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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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Friday, 05 January 24
BANGLADESH’S 2023 COAL-FIRED POWER OUTPUT TRIPLED, EASING SHORTAGES - REUTERS
Bangladesh nearly tripled its coal-fired power output in 2023, a Reuters analysis of government data showed, helping it tide over the worst power s ...
Tuesday, 02 January 24
COAL TRADE CONTINUES TO HEAD EAST - BALTIC EXCHANGE
The global coal trade, once concentrated in the Pacific and Atlantic basins, is undergoing a significant transformation, as highlighted in the Inte ...
Tuesday, 02 January 24
COAL CARGOES: AVOIDING EXPLOSION AND SELF-HEATING - GARD
KNOWLEDGE TO ELEVATE
Despite its contribution to greenhouse gas emissions, global coal consumption climbed to an all-time high in 2022 and is ...
Tuesday, 02 January 24
SINOPEC FORECASTS CHINA’S COAL CONSUMPTION TO PEAK AROUND 2025 - REUTERS
China Petrochemical Corp, or Sinopec, expects coal consumption to peak around 2025 at 4.37 billion metric tons, the state energy group said in an o ...
Thursday, 07 December 23
CHINA TO SET UP COAL PRODUCTION RESERVE TO STABILISE PRICES - REUTERS
China will establish a back-up coal production system by 2027 to stabilise prices and secure coal supply, the state planner said on Wednesday, even ...
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thiess Contractors Indonesia
- Rashtriya Ispat Nigam Limited - India
- Agrawal Coal Company - India
- Kumho Petrochemical, South Korea
- VISA Power Limited - India
- Eastern Coal Council - USA
- Ambuja Cements Ltd - India
- Energy Link Ltd, New Zealand
- Meenaskhi Energy Private Limited - India
- Mercator Lines Limited - India
- International Coal Ventures Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- The Treasury - Australian Government
- SMG Consultants - Indonesia
- OPG Power Generation Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Australian Coal Association
- Mercuria Energy - Indonesia
- Tamil Nadu electricity Board
- Petron Corporation, Philippines
- Bangladesh Power Developement Board
- Central Java Power - Indonesia
- Global Coal Blending Company Limited - Australia
- Heidelberg Cement - Germany
- Sical Logistics Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- Directorate Of Revenue Intelligence - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indogreen Group - Indonesia
- Indonesian Coal Mining Association
- Global Green Power PLC Corporation, Philippines
- Uttam Galva Steels Limited - India
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- Leighton Contractors Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- ICICI Bank Limited - India
- PNOC Exploration Corporation - Philippines
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Ministry of Mines - Canada
- Mintek Dendrill Indonesia
- Thai Mozambique Logistica
- Minerals Council of Australia
- Merrill Lynch Commodities Europe
- Gujarat Mineral Development Corp Ltd - India
- Krishnapatnam Port Company Ltd. - India
- PetroVietnam Power Coal Import and Supply Company
- Intertek Mineral Services - Indonesia
- Coal and Oil Company - UAE
- Indian Oil Corporation Limited
- Madhucon Powers Ltd - India
- Commonwealth Bank - Australia
- Price Waterhouse Coopers - Russia
- Maharashtra Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Sindya Power Generating Company Private Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Mjunction Services Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- San Jose City I Power Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rio Tinto Coal - Australia
- Anglo American - United Kingdom
- Sree Jayajothi Cements Limited - India
- European Bulk Services B.V. - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- GVK Power & Infra Limited - India
- Planning Commission, India
- Jaiprakash Power Ventures ltd
- Standard Chartered Bank - UAE
- Latin American Coal - Colombia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- MS Steel International - UAE
- Bukit Baiduri Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Energy - Thailand
- Bhatia International Limited - India
- Grasim Industreis Ltd - India
- Chettinad Cement Corporation Ltd - India
- Star Paper Mills Limited - India
