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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, 23 July 20
KOREAN GENCOS INVITED BIDS FOR TOTAL 1.36 MILLION TONS OF BITUMINOUS COAL FOR OCTOBER 2020 LOADING
COALspot.com: Korea Midland Power Co., Ltd (KOMIPO) on behalf of EWP, KOSPO, KOSEP and KOWEPO has issued an international tender for total 1,360,00 ...
Wednesday, 22 July 20
CIL'S COAL SUPPLY TO POWER SECTOR DROPS OVER 21% TO 93.5 MT IN APR-JUN QUARTER - PTI
The supply of coal by state-owned Coal India Ltd to the power sector fell 21.7 percent to 93.5 million tonnes (MT) in the first quarter of the ongo ...
Monday, 20 July 20
KOREA MIDLAND POWER INVITED BIDS FOR TOTAL 2.520 MILLION MT OF BITUMINOUS COAL FOR THREE YEARS
COALspot.com: Korea Midland Power Co., Ltd (KOMIPO), has issued an international tender for total 840,000 of Bituminous Coal to be used at Bo ...
Monday, 20 July 20
CHINA'S JUNE COAL OUTPUT FALLS 1.2% YEAR-ON-YEAR OVER ILLEGAL MINING CHECKS - REUTERS
China’s coal output dropped 1.2% in June on the year to 330 million tonnes, official data showed, as major coal mining areas cracked down on ...
Monday, 20 July 20
COAL INDIA LAUNCHES SPECIAL CATEGORY OF E-AUCTION FOR COAL IMPORTERS - BUSINESS STANDARD
Coal India (CIL) on Friday launched a special category of e-auction for importers of coal. This is in line with the government’s declaration ...
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- Global Green Power PLC Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Standard Chartered Bank - UAE
- Sinarmas Energy and Mining - Indonesia
- Australian Coal Association
- Bhatia International Limited - India
- Formosa Plastics Group - Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Bangladesh Power Developement Board
- Siam City Cement - Thailand
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Mintek Dendrill Indonesia
- Malabar Cements Ltd - India
- Larsen & Toubro Limited - India
- Central Java Power - Indonesia
- SMG Consultants - Indonesia
- IHS Mccloskey Coal Group - USA
- Karaikal Port Pvt Ltd - India
- Romanian Commodities Exchange
- Interocean Group of Companies - India
- Bayan Resources Tbk. - Indonesia
- Kumho Petrochemical, South Korea
- Thai Mozambique Logistica
- PTC India Limited - India
- Jindal Steel & Power Ltd - India
- Uttam Galva Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Miang Besar Coal Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Indian Energy Exchange, India
- Globalindo Alam Lestari - Indonesia
- Borneo Indobara - Indonesia
- Orica Mining Services - Indonesia
- Singapore Mercantile Exchange
- PetroVietnam Power Coal Import and Supply Company
- Kobexindo Tractors - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Binh Thuan Hamico - Vietnam
- Medco Energi Mining Internasional
- Xindia Steels Limited - India
- Meralco Power Generation, Philippines
- Altura Mining Limited, Indonesia
- Coalindo Energy - Indonesia
- Port Waratah Coal Services - Australia
- Sarangani Energy Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Vedanta Resources Plc - India
- Maharashtra Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- GAC Shipping (India) Pvt Ltd
- Aditya Birla Group - India
- Electricity Generating Authority of Thailand
- Directorate General of MIneral and Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Bukit Makmur.PT - Indonesia
- Wilmar Investment Holdings
- Makarim & Taira - Indonesia
- Planning Commission, India
- Wood Mackenzie - Singapore
- Central Electricity Authority - India
- PNOC Exploration Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Ministry of Mines - Canada
- PowerSource Philippines DevCo
- Semirara Mining Corp, Philippines
- Therma Luzon, Inc, Philippines
- Australian Commodity Traders Exchange
- Marubeni Corporation - India
- Ind-Barath Power Infra Limited - India
- Madhucon Powers Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Edison Trading Spa - Italy
- New Zealand Coal & Carbon
- Electricity Authority, New Zealand
- Thiess Contractors Indonesia
- Indika Energy - Indonesia
- Energy Link Ltd, New Zealand
- Gujarat Sidhee Cement - India
- TNB Fuel Sdn Bhd - Malaysia
- Intertek Mineral Services - Indonesia
- Ministry of Finance - Indonesia
