India's domestic coal pivot cuts deep into Indonesian thermal imports

India's push to replace imported coal with domestic cargoes at power plants originally designed for burning seaborne coal is delivering a direct hit to Indonesian thermal coal exports, data from multiple sources show.

India's non-coking coal imports from Indonesia plunged 31% year-on-year in May, according to Indian commodities consultancy BigMint, which took India's total non-coking coal imports to 65 million tonnes in January-May, down 12% year-on-year and the lowest volume for the period since 2022. The sharper monthly decline in May is