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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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Monday, 25 January 21
ULTRAMAX YET ANOTHER POSITIVE WEEK FOR THE SECTOR, WHICH SAW INCREASED DEMAND ACROSS ALL BASINS - BALTIC BRIEFING
Capesize
The Capesize market rocked and rolled these past few days. But by weeks end little had changed on the Capesize 5TC as it settled down ...
Monday, 25 January 21
NEW LAW IN CALIFORNIA, USA, AFFECTING SHIPOWNERS' LIABILITY FOR OIL POLLUTION - BIMCO
Members are advised that amendments to the so-called Lempert-Keene-Seastrand Oil Spill Prevention and Response Act of 1990 in the State of Californ ...
Monday, 25 January 21
COAL INDIA SAYS GEARED UP TO MEET SURGE IN FUEL DEMAND FROM POWER SECTOR - PTI
State-owned Coal India Ltd on Saturday said that it is well geared to meet any surge in demand for coal from the power sector.
The s ...
Sunday, 24 January 21
GOVT ASSURES COAL INDIA OF 'FULL SUPPORT', STRESSES ON LEARNING 'NEW THINGS' - PTI
Coal Minister Pralhad Joshi assured Coal India of full government support, even as he said the PSU needs to learn “new things” for impr ...
Saturday, 23 January 21
GOVT PLANNING TO OPEN UP COAL MARKETING TO STREAMLINE PROCESS - THE INDIAN EXPRESS
The government is considering opening up coal marketing, Coal Secretary Anil Kumar Jain said on Thursday. Currently, production by Coal India is al ...
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- Carbofer General Trading SA - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bharathi Cement Corporation - India
- Mercuria Energy - Indonesia
- Aditya Birla Group - India
- Chamber of Mines of South Africa
- Iligan Light & Power Inc, Philippines
- Cement Manufacturers Association - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Siam City Cement PLC, Thailand
- Deloitte Consulting - India
- Jorong Barutama Greston.PT - Indonesia
- ASAPP Information Group - India
- Ministry of Mines - Canada
- Bayan Resources Tbk. - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Chettinad Cement Corporation Ltd - India
- Indian Oil Corporation Limited
- Rio Tinto Coal - Australia
- Formosa Plastics Group - Taiwan
- Rashtriya Ispat Nigam Limited - India
- Samtan Co., Ltd - South Korea
- Energy Development Corp, Philippines
- Jindal Steel & Power Ltd - India
- Thiess Contractors Indonesia
- PTC India Limited - India
- Thai Mozambique Logistica
- Australian Coal Association
- Holcim Trading Pte Ltd - Singapore
- Coastal Gujarat Power Limited - India
- Anglo American - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Altura Mining Limited, Indonesia
- MS Steel International - UAE
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- ICICI Bank Limited - India
- New Zealand Coal & Carbon
- Latin American Coal - Colombia
- Africa Commodities Group - South Africa
- Tamil Nadu electricity Board
- Star Paper Mills Limited - India
- Gujarat Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Salva Resources Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Madhucon Powers Ltd - India
- Malabar Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Sical Logistics Limited - India
- Makarim & Taira - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Wilmar Investment Holdings
- Videocon Industries ltd - India
- Romanian Commodities Exchange
- Indo Tambangraya Megah - Indonesia
- Wood Mackenzie - Singapore
- CNBM International Corporation - China
- Sojitz Corporation - Japan
- Kohat Cement Company Ltd. - Pakistan
- Leighton Contractors Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Therma Luzon, Inc, Philippines
- Essar Steel Hazira Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Global Coal Blending Company Limited - Australia
- Minerals Council of Australia
- Kartika Selabumi Mining - Indonesia
- Posco Energy - South Korea
- Global Green Power PLC Corporation, Philippines
- Georgia Ports Authority, United States
- Indian Energy Exchange, India
- Globalindo Alam Lestari - Indonesia
- Bhatia International Limited - India
- India Bulls Power Limited - India
- Grasim Industreis Ltd - India
- Barasentosa Lestari - Indonesia
- GMR Energy Limited - India
- Ministry of Transport, Egypt
- South Luzon Thermal Energy Corporation
- Australian Commodity Traders Exchange
- Economic Council, Georgia