- Banpu Public Company Limited - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Tata Chemicals Ltd - India
- Vizag Seaport Private Limited - India
- Jaiprakash Power Ventures ltd
- Rashtriya Ispat Nigam Limited - India
- White Energy Company Limited
- Barasentosa Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- Agrawal Coal Company - India
- Mercator Lines Limited - India
- LBH Netherlands Bv - Netherlands
- Manunggal Multi Energi - Indonesia
- Tamil Nadu electricity Board
- Bhushan Steel Limited - India
- Merrill Lynch Commodities Europe
- Coal and Oil Company - UAE
- Oldendorff Carriers - Singapore
- Global Business Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Trasteel International SA, Italy
- Kideco Jaya Agung - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Samtan Co., Ltd - South Korea
- Goldman Sachs - Singapore
- IEA Clean Coal Centre - UK
- Parry Sugars Refinery, India
- Independent Power Producers Association of India
- Indogreen Group - Indonesia
- Ministry of Transport, Egypt
- Salva Resources Pvt Ltd - India
- SMC Global Power, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Development Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- International Coal Ventures Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- The State Trading Corporation of India Ltd
- GVK Power & Infra Limited - India
- Antam Resourcindo - Indonesia
- Kaltim Prima Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Georgia Ports Authority, United States
- ASAPP Information Group - India
- VISA Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Indonesian Coal Mining Association
- Lanco Infratech Ltd - India
- Attock Cement Pakistan Limited
- Deloitte Consulting - India
- Petron Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- ICICI Bank Limited - India
- India Bulls Power Limited - India
- Carbofer General Trading SA - India
- Straits Asia Resources Limited - Singapore
- OPG Power Generation Pvt Ltd - India
- GMR Energy Limited - India
- Dalmia Cement Bharat India
- Latin American Coal - Colombia
- Bukit Asam (Persero) Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Parliament of New Zealand
- Bulk Trading Sa - Switzerland
- Indo Tambangraya Megah - Indonesia
- Sical Logistics Limited - India
- Heidelberg Cement - Germany
- Bhoruka Overseas - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement PLC, Thailand
- Savvy Resources Ltd - HongKong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rio Tinto Coal - Australia
- CIMB Investment Bank - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Neyveli Lignite Corporation Ltd, - India
- Coastal Gujarat Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- Mercuria Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Meenaskhi Energy Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Essar Steel Hazira Ltd - India
- Chettinad Cement Corporation Ltd - India
- Ambuja Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Bharathi Cement Corporation - India
- Orica Australia Pty. Ltd.
- Commonwealth Bank - Australia
- Indian Oil Corporation Limited
- Metalloyd Limited - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- London Commodity Brokers - England
- Eastern Coal Council - USA
- Videocon Industries ltd - India
- Africa Commodities Group - South Africa
- Directorate Of Revenue Intelligence - India
- MS Steel International - UAE
- Renaissance Capital - South Africa
- Aboitiz Power Corporation - Philippines
- Economic Council, Georgia
- Jorong Barutama Greston.PT - Indonesia
- Anglo American - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Sakthi Sugars Limited - India
- Pendopo Energi Batubara - Indonesia
- Posco Energy - South Korea
- Baramulti Group, Indonesia
- CNBM International Corporation - China
- Minerals Council of Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Grasim Industreis Ltd - India
- McConnell Dowell - Australia
- Star Paper Mills Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- The University of Queensland
- Iligan Light & Power Inc, Philippines
- The Treasury - Australian Government
- Holcim Trading Pte Ltd - Singapore
- Cement Manufacturers Association - India
- Eastern Energy - Thailand
- Mjunction Services Limited - India
- Chamber of Mines of South Africa
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