Jakarta prosecutors have opened investigations into ten palm‑oil exporters after the finance ministry flagged possible export‑price manipulation. Among the firms under scrutiny are Wilmar International and Musim Mas, two of the sector’s largest players. The probe follows President Prabowo Subianto’s recent decree to nationalise all palm‑oil shipments, tightening regulatory pressure.

Investigators allege under‑invoicing of export contracts, meaning declared values fall short of market prices and shift profits to low‑tax jurisdictions. Finance Minister Purbaya Yudhi Sadewa said the practice erodes state revenue and distorts palm‑oil pricing. The ministry estimates the scheme could shave billions of rupiah from the treasury each year, exposing firms to fines and licence revocation.

The crackdown arrives as Indonesia accounts for roughly 60% of global palm‑oil output, making compliance a major concern for multinational buyers. Export‑value adjustments could tighten supply, nudging spot prices higher and prompting traders to reassess contracts. Regulators now have a clear mandate: enforce transparent pricing or risk losing market share.

International buyers are watching closely, as any price adjustments could ripple through supply chains in Europe and China. Firms that cooperate with the probe may secure continued market access, while non‑compliant exporters risk exclusion from major contracts.