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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 $240 per tonne for crude palm oil, depending on prices.
High palm oil stocks have forced mills to limit purchases of palm fruits. Farmers have complained their unsold fruits have been left to rot.
There were 7.23 million tonnes of crude palm oil in storage tanks at the end of May, data from the Indonesian Palm Oil Association (GAPKI) showed on Friday.
GAPKI welcomed the new measure, but it recommended the DMO rules be removed too, its secretary general Eddy Martono said.
“For now remove the DMO … until stocks drop to 3 million to 4 million tonnes. Our problem now is the inventory is too high,” he told Reuters.
Source: Reuters
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Thursday, 27 May 21
CHINA POWER DEMAND EXCEEDS PRE-COVID-19 LEVELS; THERMAL OUTPUT STRONG - FITCH RATINGS
Rising Consumption: Total power consumption rose by 21.2% yoy to 1,921.9GWh in 1Q21 due to the fast recovery of China’s economy, after a drop ...
Thursday, 27 May 21
CHINA'S POWER DEMAND EXCEEDS PRE-PANDEMIC LEVELS; RENEWABLES TO DRIVE DEVELOPMENT - FITCH RATINGS
China's power consumption exceeded the pre-Covid-19 levels in 1Q21 due to the country's fast economic recovery, with strong output from the ...
Wednesday, 26 May 21
THE INDONESIA COAL PRICE REFERENCE FOR MAY 2021 SETTLES AT US$ 89.74 PER TON
COALspot.com: The Indonesia coal price reference for May 2021 settles at US$ 89.74 per ton FOB vessel.
The Indonesia coal pric ...
Wednesday, 26 May 21
MARKET INSIGHT - INTERMODAL
Last year crude tankers’ newbuilding contracting activity was devastated by the economic effects of the Covid-19 pandemic and the cloud of un ...
Wednesday, 26 May 21
NEW POWER AND ENERGY MASTER PLAN MUST BE DESIGNED IN BANGLADESH'S BEST INTERESTS, NOT JAPAN'S - IEEFA
JICA must deliver a low or zero emissions plan as promised, not fund Matarbari 2 coal plant
Clear understandings from the Bangladesh ...
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- Star Paper Mills Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Deloitte Consulting - India
- The State Trading Corporation of India Ltd
- Energy Development Corp, Philippines
- Mercuria Energy - Indonesia
- SMG Consultants - Indonesia
- Lanco Infratech Ltd - India
- Indo Tambangraya Megah - Indonesia
- Kartika Selabumi Mining - Indonesia
- Romanian Commodities Exchange
- Petron Corporation, Philippines
- ICICI Bank Limited - India
- Eastern Coal Council - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Edison Trading Spa - Italy
- Gujarat Sidhee Cement - India
- Karaikal Port Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- ASAPP Information Group - India
- Timah Investasi Mineral - Indoneisa
- Vedanta Resources Plc - India
- Gujarat Mineral Development Corp Ltd - India
- Binh Thuan Hamico - Vietnam
- CIMB Investment Bank - Malaysia
- Intertek Mineral Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Bangladesh Power Developement Board
- Barasentosa Lestari - Indonesia
- India Bulls Power Limited - India
- The University of Queensland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Videocon Industries ltd - India
- Leighton Contractors Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Green Power PLC Corporation, Philippines
- Heidelberg Cement - Germany
- GMR Energy Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Antam Resourcindo - Indonesia
- Jaiprakash Power Ventures ltd
- Vijayanagar Sugar Pvt Ltd - India
- Carbofer General Trading SA - India
- Central Java Power - Indonesia
- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Ambuja Cements Ltd - India
- Aditya Birla Group - India
- Karbindo Abesyapradhi - Indoneisa
- Indian Oil Corporation Limited
- Dalmia Cement Bharat India
- OPG Power Generation Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- Indogreen Group - Indonesia
- Kaltim Prima Coal - Indonesia
- Mercator Lines Limited - India
- Chamber of Mines of South Africa
- Goldman Sachs - Singapore
- MS Steel International - UAE
- Riau Bara Harum - Indonesia
- Sojitz Corporation - Japan
- Parliament of New Zealand
- Tamil Nadu electricity Board
- Kepco SPC Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Siam City Cement - Thailand
- South Luzon Thermal Energy Corporation
- Wood Mackenzie - Singapore
- Merrill Lynch Commodities Europe
- Kalimantan Lumbung Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement PLC, Thailand
- Ministry of Transport, Egypt
- Global Coal Blending Company Limited - Australia
