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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, 10 June 21
U.S. COAL PRODUCTION TO TOTAL 600 MMST IN 2021, 11% MORE THAN IN 2020 - EIA
EIA expects U.S. coal production to total 600 million short tons (MMst) in 2021, which is 61 MMst (11%) more than in 2020.
The increase is dri ...
Wednesday, 09 June 21
SHIPTEK INTERNATIONAL CONFERENCE & AWARDS 2021
The In-Person Maritime Event
SHIPTEK INTERNATIONAL CONFERENCE & AWARDS 2021
culminates successfully in Dubai
Press Release: ...
Wednesday, 09 June 21
MARKET INSIGHT - INTERMODAL
“Counter cyclical investments.” usually take place by investing in a “bad” market at the point that ensures that the acquir ...
Saturday, 05 June 21
KOMIPO INVITED 5600 NAR COAL OFFERS FOR THREE YEARS SUPPLY; 520,000 MT PER YEAR
COALspot.com: Korea Midland Power Co., Ltd (KOMIPO) has issued an international tender for total 1,560,000 MT of Bituminous Coal to be used a ...
Saturday, 05 June 21
IT'S TIME FOR THE BIDEN ADMINISTRATION TO CHAMPION RENEWABLE ENERGY IN THE PHILIPPINES, NOT NUCLEAR OR FOSSIL GAS - IEEFA
Fossil gas and nuclear investments risk locking in costly, outdated infrastructure for the long-term
The United States has spent the ...
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petrochimia International Co. Ltd.- Taiwan
- IEA Clean Coal Centre - UK
- Bhatia International Limited - India
- Heidelberg Cement - Germany
- GAC Shipping (India) Pvt Ltd
- CNBM International Corporation - China
- Formosa Plastics Group - Taiwan
- Videocon Industries ltd - India
- Carbofer General Trading SA - India
- Rashtriya Ispat Nigam Limited - India
- Planning Commission, India
- Samtan Co., Ltd - South Korea
- Borneo Indobara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Indian Oil Corporation Limited
- Independent Power Producers Association of India
- Oldendorff Carriers - Singapore
- Eastern Energy - Thailand
- Ambuja Cements Ltd - India
- Indogreen Group - Indonesia
- Sojitz Corporation - Japan
- Neyveli Lignite Corporation Ltd, - India
- The University of Queensland
- Tata Chemicals Ltd - India
- Vizag Seaport Private Limited - India
- Kobexindo Tractors - Indoneisa
- Agrawal Coal Company - India
- Thai Mozambique Logistica
- Romanian Commodities Exchange
- Wood Mackenzie - Singapore
- MS Steel International - UAE
- Manunggal Multi Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Larsen & Toubro Limited - India
- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- TNB Fuel Sdn Bhd - Malaysia
- Global Business Power Corporation, Philippines
- Georgia Ports Authority, United States
- Essar Steel Hazira Ltd - India
- Toyota Tsusho Corporation, Japan
- Semirara Mining and Power Corporation, Philippines
- Grasim Industreis Ltd - India
- India Bulls Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Directorate General of MIneral and Coal - Indonesia
- Africa Commodities Group - South Africa
- Electricity Authority, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Antam Resourcindo - Indonesia
- Metalloyd Limited - United Kingdom
- Bulk Trading Sa - Switzerland
- Barasentosa Lestari - Indonesia
- VISA Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- IHS Mccloskey Coal Group - USA
- Gujarat Mineral Development Corp Ltd - India
- Renaissance Capital - South Africa
- Marubeni Corporation - India
- TeaM Sual Corporation - Philippines
- Siam City Cement - Thailand
- Mintek Dendrill Indonesia
- Edison Trading Spa - Italy
- European Bulk Services B.V. - Netherlands
- Indika Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Interocean Group of Companies - India
- Baramulti Group, Indonesia
- Merrill Lynch Commodities Europe
- Vedanta Resources Plc - India
- Bayan Resources Tbk. - Indonesia
- PowerSource Philippines DevCo
- Straits Asia Resources Limited - Singapore
- Sakthi Sugars Limited - India
- ASAPP Information Group - India
- Riau Bara Harum - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Deloitte Consulting - India
- International Coal Ventures Pvt Ltd - India
- Minerals Council of Australia
- Sree Jayajothi Cements Limited - India
- Central Electricity Authority - India
- New Zealand Coal & Carbon
