Indonesian state-owned entity DSI has monitored 154.1mn t of shipment data on its tracking platform since June, as part of the country's efforts to have oversight of key resources including coal, palm oil and ferrous alloys and mitigate under-invoicing.
This amounts to an export value of $25.5bn over 1 June-24 September, according to an update by DSI's president director Luke Mahony at CT Asia 2026 in Bali, Indonesia on 29 September.
Coal accounted for 93pc of the total export volume recorded by the company during that period, worth around $10.7bn, according to DSI data. Palm oil products accounted for 5pc of total export volume worth around $9.1bn, while around $5.7bn worth of ferrous alloys export data was recorded, accounting for 2pc of total shipment volume recorded, DSI data show.
"Our interaction is going to be through a binary agreement with the seller. And we're working through and discussing with the producers what that model looks like. We are piloting and setting up a system and we are working very closely with the associations and the producers to make sure that this is a seamless transition and that people really understand how the system works," said Mahony at the conference.
The DSI reiterated its position as an intermediary with no change to ownership, commercial negotiation and physical flows. It is also starting a committee of experts to form a methodology to verify market information. It has invited producers, exporters, international buyers, traders and industry associations to form the committee and form a methodology to be launched in "two to three weeks", said Mahony.
"The role of this committee is to provide oversight, ensure that the methodology is robust for its purpose and also to review changes. The concept is straightforward. Compare the declared parameters with a DSI reference. Built from appropriate market indices and legitimate commercial adjustment factors," he said.
Mahony said that it is possible for the DSI to extend the platform to monitor more commodities beyond the three resources, if implementation is successful. He also said that the DSI's role to provide visibility and flag and identify any anomalies that could be signs of under-invoicing and transfer pricing.
"A flag doesn't mean anything's wrong. We will ask questions on any concerns we have. And then ultimately, it'll be up to the regulators to do the investigation," he said.
