TEMPO.CO, Jakarta - Indonesian President Prabowo Subianto signed Government Regulation (PP) Number 24 of 2026 concerning the Export Governance of Strategic Natural Resource Commodities. This policy, enacted in Jakarta on May 20, 2026, requires the export of several commodities to be conducted through state-owned enterprises (BUMN) appointed by the government as the sole exporter.
In its considerations, the government believes that there is a need for regulations on the export governance of several natural resource commodities to maintain domestic supply stability, national economic resilience, increased added value, sustainable national development, and the utilization of natural resources for the greatest prosperity of the people.
Article 2 paragraph (2) states that the determination of strategic natural resource commodities for which export governance will be regulated will be carried out in stages. In the initial phase, three commodities fall into the strategic natural resource category: coal, palm oil, and ferroalloy.
"In subsequent stages, the government will determine other Strategic Natural Resource Commodities through coordination meetings," reads Article 2 paragraph (4) of PP 24/2026.
The coordination meeting will be chaired by the Coordinating Minister for Economic Affairs for non-food commodities or the Coordinating Minister for Food for food commodities.
One of the most striking provisions in this regulation is the designation of state-owned enterprises (SOEs) with special government assignments as the sole parties authorized to export strategic natural resource commodities. "Strategic natural resource commodities as referred to in Article 2 may only be exported by exporting SOEs, either as owners or as sole intermediaries," states Article 3 paragraph (1).
Furthermore, this regulation stipulates that the selling price of these strategic commodities will be determined by the exporting SOEs.
Previously, President Prabowo announced the issuance of regulations regarding the management of natural resource exports during a Plenary Session of the House of Representatives (DPR) at the Nusantara Building, MPR/DPR/DPD, Senayan, Jakarta, on Wednesday, May 20, 2026.
"We require the sale of all our natural resources, starting with palm oil, coal, and ferroalloys, to be conducted through state-owned enterprises (SOEs) appointed by the Government of the Republic of Indonesia as sole exporters. This means that the proceeds from each export sale will be passed on by the government-appointed SOE to the business actors managing the activity. This can be considered a marketing facility," Prabowo said at the time.
Read: DSI Does Not Benefit From Palm Oil Exports, Deputy Minister Says
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