[SMM Flash News] Rumors of Centralized State Export House Rattle Markets Ahead of Presidential Address

Published: May 19, 2026 16:35

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Market rumors ahead of tomorrow’s presidential address suggest Indonesia may establish a specialized state agency to centralize strategic commodity exports, initially targeting CPO and coal, with minerals under discussion. Under the rumored framework, producers would bypass direct international sales and sell to this state trading entity, which would export globally and potentially capture a trading spread. While the official narrative focuses on curbing under-invoicing, securing state revenue, and retaining foreign exchange to defend the rupiah, the market treats this as a major policy risk.

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