Indonesia overhauls commodity exports

Indonesia has announced a radical overhaul of its trade policies, centralizing the export of key commodities like coal, nickel, and palm oil.

The sudden move has caught global markets off guard and sparked concerns about supply chain stability.

President Prabowo Subianto's administration aims to drive annual growth to 8% through these controls.

While some derivatives are exempt, the policy represents a significant step toward resource nationalism in Southeast Asia's largest economy.