Indonesia’s planned commodity exchange likely to cover palm oil, nickel, coal
Indonesia is preparing to launch a new commodity exchange on January 1, which will focus on key exports like palm oil, nickel, and coal. The initiative aims to establish domestic reference prices for these resources rather than relying on international markets.
Why it matters
This move represents a strategic effort by Indonesia to exert greater control over its natural resource pricing and boost national economic growth.
Indonesia is the world’s largest exporter of palm oil, thermal coal and nickel products.
Listen JAKARTA – Indonesia’s planned exchange for “mineral and strategic commodities” will likely include palm oil, nickel and coal, a presidential spokesperson said as the government prepares to launch the bourse on Jan 1.
President Prabowo Subianto announced the plan during his 2027 budget proposal speech on Aug 14 , saying that Indonesia’s aim was to create its own reference price for many of its key commodities.
The exchange is the latest attempt by Prabowo to leverage the country’s vast reserves of natural resources to boost economic growth, after announcing policies in May to centralise commodity exports .
South-east Asia’s biggest economy is the world’s largest exporter of palm oil, thermal coal and nickel products and a major supplier of coffee beans, bauxite, tin and copper, among others.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in