Indonesia coal export ban nearly wipes out Jan trade surplus


A filephoto showing excavators pile coal in a storage area in an Indonesian Power Plant in Suralaya, in Banten province. - Reuters

JAKARTA, Feb 14 (Reuters): Indonesia's monthly trade surplus is expected to plummet 80% to US$190 million in January after the world's top coal exporter clamped down on shipments last month, and as imports gained momentum, a Reuters poll showed on Monday.

Authorities on Jan. 1 announced an unexpected suspension of all coal exports due to critically low inventory of the fuel at domestic power plants.

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Indonesia , Coal Ban , Wipe Out , Janm Trade , Surplus

   

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