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Friday, 08 July 22
INDONESIA MULLS MORE FREQUENT SETTING OF CRUDE PALM OIL REFERENCE PRICE - REUTERS
Indonesia is considering setting its crude palm oil (CPO) export reference price every two weeks instead of monthly, a senior trade ministry official said on Wednesday, aiming to adjust quicker to fast-changing international market prices.
 
The government currently sets a monthly reference price based on Indonesian, Malaysian and European crude palm oil prices. That price is used to determine the palm oil export tax and levy each month.
 
“Within a month the (global) price can be volatile, we are considering to set the export reference price by every two weeks,” senior official Veri Anggrijono told media on Wednesday.
 
The Malaysian benchmark palm oil futures fell 22% in June and have slumped more than 20% so far in July, a result of Indonesia boosting exports and expectation of Malaysian production increasing, while global demand is sluggish amid recession concerns. POI/
 
Veri did not give a time frame for when a decision would be made, but said authorities were hearing views from stakeholders, government bodies and industry participants about the proposal.
 
He said some businesses might find the two-week period burdensome as they may need to adjust their contracts at the same frequency.
 
Indonesia currently charge a maximum $288 per tonne for export tax and until July 31 will charge a maximum $200 per tonne export levy for when the reference price exceeds $1,500 per tonne.
Source: Reuters: 


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Wednesday, 22 November 23
INDIA: GOVERNMENT PLANS 1.4 BILLION TONNE COAL OUTPUT BY 2027 - LIVEMINT
The Union coal ministry on Monday announced plans to increase India’s coal production to 1.404 billion tonne by 2027, with an eye to further ...


Wednesday, 22 November 23
OBLIGATION. INDONESIA AIMS TO START COLLECTING LEVIES FROM COAL MINERS IN JANUARY - REUTERS
Indonesia plans to start collecting levies from coal miners in January to be used to compensate miners who sell coal to the state utility at lower ...


Tuesday, 21 November 23
INDIAN COAL POWER PLANTS’ CAPACITY UTILISATION WILL IMPROVE TO 65% THIS FISCAL: - CRISIL
Coal-based thermal power units’ plant load factor (PLF) or capacity utilisation will improve to 65 percent in the current fiscal year despite ...


Tuesday, 14 November 23
CAPITAL PRODUCT PARTNERS L.P. ANNOUNCES TRANSFORMATIVE TRANSACTION INCLUDING THE ACQUISITION OF 11 NEWBUILD LNG CARRIERS FOR $3.1 BILLION
Capital Product Partners L.P. announced that it has entered into an umbrella agreement (the “Umbrella Agreement”) with Capital Maritime ...


Tuesday, 14 November 23
COAL INDIA BEATS Q2 PROFIT VIEW ON HIGH POWER DEMAND AMID WEAK MONSOON - REUTERS
Coal India on Friday reported better-than-expected second-quarter profit, helped by high power demand and boosted production amid a weak monsoon. ...


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