- Larsen & Toubro Limited - India
- Globalindo Alam Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Antam Resourcindo - Indonesia
- The University of Queensland
- Sakthi Sugars Limited - India
- Bulk Trading Sa - Switzerland
- Medco Energi Mining Internasional
- Neyveli Lignite Corporation Ltd, - India
- SMC Global Power, Philippines
- Xindia Steels Limited - India
- CIMB Investment Bank - Malaysia
- Bukit Makmur.PT - Indonesia
- Vizag Seaport Private Limited - India
- Kideco Jaya Agung - Indonesia
- Ministry of Finance - Indonesia
- Riau Bara Harum - Indonesia
- PTC India Limited - India
- Iligan Light & Power Inc, Philippines
- ASAPP Information Group - India
- Aditya Birla Group - India
- Trasteel International SA, Italy
- Billiton Holdings Pty Ltd - Australia
- Parry Sugars Refinery, India
- CNBM International Corporation - China
- London Commodity Brokers - England
- Chamber of Mines of South Africa
- Kalimantan Lumbung Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Mining Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Holcim Trading Pte Ltd - Singapore
- Marubeni Corporation - India
- Coastal Gujarat Power Limited - India
- Romanian Commodities Exchange
- Ceylon Electricity Board - Sri Lanka
- Videocon Industries ltd - India
- Goldman Sachs - Singapore
- Malabar Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Vedanta Resources Plc - India
- Oldendorff Carriers - Singapore
- Orica Australia Pty. Ltd.
- Bayan Resources Tbk. - Indonesia
- Therma Luzon, Inc, Philippines
- Borneo Indobara - Indonesia
- Central Electricity Authority - India
- Jorong Barutama Greston.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Economic Council, Georgia
- GN Power Mariveles Coal Plant, Philippines
- India Bulls Power Limited - India
- Indian Energy Exchange, India
- Kohat Cement Company Ltd. - Pakistan
- AsiaOL BioFuels Corp., Philippines
- Kapuas Tunggal Persada - Indonesia
- Altura Mining Limited, Indonesia
- Indo Tambangraya Megah - Indonesia
- Coalindo Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Africa Commodities Group - South Africa
- Power Finance Corporation Ltd., India
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Semirara Mining Corp, Philippines
- McConnell Dowell - Australia
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement PLC, Thailand
- The State Trading Corporation of India Ltd
- Karaikal Port Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Kobexindo Tractors - Indoneisa
- Essar Steel Hazira Ltd - India
- Barasentosa Lestari - Indonesia
- Indika Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Attock Cement Pakistan Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Edison Trading Spa - Italy
- IHS Mccloskey Coal Group - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Singapore Mercantile Exchange
- Baramulti Group, Indonesia
- Bhoruka Overseas - Indonesia
- Electricity Authority, New Zealand
- IEA Clean Coal Centre - UK
- Siam City Cement - Thailand
- Alfred C Toepfer International GmbH - Germany
- Parliament of New Zealand
- New Zealand Coal & Carbon
- Posco Energy - South Korea
- Miang Besar Coal Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Bhushan Steel Limited - India
- Interocean Group of Companies - India
- Georgia Ports Authority, United States
- Wilmar Investment Holdings
- Timah Investasi Mineral - Indoneisa
- Straits Asia Resources Limited - Singapore
- TeaM Sual Corporation - Philippines
- Energy Development Corp, Philippines
- Jindal Steel & Power Ltd - India
- Dalmia Cement Bharat India
- Independent Power Producers Association of India
- Tata Chemicals Ltd - India
- GMR Energy Limited - India
- White Energy Company Limited
- SN Aboitiz Power Inc, Philippines
- Australian Commodity Traders Exchange
- Carbofer General Trading SA - India
- Salva Resources Pvt Ltd - India
- Cement Manufacturers Association - India
- Gujarat Sidhee Cement - India
- Lanco Infratech Ltd - India
- Port Waratah Coal Services - Australia
- Meralco Power Generation, Philippines
- Deloitte Consulting - India
- Renaissance Capital - South Africa
- Gujarat Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Sarangani Energy Corporation, Philippines
- Ind-Barath Power Infra Limited - India
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