PALMOILMAGAZINE, JAKARTA – Global agribusiness giant Wilmar International has issued an official clarification following media reports linking the company to an alleged investigation into export under-invoicing and transfer pricing practices within Indonesia’s palm oil sector.
The company’s name recently appeared in several national media reports that cited allegations involving major palm oil exporters and potential irregularities in export valuation and pricing arrangements, issues that have drawn increasing attention from Indonesian authorities.
In a formal statement, Wilmar International Limited emphasized that it has not received any official notification regarding an investigation as described in recent media coverage. Nevertheless, the company said it is engaging with relevant authorities to better understand the concerns being raised.
Also Read: Agriculture Ministry Presses 139 Palm Oil Mills to Reverse FFB Price Cuts
“Wilmar would like to clarify that we have not received any formal notification regarding the investigation referred to in media reports. However, we are cooperating with the relevant authorities to understand the issues that are of concern to them,” the company stated, as reported by Palmoilmagazine.com on May 30, 2026.
Wilmar further noted that should it receive formal notification indicating that it is part of an investigation into alleged export under-invoicing or transfer pricing activities, the company will disclose the information to the market in accordance with applicable regulatory and disclosure requirements.
“If and when we receive official notification that Wilmar is being investigated for alleged export under-invoicing and export transfer pricing practices, we will provide updates to the market in accordance with the relevant disclosure obligations,” the statement added.
Also Read: One-Gate Export System and a New House Called Danantara
The allegations surrounding export valuation practices have become a major topic of discussion within Indonesia’s palm oil industry due to their potential implications for export governance, state revenue collection, and transparency in the trade of strategic commodities.
Under-invoicing generally refers to the reporting of export values below actual transaction levels, while transfer pricing involves pricing arrangements between affiliated entities that may affect profit reporting and tax obligations.
To date, Indonesian authorities have not released any official findings or legal determinations regarding the companies mentioned in earlier reports. Nor have they publicly disclosed the status or outcome of any ongoing investigations.
Also Read: Sudaryono Meets Palm Oil Industry Players, Calls for Normal Trade Activities and Fair FFB Pricing
Wilmar’s clarification underscores the importance of exercising caution when interpreting reports related to investigations that remain at an early stage and have not been accompanied by formal notifications from the relevant authorities.
The company reiterated its commitment to regulatory compliance and transparency while continuing to cooperate with government agencies as discussions surrounding Indonesia’s palm oil export governance evolve. (P2)
