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Tuesday, 19 July 22
INDONESIA REMOVES PALM OIL EXPORT LEVY UNTIL AUG. 31 - REUTERS
Indonesia has scrapped its export levy for all palm oil products until Aug. 31 in a fresh attempt to boost exports and ease high inventories, finance ministry officials said on Saturday, adding the move would not disrupt government revenues.
The decision by the world’s biggest palm oil exporter could further depress prices FCPOc3, which have fallen by about 50% since late April to their lowest in over a year.
Indonesian palm oil producers have been struggling with high inventories since the country imposed a three-week export ban through to May 23 to reduce domestic cooking oil prices.
Since lifting the ban, Jakarta has implemented rules on mandatory local sales – known as the domestic market obligation (DMO) – to keep produce at home to be made into cooking oil.
At the same time, it has tried to clear up storage tanks by cutting export taxes and launching a shipment acceleration programme, but exports remained slow and companies have blamed the DMO rules, as well as problems with securing cargo vessels.
The levy removal is intended to further support exports, Febrio Kacaribu, the ministry’s head of fiscal policy agency, told reporters on the sideline of a G20 finance meeting in Bali.
“In the context of government revenues, (the impact) won’t be too big,” he said.
Finance Minister Sri Mulyani Indrawati said a progressive palm oil export levy would be applied starting Sept. 1, with the rate set between $55 and $240 per tonne for crude palm oil, depending on prices.
High palm oil stocks have forced mills to limit purchases of palm fruits. Farmers have complained their unsold fruits have been left to rot.
There were 7.23 million tonnes of crude palm oil in storage tanks at the end of May, data from the Indonesian Palm Oil Association (GAPKI) showed on Friday.
GAPKI welcomed the new measure, but it recommended the DMO rules be removed too, its secretary general Eddy Martono said.
“For now remove the DMO … until stocks drop to 3 million to 4 million tonnes. Our problem now is the inventory is too high,” he told Reuters.
Source: Reuters
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Thursday, 26 August 21
INDIA IMPORTED 17.06 MLN TONNES OF LPG IN 2020; UP 11.5% Y-O-Y
Global LPG trade remained fairly positive in 2020, despite the global economic impact from COVID-19, and surged strongly in the first half of 2021. ...
Thursday, 26 August 21
MARKET INSIGHT - INTERMODAL
24th of August 2021, the Baltic Dry Index reached 4,201, a YTD high and the highest since May 2010.
Cape 5TC daily average @ 51,472
...
Tuesday, 24 August 21
COAL PRICE RALLY TO PRESSURE CHINESE POWER GENCOS’ MARGINS FITCH RATINGS
Fitch Ratings expects the pressure on Chinese power generation companies’ (gencos) profit from the recent coal price surge to weaken their cr ...
Tuesday, 24 August 21
TIGHT POWER SUPPLY IN CHINA AMID STRONG DEMAND, HIGH COAL PRICES - FITCH RATINGS
China experienced tight power supply in 1H21 on stronger than expected power demand as economic activity continued to recover, Fitch Ratings says i ...
Monday, 23 August 21
CHINESE COAL PRODUCTION RISES 4.9 PCT IN 1ST 7 MONTHS OF 2021 - NBS
Official figures demonstrated that the Chinese raw coal production surged 4.9 percent annually to 2.26 billion tonnes in the January-July period of ...
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- OPG Power Generation Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Dalmia Cement Bharat India
- Gujarat Sidhee Cement - India
- Tamil Nadu electricity Board
- Binh Thuan Hamico - Vietnam
- Global Green Power PLC Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Ministry of Transport, Egypt
- Jindal Steel & Power Ltd - India
- Merrill Lynch Commodities Europe
- The Treasury - Australian Government
- LBH Netherlands Bv - Netherlands
- Globalindo Alam Lestari - Indonesia
- McConnell Dowell - Australia
- Minerals Council of Australia
- Semirara Mining Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sical Logistics Limited - India
- San Jose City I Power Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Iligan Light & Power Inc, Philippines
- PowerSource Philippines DevCo
- Neyveli Lignite Corporation Ltd, - India
- Medco Energi Mining Internasional
- Mercuria Energy - Indonesia
- Posco Energy - South Korea
- Semirara Mining and Power Corporation, Philippines
- White Energy Company Limited
- Agrawal Coal Company - India
- Goldman Sachs - Singapore
- Bulk Trading Sa - Switzerland
- Asmin Koalindo Tuhup - Indonesia
- Sarangani Energy Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Borneo Indobara - Indonesia
- Kaltim Prima Coal - Indonesia
- Rio Tinto Coal - Australia
- Electricity Generating Authority of Thailand
- Africa Commodities Group - South Africa
- Independent Power Producers Association of India
- SMC Global Power, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Ambuja Cements Ltd - India
- Attock Cement Pakistan Limited
- CIMB Investment Bank - Malaysia
- Pendopo Energi Batubara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Marubeni Corporation - India
- Manunggal Multi Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Mintek Dendrill Indonesia
- Star Paper Mills Limited - India
- Aditya Birla Group - India
- Global Business Power Corporation, Philippines
