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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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Saturday, 06 June 20
KOREA SOUTH-EAST POWER CO INVITED COAL BIDS FOR MIN 5600 NCV COAL
COALspot.com: South Korea’s KOREA SOUTH-EAST POWER CO., LTD. (KOEN) has issued an international tender for 270,000 Tons (MT) min. 5600 NCV co ...
Friday, 05 June 20
COAL INDIA ESTIMATES PRODUCTION GROWTH BY OVERBURDEN REMOVAL - FINANCIAL EXPRESS
PSU miner Coal India (CIL) has now limited mining only to Overburden Removal (OBR) with falling demand of coal. The mining behemoth is now keeping ...
Friday, 05 June 20
U.S. SANCTIONS COMPLIANCE GUIDANCE RELEASED FOR THE GLOBAL MARITIME, ENERGY AND METALS SECTORS - AKIN GUMP
Key Points
On May 14, 2020, OFAC, the Department of State and the U.S. Coast Guard jointly released guidance for persons involved in the ma ...
Friday, 05 June 20
IN THE FIRST 5 MONTHS OF 2020 AUSTRALIA SHIPPED 6.8 MLN TONNES TO VIETNAM - BANCHERO COSTA
In the first 5 months of 2020, global seaborne coal trade declined by as much as -8% year-on-year, according to vessel tracking data from Ref ...
Thursday, 04 June 20
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
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- Tata Chemicals Ltd - India
- Ministry of Transport, Egypt
- India Bulls Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Global Coal Blending Company Limited - Australia
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- Globalindo Alam Lestari - Indonesia
- Bharathi Cement Corporation - India
- Formosa Plastics Group - Taiwan
- Riau Bara Harum - Indonesia
- Thiess Contractors Indonesia
- Maheswari Brothers Coal Limited - India
- Bukit Baiduri Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Power Finance Corporation Ltd., India
- The Treasury - Australian Government
- Gujarat Sidhee Cement - India
- Holcim Trading Pte Ltd - Singapore
- Agrawal Coal Company - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Energy Development Corp, Philippines
- Mjunction Services Limited - India
- Carbofer General Trading SA - India
- Sindya Power Generating Company Private Ltd
- Orica Australia Pty. Ltd.
- Vijayanagar Sugar Pvt Ltd - India
- Central Electricity Authority - India
- Pipit Mutiara Jaya. PT, Indonesia
- Anglo American - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- White Energy Company Limited
- Indian Oil Corporation Limited
- Merrill Lynch Commodities Europe
- Indo Tambangraya Megah - Indonesia
- Baramulti Group, Indonesia
- Antam Resourcindo - Indonesia
- Ministry of Finance - Indonesia
- Wilmar Investment Holdings
- Australian Commodity Traders Exchange
- Kaltim Prima Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Bhoruka Overseas - Indonesia
- Sarangani Energy Corporation, Philippines
- Altura Mining Limited, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Savvy Resources Ltd - HongKong
- Eastern Coal Council - USA
- IEA Clean Coal Centre - UK
- Intertek Mineral Services - Indonesia
- Videocon Industries ltd - India
- Tamil Nadu electricity Board
- Kepco SPC Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Malabar Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- The State Trading Corporation of India Ltd
- Madhucon Powers Ltd - India
- Makarim & Taira - Indonesia
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
- Metalloyd Limited - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- McConnell Dowell - Australia
- Singapore Mercantile Exchange
- SN Aboitiz Power Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Eastern Energy - Thailand
- Indian Energy Exchange, India
- Marubeni Corporation - India
- IHS Mccloskey Coal Group - USA
- Chettinad Cement Corporation Ltd - India
- Parliament of New Zealand
- Kapuas Tunggal Persada - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement PLC, Thailand
- Salva Resources Pvt Ltd - India
- Aditya Birla Group - India
- Bangladesh Power Developement Board
- Bukit Makmur.PT - Indonesia
- Indonesian Coal Mining Association
- PNOC Exploration Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Bayan Resources Tbk. - Indonesia
- Price Waterhouse Coopers - Russia
- Ceylon Electricity Board - Sri Lanka
- Coalindo Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- Coastal Gujarat Power Limited - India
- MS Steel International - UAE
- GAC Shipping (India) Pvt Ltd
- Star Paper Mills Limited - India
- London Commodity Brokers - England
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhatia International Limited - India
- Parry Sugars Refinery, India
- Bulk Trading Sa - Switzerland
- Thai Mozambique Logistica
- OPG Power Generation Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Georgia Ports Authority, United States
- Sojitz Corporation - Japan
- PTC India Limited - India
- Commonwealth Bank - Australia
- Pendopo Energi Batubara - Indonesia
- ICICI Bank Limited - India
- The University of Queensland
- Timah Investasi Mineral - Indoneisa
- Ambuja Cements Ltd - India
- Port Waratah Coal Services - Australia
- Simpson Spence & Young - Indonesia
- Banpu Public Company Limited - Thailand
- Renaissance Capital - South Africa
- Kobexindo Tractors - Indoneisa
- Trasteel International SA, Italy
- Meralco Power Generation, Philippines
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Global Business Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Xindia Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Barasentosa Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- AsiaOL BioFuels Corp., Philippines
- Sinarmas Energy and Mining - Indonesia
- Australian Coal Association
- Kumho Petrochemical, South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- CIMB Investment Bank - Malaysia
- Sree Jayajothi Cements Limited - India
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Indogreen Group - Indonesia
- Africa Commodities Group - South Africa
- Kohat Cement Company Ltd. - Pakistan
- Rio Tinto Coal - Australia
- Posco Energy - South Korea
- VISA Power Limited - India
- Deloitte Consulting - India
- GMR Energy Limited - India
- Independent Power Producers Association of India
- Petron Corporation, Philippines
- Goldman Sachs - Singapore
- Vizag Seaport Private Limited - India
- Mercuria Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Indika Energy - Indonesia
- Siam City Cement - Thailand
- Jindal Steel & Power Ltd - India
- GVK Power & Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Oldendorff Carriers - Singapore
- Sakthi Sugars Limited - India
- Medco Energi Mining Internasional
- Semirara Mining and Power Corporation, Philippines
- CNBM International Corporation - China
- Samtan Co., Ltd - South Korea
- Borneo Indobara - Indonesia
- Wood Mackenzie - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Romanian Commodities Exchange
- Lanco Infratech Ltd - India
- Mercator Lines Limited - India
- Ind-Barath Power Infra Limited - India
- SMG Consultants - Indonesia
- Electricity Generating Authority of Thailand
- Vedanta Resources Plc - India
- Binh Thuan Hamico - Vietnam
- Electricity Authority, New Zealand
- Meenaskhi Energy Private Limited - India
- Planning Commission, India
- Minerals Council of Australia
- Coal and Oil Company - UAE
- New Zealand Coal & Carbon
- Leighton Contractors Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Central Java Power - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Ministry of Mines - Canada
- Cement Manufacturers Association - India
- Aboitiz Power Corporation - Philippines
- PowerSource Philippines DevCo
- Cigading International Bulk Terminal - Indonesia
- Latin American Coal - Colombia
- Heidelberg Cement - Germany
- Sical Logistics Limited - India
- Chamber of Mines of South Africa
- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
- European Bulk Services B.V. - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Mining Services - Indonesia
- Attock Cement Pakistan Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Economic Council, Georgia
- Interocean Group of Companies - India
- Standard Chartered Bank - UAE
- International Coal Ventures Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- ASAPP Information Group - India
- Kartika Selabumi Mining - Indonesia
- Edison Trading Spa - Italy
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