Minister of Trade (Mendag) Budi Santoso stated that there has been no decision or follow-up regarding the regulation of coconut commodity exports.
"Until now, there hasn't been any," said Budi in Jakarta, Friday.
Budi said that farmers are currently enjoying profits from coconut export sales. According to him, this is a rare occurrence for coconut farmers.
He also highlighted the trade patterns of whole coconuts, particularly the issue that exported coconuts were of superior quality, while those sold domestically were only leftovers.
According to him, domestic industry players must be able to compete with importers who buy coconuts from local farmers.
"This is the first time coconut prices have been good, meaning farmers are enjoying it now, never before. Secondly, if importers can buy at that price, why can't we? The industry players have a domestic market. The current price is higher, and that's for export," he explained.
Budi also emphasized that there is no shortage of whole coconuts in the market. He emphasized that supplies are still available.
"Stocks aren't scarce; they're plentiful in the markets. There are plenty of coconuts. Don't give the impression that there aren't any; there are plenty. There are plenty in the eastern regions, too," Budi added.
In May 2025, the government plans to establish a PE for whole coconuts. This PE will ensure a balance between domestic and export stocks.
The plan to implement PE for whole coconuts will be issued in the form of a Minister of Finance Regulation (PMK).
