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Indonesia to Weigh Market Input on Commodity Export Oversight Body

Indonesia will consult market participants as it establishes a new regulatory framework for commodity exports, according to Pandu Sjahrir, chief investment officer at sovereign wealth fund Danantara. President Prabowo Subianto announced plans to create a state entity under Danantara to manage oversight of key commodity shipments. This move has generated significant uncertainty among traders and producers. The announcement caught some within the administration off guard, raising questions about implementation details and potential trade impacts. Sjahrir's comments suggest the government recognizes the need to incorporate feedback from industry stakeholders as it develops the oversight structure. The initiative represents a shift toward greater state control of Indonesia's commodity export sector, a critical revenue source for the economy.