Asian Coal Prices Surge as Indonesia Tightens Export Controls
4 Articles
4 Articles
The South East Asian island state is a big player in the commodity market. Under President Prabowo, however, the economy is moving backwards like democracy.
Asian Coal Prices Surge as Indonesia Tightens Export Controls
Benchmark coal prices in Asia surged to the highest in almost two years following a government announcement from Indonesia concerning control of commodity exports, including coal. The new rules for commodity exports would cause delays in outbound shipments of coal from Indonesia, Bloomberg noted in a report on the price news, adding the disruption comes amid climbing demand for coal amid the summer heat that drives higher electricity consumption…
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Business TimesIndonesia issues technical regulations to centralise coal, palm oil, ferroalloy exports
JAKARTA, June 8 : Indonesia’s Trade Ministry published technical regulations on Monday to bring coal, palm oil, and ferroalloy exports under the control of a central government-owned firm. All three technical regulations have been in effect since June 1, with exporters of those commodities now obliged to report their export activities to a state firm appointed by the government. The state secretariat ministry last week issued broader regulations…
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