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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, 06 August 20
SUPRAMAX MARKET CONTINUED SIDEWAYS TREND, AND LITTLE INSPIRING NEWS APPEAR - FEARNLEYS
Capesize
There is presently a small correction in rates, but overall levels are up from previous week mainly due to increased demand in the Eas ...
Thursday, 06 August 20
KOREA SOUTH-EAST POWER INVITING BIDS FOR MIN 3,600-MAX 3,800 NCV COAL
COALspot.com: South Korea’s KOREA SOUTH-EAST POWER CO., LTD. (KOEN) inviting bids for 80,000 Tons (MT) Min 3,600~Max 3,800 kcal/kg NCV coal f ...
Wednesday, 05 August 20
NO NEW MINING LICENSES - A REMINDER TO GOVERNORS IN INDONESIA - SSEK
Indonesia’s acting Director General of Mining and Coal (“DGMC”) has issued a letter to the country’s provincial Governors t ...
Wednesday, 05 August 20
AUGUST 2020 HBA HITTING ITS LOWEST LEVELS IN HISTORY
COALspot.com: The Indonesia Coal Price Reference for the month of August plunged 30.73% YoY, hitting its lowest levels in history and highlighting ...
Wednesday, 05 August 20
SLUMP IN OIL REVENUE CHALLENGES MIDDLE EAST OIL EXPORTERS - INTERMODAL
The Covid-19 pandemic has had far-reaching consequences on the global capital markets. Despite the US government’s efforts for a quick and de ...
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- Intertek Mineral Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Barasentosa Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Renaissance Capital - South Africa
- Kartika Selabumi Mining - Indonesia
- Planning Commission, India
- Maharashtra Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Larsen & Toubro Limited - India
- Malabar Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Marubeni Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Thiess Contractors Indonesia
- Bulk Trading Sa - Switzerland
- Karbindo Abesyapradhi - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Aboitiz Power Corporation - Philippines
- Eastern Coal Council - USA
- Singapore Mercantile Exchange
- Siam City Cement - Thailand
- Wood Mackenzie - Singapore
- Thai Mozambique Logistica
- Africa Commodities Group - South Africa
- Mercuria Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- CIMB Investment Bank - Malaysia
- Indo Tambangraya Megah - Indonesia
- VISA Power Limited - India
- Eastern Energy - Thailand
- Metalloyd Limited - United Kingdom
- Siam City Cement PLC, Thailand
- Electricity Authority, New Zealand
- Sojitz Corporation - Japan
- Anglo American - United Kingdom
- Posco Energy - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- San Jose City I Power Corp, Philippines
- Rio Tinto Coal - Australia
- Aditya Birla Group - India
- Kumho Petrochemical, South Korea
- India Bulls Power Limited - India
- Sarangani Energy Corporation, Philippines
- Indian Oil Corporation Limited
- Indian Energy Exchange, India
- Commonwealth Bank - Australia
- Tamil Nadu electricity Board
- SN Aboitiz Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vedanta Resources Plc - India
- Baramulti Group, Indonesia
- Economic Council, Georgia
- Kideco Jaya Agung - Indonesia
- Salva Resources Pvt Ltd - India
- Grasim Industreis Ltd - India
- MS Steel International - UAE
- PowerSource Philippines DevCo
- ASAPP Information Group - India
- Parliament of New Zealand
- Borneo Indobara - Indonesia
- Ministry of Finance - Indonesia
- Sinarmas Energy and Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMG Consultants - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- The State Trading Corporation of India Ltd
- Dalmia Cement Bharat India
- Kohat Cement Company Ltd. - Pakistan
- IHS Mccloskey Coal Group - USA
- GVK Power & Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Indogreen Group - Indonesia
- Edison Trading Spa - Italy
- Oldendorff Carriers - Singapore
- Videocon Industries ltd - India
- Ministry of Transport, Egypt
- Port Waratah Coal Services - Australia
- PNOC Exploration Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Wilmar Investment Holdings
- Jaiprakash Power Ventures ltd
- Power Finance Corporation Ltd., India
- Interocean Group of Companies - India
- Meralco Power Generation, Philippines
- Sakthi Sugars Limited - India
- Ambuja Cements Ltd - India
- Energy Link Ltd, New Zealand
- Samtan Co., Ltd - South Korea
- Orica Mining Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Indonesian Coal Mining Association
- Neyveli Lignite Corporation Ltd, - India
- Meenaskhi Energy Private Limited - India
- Kaltim Prima Coal - Indonesia
- McConnell Dowell - Australia
- Gujarat Sidhee Cement - India
- Orica Australia Pty. Ltd.
