Indonesia wealth fund to review commodity export prices
Indonesia sovereign wealth fund Danantara will honor existing export contracts. It will review prices to ensure they align with global market benchmarks.
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Indonesia will review commodity export prices as its sovereign wealth fund Danantara prepares to control shipments. President Prabowo Subianto announced a state unit will become the sole exporter of palm oil, coal, nickel and ferroalloys by September. The move aims to curb under-invoicing but risks market distortions and lower credit ratings for the world's biggest exporter of these commodities.