- McConnell Dowell - Australia
- Kartika Selabumi Mining - Indonesia
- SMG Consultants - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Ind-Barath Power Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- OPG Power Generation Pvt Ltd - India
- Parliament of New Zealand
- Sindya Power Generating Company Private Ltd
- Malabar Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Energy Development Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Price Waterhouse Coopers - Russia
- Holcim Trading Pte Ltd - Singapore
- Lanco Infratech Ltd - India
- LBH Netherlands Bv - Netherlands
- Ministry of Transport, Egypt
- Mercator Lines Limited - India
- Wilmar Investment Holdings
- Mjunction Services Limited - India
- Parry Sugars Refinery, India
- Krishnapatnam Port Company Ltd. - India
- Vijayanagar Sugar Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Anglo American - United Kingdom
- Coalindo Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Orica Mining Services - Indonesia
- Standard Chartered Bank - UAE
- Indonesian Coal Mining Association
- Kumho Petrochemical, South Korea
- Latin American Coal - Colombia
- Ministry of Finance - Indonesia
- Bhoruka Overseas - Indonesia
- Global Coal Blending Company Limited - Australia
- Bharathi Cement Corporation - India
- San Jose City I Power Corp, Philippines
- Madhucon Powers Ltd - India
- ICICI Bank Limited - India
- White Energy Company Limited
- The Treasury - Australian Government
- Aboitiz Power Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meralco Power Generation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Chettinad Cement Corporation Ltd - India
- Iligan Light & Power Inc, Philippines
- Goldman Sachs - Singapore
- Bhushan Steel Limited - India
- Semirara Mining Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Bukit Makmur.PT - Indonesia
- Attock Cement Pakistan Limited
- PetroVietnam Power Coal Import and Supply Company
- Chamber of Mines of South Africa
- Karaikal Port Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Banpu Public Company Limited - Thailand
- Tamil Nadu electricity Board
- Kideco Jaya Agung - Indonesia
- Aditya Birla Group - India
- Kepco SPC Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Makarim & Taira - Indonesia
- GMR Energy Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GVK Power & Infra Limited - India
- Dalmia Cement Bharat India
- Indo Tambangraya Megah - Indonesia
- Therma Luzon, Inc, Philippines
- Salva Resources Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Asmin Koalindo Tuhup - Indonesia
- South Luzon Thermal Energy Corporation
- Commonwealth Bank - Australia
- Orica Australia Pty. Ltd.
- London Commodity Brokers - England
- Eastern Coal Council - USA
- Gujarat Sidhee Cement - India
- The State Trading Corporation of India Ltd
- PNOC Exploration Corporation - Philippines
- Sical Logistics Limited - India
- SN Aboitiz Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jindal Steel & Power Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Medco Energi Mining Internasional
- SMC Global Power, Philippines
- Globalindo Alam Lestari - Indonesia
- Central Java Power - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Singapore Mercantile Exchange
- Ceylon Electricity Board - Sri Lanka
- Australian Coal Association
- Economic Council, Georgia
- Indian Energy Exchange, India
- Kaltim Prima Coal - Indonesia
- Xindia Steels Limited - India
- Uttam Galva Steels Limited - India
- Cement Manufacturers Association - India
- Directorate Of Revenue Intelligence - India
- Pendopo Energi Batubara - Indonesia
- Australian Commodity Traders Exchange
- CIMB Investment Bank - Malaysia
- Rio Tinto Coal - Australia
- Ministry of Mines - Canada
- Petron Corporation, Philippines
- Posco Energy - South Korea
- Thiess Contractors Indonesia
- Simpson Spence & Young - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Mercuria Energy - Indonesia
- Port Waratah Coal Services - Australia
- Coastal Gujarat Power Limited - India
- Coal and Oil Company - UAE
- Jaiprakash Power Ventures ltd
- Meenaskhi Energy Private Limited - India
- Siam City Cement PLC, Thailand
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