Commodities
Industry frets as government targets palm oil, coal and key minerals
Workers walk near coal barges in Palembang, Indonesia: Commodity producer shares fell on May 20, after the government announced new export controls. © Reuters
ISMI DAMAYANTI and REZHA HADYAN
JAKARTA — Indonesian President Prabowo Subianto on Wednesday announced the formation of a state-owned enterprise that will take over control of exports of key commodities, sparking an outcry in the affected industries.