- European Bulk Services B.V. - Netherlands
- Maheswari Brothers Coal Limited - India
- Standard Chartered Bank - UAE
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining Corp, Philippines
- Planning Commission, India
- GAC Shipping (India) Pvt Ltd
- Kohat Cement Company Ltd. - Pakistan
- Metalloyd Limited - United Kingdom
- Madhucon Powers Ltd - India
- Electricity Authority, New Zealand
- Thiess Contractors Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Orica Mining Services - Indonesia
- Agrawal Coal Company - India
- GVK Power & Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Larsen & Toubro Limited - India
- Meralco Power Generation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
- Australian Commodity Traders Exchange
- Energy Link Ltd, New Zealand
- VISA Power Limited - India
- London Commodity Brokers - England
- IEA Clean Coal Centre - UK
- Xindia Steels Limited - India
- Price Waterhouse Coopers - Russia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aboitiz Power Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Salva Resources Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Wilmar Investment Holdings
- Jorong Barutama Greston.PT - Indonesia
- Cement Manufacturers Association - India
- Renaissance Capital - South Africa
- PowerSource Philippines DevCo
- Anglo American - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Attock Cement Pakistan Limited
- TeaM Sual Corporation - Philippines
- White Energy Company Limited
- Interocean Group of Companies - India
- Power Finance Corporation Ltd., India
- Ceylon Electricity Board - Sri Lanka
- Trasteel International SA, Italy
- Orica Australia Pty. Ltd.
- McConnell Dowell - Australia
- GN Power Mariveles Coal Plant, Philippines
- PTC India Limited - India
- Posco Energy - South Korea
- Sinarmas Energy and Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Miang Besar Coal Terminal - Indonesia
- Thai Mozambique Logistica
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- Pipit Mutiara Jaya. PT, Indonesia
- Savvy Resources Ltd - HongKong
- Africa Commodities Group - South Africa
- Simpson Spence & Young - Indonesia
- Bharathi Cement Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Port Waratah Coal Services - Australia
- Eastern Energy - Thailand
- Kumho Petrochemical, South Korea
- Krishnapatnam Port Company Ltd. - India
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- Economic Council, Georgia
- CNBM International Corporation - China
- Commonwealth Bank - Australia
- Minerals Council of Australia
- Sindya Power Generating Company Private Ltd
- Indian Energy Exchange, India
- Ministry of Mines - Canada
- Sree Jayajothi Cements Limited - India
- Global Business Power Corporation, Philippines
- Indonesian Coal Mining Association
- Sical Logistics Limited - India
- Central Electricity Authority - India
- Bahari Cakrawala Sebuku - Indonesia
- Bhatia International Limited - India
- Independent Power Producers Association of India
- Electricity Generating Authority of Thailand
- Uttam Galva Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Tata Chemicals Ltd - India
- Sarangani Energy Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Chettinad Cement Corporation Ltd - India
- Grasim Industreis Ltd - India
- Malabar Cements Ltd - India
- Medco Energi Mining Internasional
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- Bhushan Steel Limited - India
- Coal and Oil Company - UAE
- Jindal Steel & Power Ltd - India
- Manunggal Multi Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Latin American Coal - Colombia
- Bukit Asam (Persero) Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- Bayan Resources Tbk. - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Gujarat Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- New Zealand Coal & Carbon
- SMC Global Power, Philippines
- Mjunction Services Limited - India
- Iligan Light & Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Rio Tinto Coal - Australia
- Straits Asia Resources Limited - Singapore
- Borneo Indobara - Indonesia
- The Treasury - Australian Government
- Parry Sugars Refinery, India
- Essar Steel Hazira Ltd - India
- Marubeni Corporation - India
- Singapore Mercantile Exchange
- San Jose City I Power Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Coalindo Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Vizag Seaport Private Limited - India
- Kideco Jaya Agung - Indonesia
- Makarim & Taira - Indonesia
- Indika Energy - Indonesia
- Ind-Barath Power Infra Limited - India
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