Danantara Sumberdaya Indonesia to disclose fee size in December, chief says

NUSA DUA, Indonesia, Nov 13 (Reuters) - Danantara Sumberdaya Indonesia, a company set up to oversee commodity export transactions, will announce its service fee structure next month, its chief executive said on Friday, with fee collection expected to start when its monitoring portal goes live on January 1.

• DSI will monitor exports of palm oil, coal and ferroalloys through a digital portal known as NADI, which will collect data relating to export contracts, shipment volumes, prices, product specifications, ship tracking and the repatriation of earnings for major commodities

• DSI chief executive Luke Mahony told Reuters that the fee will be set as a percentage of the commodity price

• "The mechanism we're still finalising, and we will make an official announcement in December on the exact mechanism and the price then," he said on the sidelines of a palm oil industry conference

• Based on current market prices, the service fee for palm oil exports would be a single-digit dollar per ton, he said

• DSI, set up earlier this year, is part of President Prabowo Subianto's plan to improve state oversight of commodity exports and prevent what he has described as commodity shipment leakages

• Prabowo has accused exporters of using practices like under-invoicing and transfer pricing to shift their profits abroad