- Baramulti Group, Indonesia
- Samtan Co., Ltd - South Korea
- Sakthi Sugars Limited - India
- Indian Energy Exchange, India
- Cigading International Bulk Terminal - Indonesia
- GMR Energy Limited - India
- Coalindo Energy - Indonesia
- New Zealand Coal & Carbon
- Bukit Makmur.PT - Indonesia
- Bangladesh Power Developement Board
- PNOC Exploration Corporation - Philippines
- Ministry of Mines - Canada
- Bukit Baiduri Energy - Indonesia
- Indogreen Group - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Cement Manufacturers Association - India
- Metalloyd Limited - United Kingdom
- Parliament of New Zealand
- South Luzon Thermal Energy Corporation
- Gujarat Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- TeaM Sual Corporation - Philippines
- Deloitte Consulting - India
- Rashtriya Ispat Nigam Limited - India
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- Heidelberg Cement - Germany
- Interocean Group of Companies - India
- Commonwealth Bank - Australia
- Krishnapatnam Port Company Ltd. - India
- Karaikal Port Pvt Ltd - India
- Electricity Authority, New Zealand
- Intertek Mineral Services - Indonesia
- Jaiprakash Power Ventures ltd
- Petrochimia International Co. Ltd.- Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Orica Mining Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Riau Bara Harum - Indonesia
- ICICI Bank Limited - India
- Economic Council, Georgia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhoruka Overseas - Indonesia
- Formosa Plastics Group - Taiwan
- PTC India Limited - India
- Power Finance Corporation Ltd., India
- Planning Commission, India
- Parry Sugars Refinery, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Edison Trading Spa - Italy
- Therma Luzon, Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Lanco Infratech Ltd - India
- Bhushan Steel Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- VISA Power Limited - India
- Port Waratah Coal Services - Australia
- Xindia Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Kartika Selabumi Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Aboitiz Power Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Jorong Barutama Greston.PT - Indonesia
- Grasim Industreis Ltd - India
- Eastern Energy - Thailand
- Malabar Cements Ltd - India
- The University of Queensland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- MS Steel International - UAE
- PetroVietnam Power Coal Import and Supply Company
- ASAPP Information Group - India
- Siam City Cement PLC, Thailand
- Thai Mozambique Logistica
- Ind-Barath Power Infra Limited - India
- Bhatia International Limited - India
- Timah Investasi Mineral - Indoneisa
- Sojitz Corporation - Japan
- Ceylon Electricity Board - Sri Lanka
- Altura Mining Limited, Indonesia
- Madhucon Powers Ltd - India
- Central Java Power - Indonesia
- Ministry of Finance - Indonesia
- Chamber of Mines of South Africa
- Vedanta Resources Plc - India
- Wood Mackenzie - Singapore
- Coastal Gujarat Power Limited - India
- Australian Commodity Traders Exchange
- Bayan Resources Tbk. - Indonesia
- GAC Shipping (India) Pvt Ltd
- Romanian Commodities Exchange
- Thiess Contractors Indonesia
- Renaissance Capital - South Africa
- Salva Resources Pvt Ltd - India
- Videocon Industries ltd - India
- Anglo American - United Kingdom
- Georgia Ports Authority, United States
- Tata Chemicals Ltd - India
- CNBM International Corporation - China
- Sinarmas Energy and Mining - Indonesia
- Meralco Power Generation, Philippines
- Larsen & Toubro Limited - India
- Central Electricity Authority - India
- Kideco Jaya Agung - Indonesia
- Vizag Seaport Private Limited - India
- Carbofer General Trading SA - India
- Miang Besar Coal Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- AsiaOL BioFuels Corp., Philippines
- IEA Clean Coal Centre - UK
- Antam Resourcindo - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- GVK Power & Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Petron Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Indian Oil Corporation Limited
- Indonesian Coal Mining Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMG Consultants - Indonesia
- Simpson Spence & Young - Indonesia
- Coal and Oil Company - UAE
- Banpu Public Company Limited - Thailand
- Barasentosa Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Australian Coal Association
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- Eastern Coal Council - USA
- Oldendorff Carriers - Singapore
- Price Waterhouse Coopers - Russia
- Kumho Petrochemical, South Korea
- Holcim Trading Pte Ltd - Singapore
- Standard Chartered Bank - UAE
- Trasteel International SA, Italy
- Kobexindo Tractors - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- India Bulls Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Kepco SPC Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- Energy Development Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Singapore Mercantile Exchange
- Bharathi Cement Corporation - India
- Mjunction Services Limited - India
- Latin American Coal - Colombia
- Straits Asia Resources Limited - Singapore
- London Commodity Brokers - England
- International Coal Ventures Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wilmar Investment Holdings
- The State Trading Corporation of India Ltd
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