Capai Customs Reaches IDR 9.3 Trillion, Driven By Copper Commodities Growing 928 Percent

Minister of Finance Sri Mulyani (photo: between)

JAKARTA - Finance Minister Sri Mulyani Indrawati said that import revenues from leaving until July 2024 grew 58.1 percent on an annual basis or year on year (yoy) to Rp9.3 trillion. One of the drivers of this growth is the copper commodity of 928 percent.

"The growth rate is 928 percent. These are from only two, namely Newmont Amman and Freeport," said Sri Mulyani during a press conference for the July 2024 edition of the KiTa State Budget, written Wednesday, August 13.

Sri Mulyani said the two companies were allowed to export copper. However, it must be completed in setting up a smelter and must pay a higher exit fee.

"So this causes our acceptance to be high. So they force them to do downstreaming, and they have done it, but it's not finished yet, because at that time they should have had a deadline," he said.

Meanwhile, for palm oil, Sri Mulyani said there was a 60 percent decrease in input from output duties (yoy). This condition is influenced by a decrease in the average CPO price in 2024 by 5.91 percent on an annual basis.

"This is due to the decline in the CPO price of 5.91 percent (yoy) from 865 US dollars per metric ton to 814 US dollars per metric ton," he said.

In addition to price problems, Sri Mulyani said that CPO also experienced a decrease in the export volume of palm products from 24.01 million tons to 20.29 million tons or a decrease of 15.48 percent.