Lang
Jakarta, Indonesia – The Indonesian government has identified an average discrepancy exceeding 30 percent between the export prices reported by businesses and the prevailing index prices for key commodities. This significant difference was uncovered following a comprehensive consolidation of export data across various ministries and agencies onto a single platform.
Rosan Roeslani, Minister of Mineral Resources and Investment and Head of the Investment Coordinating Board (BKPM), confirmed that monitoring efforts began on June 1, focusing on vital exports such as coal, palm oil, ferroalloys, and their derivatives.
Roeslani stated at the Presidential Palace Complex in Jakarta on Monday (July 20), 'The gap was previously an average of about 30 percent more, now with the index very close.'
He cited RBD olein, a refined palm oil product, as a prime example, noting that its reported selling price often diverged considerably from the market index.
Previously, the government faced challenges in cross-referencing export data due to information on trade volume, duties, and taxes being dispersed among institutions like Customs, the Ministry of Trade, Ministry of Industry, and Ministry of Energy and Mineral Resources. The new unified system now centralizes this data.
According to Roeslani, this enhanced system enables daily price monitoring. Should a discrepancy arise between reported and index prices, the platform automatically dispatches an alert to the relevant government bodies.
'Now we can see the selling price according to the market or below the market price. Because until now what has happened is below the index price,' he added.
The monitoring initiative is currently in a three-month evaluation period. Roeslani did not disclose the total export value impacted by these below-index prices or the potential state revenue that could be recovered.
Source: VOI.id