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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, 05 November 20
THE INDONESIA COAL PRICE REFERENCE RISES FOR SECOND CONSECUTIVE MONTH
COALspot.com: The Indonesia Coal Price Reference rose for a 2nd month by 9.24% month on month. The Indonesia Coal Price Reference for the month of ...
Wednesday, 04 November 20
PHILIPPINES COAL MORATORIUM HIGHLIGHTS DRAMATIC PIVOT TO RENEWABLE ENERGY INVESTMENT FOR LOWER PRICES AND POWER SYSTEM RESILIENCE - IEEFA
Policymakers and industry leaders ready to embrace new energy technologies
The Department of Energy’s call for a moratorium on ...
Wednesday, 04 November 20
FOREIGN INVESTORS FACE TOUGH TIMES CLOSING VIETNAM’S REMAINING COAL POWER DEALS - IEEFA
Project bankability at risk as new regulations threaten usual contractual terms
Foreign investors will face higher-than-usual risks ...
Wednesday, 04 November 20
MARKET INSIGHT - INTERMODAL
As the end of the year approaches, one would definitely notice that the newbuilding orderbook for bulk carriers is significantly smaller compared t ...
Monday, 02 November 20
PHILIPPINES GOVERNMENT SAYS NO TO NEW COAL PLANT PROPOSALS - IEEFA | 24 PILIPINAS
The Duterte administration will no longer accept proposals to construct new coal power plants, a dramatic shift in energy policy that counts on dec ...
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercator Lines Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- MS Steel International - UAE
- Electricity Authority, New Zealand
- Africa Commodities Group - South Africa
- Indonesian Coal Mining Association
- Bhushan Steel Limited - India
- Indogreen Group - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Rio Tinto Coal - Australia
- Goldman Sachs - Singapore
- Lanco Infratech Ltd - India
- Pendopo Energi Batubara - Indonesia
- IEA Clean Coal Centre - UK
- Vijayanagar Sugar Pvt Ltd - India
- Georgia Ports Authority, United States
- Ambuja Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coastal Gujarat Power Limited - India
- Energy Link Ltd, New Zealand
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- Riau Bara Harum - Indonesia
- Iligan Light & Power Inc, Philippines
- Thai Mozambique Logistica
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- Electricity Generating Authority of Thailand
- Ministry of Transport, Egypt
- Banpu Public Company Limited - Thailand
- Edison Trading Spa - Italy
- Petrochimia International Co. Ltd.- Taiwan
- Bhatia International Limited - India
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- Toyota Tsusho Corporation, Japan
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- SN Aboitiz Power Inc, Philippines
- Global Business Power Corporation, Philippines
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- Interocean Group of Companies - India
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- Bangladesh Power Developement Board
- GMR Energy Limited - India
- Therma Luzon, Inc, Philippines
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- Coalindo Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Orica Mining Services - Indonesia
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- Minerals Council of Australia
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- Central Electricity Authority - India
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- Bukit Makmur.PT - Indonesia
- Indian Oil Corporation Limited
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- Energy Development Corp, Philippines
- SMG Consultants - Indonesia
- McConnell Dowell - Australia
- Cement Manufacturers Association - India
- Krishnapatnam Port Company Ltd. - India
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- Larsen & Toubro Limited - India
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- Intertek Mineral Services - Indonesia
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- Carbofer General Trading SA - India
- Rashtriya Ispat Nigam Limited - India
- Meenaskhi Energy Private Limited - India
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- Petron Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Orica Australia Pty. Ltd.
- Indo Tambangraya Megah - Indonesia
- Baramulti Group, Indonesia
- Ministry of Mines - Canada
- Gujarat Mineral Development Corp Ltd - India
- Aboitiz Power Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Port Waratah Coal Services - Australia
- Oldendorff Carriers - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Savvy Resources Ltd - HongKong
- Barasentosa Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Borneo Indobara - Indonesia
- Latin American Coal - Colombia
- Deloitte Consulting - India
- Chamber of Mines of South Africa
- Singapore Mercantile Exchange
- Eastern Energy - Thailand
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- Australian Coal Association
- Medco Energi Mining Internasional
- PTC India Limited - India
- Salva Resources Pvt Ltd - India
- Xindia Steels Limited - India
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- Renaissance Capital - South Africa
- Semirara Mining Corp, Philippines
- Economic Council, Georgia
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- Kohat Cement Company Ltd. - Pakistan
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- Sakthi Sugars Limited - India
- Meralco Power Generation, Philippines
- International Coal Ventures Pvt Ltd - India
- White Energy Company Limited
- Alfred C Toepfer International GmbH - Germany
- Planning Commission, India
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- Bukit Baiduri Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- VISA Power Limited - India
- Sindya Power Generating Company Private Ltd
- London Commodity Brokers - England
- Altura Mining Limited, Indonesia
- Price Waterhouse Coopers - Russia
- Mintek Dendrill Indonesia
- Makarim & Taira - Indonesia
- SMC Global Power, Philippines
- India Bulls Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Bulk Trading Sa - Switzerland
- Mercuria Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Sojitz Corporation - Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Billiton Holdings Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Antam Resourcindo - Indonesia
- Maheswari Brothers Coal Limited - India
- CNBM International Corporation - China
- IHS Mccloskey Coal Group - USA
- Leighton Contractors Pty Ltd - Australia
- Agrawal Coal Company - India
- Holcim Trading Pte Ltd - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Formosa Plastics Group - Taiwan
- Parliament of New Zealand
- Australian Commodity Traders Exchange
- TeaM Sual Corporation - Philippines
- Ministry of Finance - Indonesia
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- Tamil Nadu electricity Board
- Kaltim Prima Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- GVK Power & Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Parry Sugars Refinery, India
- Grasim Industreis Ltd - India
- CIMB Investment Bank - Malaysia
- The Treasury - Australian Government
- OPG Power Generation Pvt Ltd - India
- Anglo American - United Kingdom
- Wood Mackenzie - Singapore
- Kumho Petrochemical, South Korea
- Eastern Coal Council - USA
- Siam City Cement PLC, Thailand
- Semirara Mining and Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Independent Power Producers Association of India
- Chettinad Cement Corporation Ltd - India
- European Bulk Services B.V. - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Metalloyd Limited - United Kingdom
- Indian Energy Exchange, India
- Directorate General of MIneral and Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Cigading International Bulk Terminal - Indonesia
- ICICI Bank Limited - India
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- AsiaOL BioFuels Corp., Philippines
- The State Trading Corporation of India Ltd
- Binh Thuan Hamico - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement - Thailand
- The University of Queensland
- Indika Energy - Indonesia
- Romanian Commodities Exchange
- Trasteel International SA, Italy
- Bhoruka Overseas - Indonesia
- PowerSource Philippines DevCo
- Manunggal Multi Energi - Indonesia
- Gujarat Sidhee Cement - India
- Commonwealth Bank - Australia
- Videocon Industries ltd - India
- Essar Steel Hazira Ltd - India
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
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- Merrill Lynch Commodities Europe
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- Vizag Seaport Private Limited - India
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- Karbindo Abesyapradhi - Indoneisa
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