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Inside [ADDRESS]'s Export Boost

Wall Street Journal Markets •
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Inside [ADDRESS]'s Push to Boost Commodity Market Credibility

[ADDRESS] is a major exporter of commodities including palm oil, coal and nickel. When [ADDRESS] first announced plans to integrate processes for the exports of key resources, it stoked concerns about state intervention that would disrupt the flow of commodities like coal and palm oil. [PERSON_NAME], the man tasked with overseeing tens of billions of dollars in exports, says the aim is the exact opposite of what some had feared. Mahony heads [PERSON_NAME] [ADDRESS], an entity set up in May as the export-control arm of [ADDRESS], the Indonesian sovereign-wealth fund managing around $1 trillion in assets. DSI was created to prevent revenue loss from underinvoicing and illicit practices, but its role remains unclear. The organization oversees coal, palm oil and ferroalloys exports, which make up about a quarter of [ADDRESS]'s exports. Industry fears of contract changes eased after Mahony clarified DSI will monitor, not participate in, the market. He emphasized maintaining export flow and transparency, stating [ADDRESS] will not take ownership of goods. Existing contracts will be reviewed for underinvoicing, with potential global implications given [ADDRESS]'s role in palm oil, coal and nickel markets.