Indonesia Says Export Agency Will Focus on Price, Not Trading

Indonesia’s commodity export agency will focus on monitoring the price of key raw-material exports instead of intervening in trade, according to a senior official, in an apparent effort to ease industry concerns over a radical natural-resource policy introduced last month.

An arm of sovereign wealth fund Danantara set up to oversee shipments of coal, palm oil and ferroalloys, will only ensure the natural resources are sold at their true prices, Danantara Chief Operating Officer Dony Oskaria said.

“Our real goal is ‘Hey, you’re selling it at the right price,’” he told a local podcast, according to a statement released by ...