- Mintek Dendrill Indonesia
- Karaikal Port Pvt Ltd - India
- GMR Energy Limited - India
- Vizag Seaport Private Limited - India
- Antam Resourcindo - Indonesia
- Georgia Ports Authority, United States
- International Coal Ventures Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Jindal Steel & Power Ltd - India
- Indika Energy - Indonesia
- Tata Chemicals Ltd - India
- Simpson Spence & Young - Indonesia
- Semirara Mining Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Lanco Infratech Ltd - India
- GAC Shipping (India) Pvt Ltd
- Mercator Lines Limited - India
- Essar Steel Hazira Ltd - India
- Mjunction Services Limited - India
- Bukit Baiduri Energy - Indonesia
- Medco Energi Mining Internasional
- CNBM International Corporation - China
- AsiaOL BioFuels Corp., Philippines
- Globalindo Alam Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Petrochimia International Co. Ltd.- Taiwan
- Central Electricity Authority - India
- Central Java Power - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Australian Commodity Traders Exchange
- LBH Netherlands Bv - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Goldman Sachs - Singapore
- Star Paper Mills Limited - India
- Bhoruka Overseas - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TNB Fuel Sdn Bhd - Malaysia
- Ind-Barath Power Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Straits Asia Resources Limited - Singapore
- Carbofer General Trading SA - India
- Coalindo Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- SMC Global Power, Philippines
- OPG Power Generation Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Energy Development Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Romanian Commodities Exchange
- Cement Manufacturers Association - India
- Bharathi Cement Corporation - India
- The University of Queensland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chettinad Cement Corporation Ltd - India
- Sical Logistics Limited - India
- Makarim & Taira - Indonesia
- Pendopo Energi Batubara - Indonesia
- Therma Luzon, Inc, Philippines
- Bhatia International Limited - India
- Kapuas Tunggal Persada - Indonesia
- Independent Power Producers Association of India
- Sree Jayajothi Cements Limited - India
- Petron Corporation, Philippines
- Global Business Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Bangladesh Power Developement Board
- Price Waterhouse Coopers - Russia
- Altura Mining Limited, Indonesia
- Madhucon Powers Ltd - India
- Coastal Gujarat Power Limited - India
- PTC India Limited - India
- New Zealand Coal & Carbon
- Iligan Light & Power Inc, Philippines
- Standard Chartered Bank - UAE
- Heidelberg Cement - Germany
- Minerals Council of Australia
- Manunggal Multi Energi - Indonesia
- Trasteel International SA, Italy
- Banpu Public Company Limited - Thailand
- Parry Sugars Refinery, India
- Coal and Oil Company - UAE
- Holcim Trading Pte Ltd - Singapore
- Bhushan Steel Limited - India
- Rashtriya Ispat Nigam Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Chamber of Mines of South Africa
- IEA Clean Coal Centre - UK
- Merrill Lynch Commodities Europe
- Latin American Coal - Colombia
- Global Coal Blending Company Limited - Australia
- Kobexindo Tractors - Indoneisa
- ICICI Bank Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Electricity Generating Authority of Thailand
- Savvy Resources Ltd - HongKong
- White Energy Company Limited
- Maheswari Brothers Coal Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- The Treasury - Australian Government
- Xindia Steels Limited - India
- Agrawal Coal Company - India
- PetroVietnam Power Coal Import and Supply Company
- Toyota Tsusho Corporation, Japan
- Deloitte Consulting - India
- Leighton Contractors Pty Ltd - Australia
- London Commodity Brokers - England
- Ministry of Mines - Canada
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