.
In the second phase, targeted to begin in January 2027, DSI will purchase commodities from domestic exporters before selling them to international markets.