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Indonesian Palm Oil Stocks Fall as Government Signals Stricter Export Controls

Palm oil producer shares declined as Indonesia outlined plans to strengthen state oversight of commodity exports. The government targets palm oil, coal, and nickel shipments to combat tax evasion and stabilize the weakening rupiah through tighter capital flow management. The export control initiative would centralize commodity trade under government authority. Palm oil futures rose despite the stock market selloff, suggesting traders anticipated supply constraints from the proposed restrictions. The announcement deepens investor concerns about Indonesia's economic direction, contributing to a broader market downturn. Singapore has recently eclipsed Indonesia as Southeast Asia's largest stock market, reflecting shifting confidence in the region's economic governance.