- Bhushan Steel Limited - India
- Standard Chartered Bank - UAE
- Karaikal Port Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Power Finance Corporation Ltd., India
- London Commodity Brokers - England
- Sakthi Sugars Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Renaissance Capital - South Africa
- Sarangani Energy Corporation, Philippines
- Indogreen Group - Indonesia
- Trasteel International SA, Italy
- Sree Jayajothi Cements Limited - India
- OPG Power Generation Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- PNOC Exploration Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- IEA Clean Coal Centre - UK
- Kalimantan Lumbung Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Billiton Holdings Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Planning Commission, India
- Meenaskhi Energy Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Coalindo Energy - Indonesia
- Global Business Power Corporation, Philippines
- Coal and Oil Company - UAE
- Gujarat Sidhee Cement - India
- Manunggal Multi Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Simpson Spence & Young - Indonesia
- Oldendorff Carriers - Singapore
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- Semirara Mining Corp, Philippines
- Larsen & Toubro Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement - Thailand
- Aboitiz Power Corporation - Philippines
- Tata Chemicals Ltd - India
- Merrill Lynch Commodities Europe
- The University of Queensland
- Kideco Jaya Agung - Indonesia
- Baramulti Group, Indonesia
- Lanco Infratech Ltd - India
- Jaiprakash Power Ventures ltd
- Ambuja Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- The State Trading Corporation of India Ltd
- GN Power Mariveles Coal Plant, Philippines
- Edison Trading Spa - Italy
- Antam Resourcindo - Indonesia
- International Coal Ventures Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMC Global Power, Philippines
- Kumho Petrochemical, South Korea
- Orica Mining Services - Indonesia
- Bangladesh Power Developement Board
- Orica Australia Pty. Ltd.
- Riau Bara Harum - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Binh Thuan Hamico - Vietnam
- Parry Sugars Refinery, India
- Bhoruka Overseas - Indonesia
- Petron Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Directorate General of MIneral and Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Marubeni Corporation - India
- Vedanta Resources Plc - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Straits Asia Resources Limited - Singapore
- Meralco Power Generation, Philippines
- Medco Energi Mining Internasional
- Eastern Coal Council - USA
- Kepco SPC Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- GVK Power & Infra Limited - India
- The Treasury - Australian Government
- Uttam Galva Steels Limited - India
- Indonesian Coal Mining Association
- Eastern Energy - Thailand
- Dalmia Cement Bharat India
- Independent Power Producers Association of India
- White Energy Company Limited
- Port Waratah Coal Services - Australia
- Heidelberg Cement - Germany
- Parliament of New Zealand
- Timah Investasi Mineral - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Singapore Mercantile Exchange
- Sinarmas Energy and Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Attock Cement Pakistan Limited
- Agrawal Coal Company - India
- Mercator Lines Limited - India
- Kobexindo Tractors - Indoneisa
- Mjunction Services Limited - India
- Mintek Dendrill Indonesia
- Intertek Mineral Services - Indonesia
- Central Electricity Authority - India
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Finance - Indonesia
- Banpu Public Company Limited - Thailand
- SN Aboitiz Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Indika Energy - Indonesia
- Interocean Group of Companies - India
- Energy Link Ltd, New Zealand
- Commonwealth Bank - Australia
- PowerSource Philippines DevCo
- Goldman Sachs - Singapore
- Electricity Authority, New Zealand
- McConnell Dowell - Australia
- SMG Consultants - Indonesia
- European Bulk Services B.V. - Netherlands
- Vizag Seaport Private Limited - India
- Metalloyd Limited - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- GAC Shipping (India) Pvt Ltd
- Electricity Generating Authority of Thailand
- Maheswari Brothers Coal Limited - India
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