Indonesia's restrictions on commodities rattle markets, more moves likely

Coal is loaded onto a truck at the Karya Citra Nusantara (KCN) Marunda port in Jakarta. - AFP

JAKARTA, Jan 28 (Reuters): In just the first month of this year, Indonesian policymakers have rattled global markets with restrictions on some of its biggest commodities exports - and more such moves are in the works.

The resource-rich Southeast Asian nation banned coal exports for January, imposed restrictions on palm oil shipments by requiring mandatory domestic market obligations, and also floated the idea of an export tax on nickel pig iron - all within the opening weeks of 2022.