Indonesia launches centralised export system for palm oil
Indonesia launched a centralized export system for palm oil, coal and ferro alloys under state-owned DSI, starting June 1 with full implementation by January 2027. Exporters must report via CEISA 4.0. The move aims to improve transparency, curb revenue losses, and strengthen export oversight.
The Indonesian government has launched a centralised export system for palm oil, coal and ferro alloys, the Jakarta Globe reported.
Designed to improve trade transparency and prevent revenue loss from exports, the new system would be managed by new state-owned entity Danantara Sumberdaya Indonesia (DSI), the 31 May report said.
Announcing the launch of the scheme, coordinating minister for Economic Affairs Airlangga Hartarto said implementation would be carried out in phases, starting from 1 June, with full operation targeted by 1 January 2027.
Although exporters would continue conducting overseas sales independently during the transition period, companies would be required to report all export activities to DSI, the Jakarta Globe wrote.
Export reporting would be facilitated through the Customs and Excise Directorate General’s CEISA 4.0 digital platform, Hartato said.
The government plans to review the policy after the first three months of implementation before proceeding to the next phase, according to the report.
Once the system was fully operational, Hartato said DSI would move beyond its initial role as a reporting and transaction-monitoring body and would begin purchasing export commodities domestically before marketing them to international buyers.
DSI was also developing technology systems to support its future role as the sole exporter of the three commodities covered under the new policy, the Jakarta Globe wrote.
Indonesia’s move to channel palm oil exports through a central agency could disrupt supplies of the world’s most traded edible oil, according to a 20 May Reuters report.
As the world’s leading palm oil producer, Indonesia accounts for more than half of global shipments of the commodity and the move could also concentrate pricing power and potentially boost exports from the second leading producer Malaysia, the report said.
To Read more about Edible Oil News continue reading Agriinsite.com
Source : OFI Magazine
