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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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Tuesday, 02 June 20
THE HISTORIC DECLINE OF US COAL - WOOD MACKENZIE
The first commercial power plant in the US was Thomas Edison’s coal-fired Pearl Street station in lower Manhattan, which started operating in ...
Tuesday, 02 June 20
COAL INDIA'S MAY SALES DRIVEN SHARPLY LOWER BY SLUMP IN POWER DEMAND - REUTER
Coal India’s sales fell 23.3% in May as utilities refrained from purchases amid record stockpiles and tepid demand because of a nationwide lo ...
Tuesday, 02 June 20
TUAH TURANGGA AGUNG RECORDED 4.54 MILLION TONS OF COAL SALES IN THE FIRST FOUR MONTHS OF 2020
PT United Tractors Tbk through its subsidiary, PT Tuah Turangga Agung recorded 4.54 million tons of coal sales in the first four months of 2020, up ...
Tuesday, 02 June 20
SOURING SINO-AUSTRALIA TRADE RELATIONS - BALTIC EXCHANGE
Cooling relations between the commodity powerhouses of China and Australia may point to trade troubles ahead when the world emerges from the Covid- ...
Tuesday, 02 June 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.86 PCT - XINHUA
China Taiyuan coal transaction price index stood at 123.95 points Monday, down 0.86 percent week on week.
The index, released by Chi ...
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- Holcim Trading Pte Ltd - Singapore
- Maharashtra Electricity Regulatory Commission - India
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- Parliament of New Zealand
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- Sarangani Energy Corporation, Philippines
- Semirara Mining Corp, Philippines
- Mercuria Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- MS Steel International - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
- PowerSource Philippines DevCo
- Neyveli Lignite Corporation Ltd, - India
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- Aboitiz Power Corporation - Philippines
- Eastern Energy - Thailand
- Heidelberg Cement - Germany
- SN Aboitiz Power Inc, Philippines
- New Zealand Coal & Carbon
- Chamber of Mines of South Africa
- Orica Australia Pty. Ltd.
- Siam City Cement PLC, Thailand
- Price Waterhouse Coopers - Russia
- Baramulti Group, Indonesia
- Kumho Petrochemical, South Korea
- Eastern Coal Council - USA
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- Larsen & Toubro Limited - India
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- Jindal Steel & Power Ltd - India
- Independent Power Producers Association of India
- Thiess Contractors Indonesia
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- Wilmar Investment Holdings
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- Global Coal Blending Company Limited - Australia
- Indian Energy Exchange, India
- The Treasury - Australian Government
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Bhushan Steel Limited - India
- Ministry of Transport, Egypt
- Mjunction Services Limited - India
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- Electricity Generating Authority of Thailand
- Trasteel International SA, Italy
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- TNB Fuel Sdn Bhd - Malaysia
- PNOC Exploration Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
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- Star Paper Mills Limited - India
- Sical Logistics Limited - India
- Binh Thuan Hamico - Vietnam
- Renaissance Capital - South Africa
- PTC India Limited - India
- Electricity Authority, New Zealand
- Agrawal Coal Company - India
- Samtan Co., Ltd - South Korea
- Sindya Power Generating Company Private Ltd
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- SMC Global Power, Philippines
- Indian Oil Corporation Limited
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- Meralco Power Generation, Philippines
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- Mintek Dendrill Indonesia
- Straits Asia Resources Limited - Singapore
- Grasim Industreis Ltd - India
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- Thai Mozambique Logistica
- Australian Coal Association
- Rashtriya Ispat Nigam Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Ceylon Electricity Board - Sri Lanka
- Dalmia Cement Bharat India
- Bharathi Cement Corporation - India
- Central Java Power - Indonesia
- Vedanta Resources Plc - India
- Singapore Mercantile Exchange
- Standard Chartered Bank - UAE
- McConnell Dowell - Australia
- Semirara Mining and Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Cement Manufacturers Association - India
- GN Power Mariveles Coal Plant, Philippines
- Formosa Plastics Group - Taiwan
- Central Electricity Authority - India
- Medco Energi Mining Internasional
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- Georgia Ports Authority, United States
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- Toyota Tsusho Corporation, Japan
- CIMB Investment Bank - Malaysia
- Port Waratah Coal Services - Australia
- Bukit Baiduri Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Planning Commission, India
- Posco Energy - South Korea
- ICICI Bank Limited - India
- Goldman Sachs - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement - Thailand
- European Bulk Services B.V. - Netherlands
- Coal and Oil Company - UAE
- San Jose City I Power Corp, Philippines
- Intertek Mineral Services - Indonesia
- Savvy Resources Ltd - HongKong
- Petron Corporation, Philippines
- Economic Council, Georgia
- Barasentosa Lestari - Indonesia
- Wood Mackenzie - Singapore
- Ministry of Mines - Canada
- Parry Sugars Refinery, India
- Krishnapatnam Port Company Ltd. - India
- ASAPP Information Group - India
- Antam Resourcindo - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Oldendorff Carriers - Singapore
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- Minerals Council of Australia
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- Anglo American - United Kingdom
- London Commodity Brokers - England
- Tamil Nadu electricity Board
- Africa Commodities Group - South Africa
- TeaM Sual Corporation - Philippines
- Australian Commodity Traders Exchange
- Kideco Jaya Agung - Indonesia
- Metalloyd Limited - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Deloitte Consulting - India
- Aditya Birla Group - India
- Bhoruka Overseas - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- Bayan Resources Tbk. - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- IEA Clean Coal Centre - UK
- Meenaskhi Energy Private Limited - India
- India Bulls Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Indonesian Coal Mining Association
- The State Trading Corporation of India Ltd
- Bhatia International Limited - India
- Indo Tambangraya Megah - Indonesia
- Globalindo Alam Lestari - Indonesia
- Riau Bara Harum - Indonesia
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- Edison Trading Spa - Italy
- Xindia Steels Limited - India
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- Commonwealth Bank - Australia
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- Interocean Group of Companies - India
- Coalindo Energy - Indonesia
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