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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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Monday, 25 May 20
NON-OPEC OIL SUPPLY DEVELOPMENT - OPEC
Non-OPEC oil supply continued to increase by 2.0 mb/d in 2019, driven by US shale production, which rose by 1.7 mb/d, amounting to 84% of total non ...
Sunday, 24 May 20
A 63,000 FIXED DELIVERY VIETNAM TRIP VIA INDONESIA REDELIVERY KOSICHANG AT $8,500 - BALTIC BRIEFING
Capesize
After a week of bounce momentum the market appears to have stalled out once again. The Capesize 5TC has more than doubled since last F ...
Saturday, 23 May 20
COLOMBIA COAL OUTPUT DOWN 7.2% IN Q1 ON LOW PRICES, CORONAVIRUS LOCKDOWN - REUTERS
Coal production in Colombia, the world’s fifth-largest coal exporter, fell 7.2% in the first quarter because of low prices and coronavirus qu ...
Saturday, 23 May 20
EWP INVITES BIDS FOR 840,000 METRIC TONS OF MIN 5700 NAR COAL
COALspot.com: South Korea’s Korea East-West Power Co. Ltd (EWP) has Issued an International Tender for total Max 840,000 Metric Tons of min 5 ...
Thursday, 21 May 20
KOMIPO INVITED BIDS FOR TOTAL 610000 MT OF LCV AND HCV COAL FOR 2H 2020
COALspot.com: South Korea’s Korea Midland Power Co. Ltd. (KOMIPO) has Issued an International Tender for 130,000 mt of 5700 NCV coal an ...
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- Marubeni Corporation - India
- Parry Sugars Refinery, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Chamber of Mines of South Africa
- Manunggal Multi Energi - Indonesia
- Star Paper Mills Limited - India
- Medco Energi Mining Internasional
- SMC Global Power, Philippines
- Agrawal Coal Company - India
- Ceylon Electricity Board - Sri Lanka
- Sindya Power Generating Company Private Ltd
- TeaM Sual Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Thiess Contractors Indonesia
- Global Business Power Corporation, Philippines
- Planning Commission, India
- Meralco Power Generation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- European Bulk Services B.V. - Netherlands
- GMR Energy Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Mineral Development Corp Ltd - India
- Carbofer General Trading SA - India
- Anglo American - United Kingdom
- Makarim & Taira - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Price Waterhouse Coopers - Russia
- Bhushan Steel Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- PTC India Limited - India
- Bharathi Cement Corporation - India
- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
- Ministry of Mines - Canada
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
- Madhucon Powers Ltd - India
- Lanco Infratech Ltd - India
- Bukit Baiduri Energy - Indonesia
- Petron Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Attock Cement Pakistan Limited
- Thai Mozambique Logistica
- Indonesian Coal Mining Association
- The University of Queensland
- Global Green Power PLC Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Eastern Energy - Thailand
- Rio Tinto Coal - Australia
- Ministry of Finance - Indonesia
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- Barasentosa Lestari - Indonesia
- Malabar Cements Ltd - India
- SMG Consultants - Indonesia
- Eastern Coal Council - USA
- Orica Australia Pty. Ltd.
- Kaltim Prima Coal - Indonesia
- Cement Manufacturers Association - India
- Leighton Contractors Pty Ltd - Australia
- Indian Oil Corporation Limited
- Mjunction Services Limited - India
- Energy Development Corp, Philippines
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Posco Energy - South Korea
- Goldman Sachs - Singapore
- Larsen & Toubro Limited - India
- Sakthi Sugars Limited - India
- Meenaskhi Energy Private Limited - India
- Kobexindo Tractors - Indoneisa
- Renaissance Capital - South Africa
- Bulk Trading Sa - Switzerland
- CNBM International Corporation - China
- Australian Coal Association
- Ministry of Transport, Egypt
- Energy Link Ltd, New Zealand
- Romanian Commodities Exchange
- Heidelberg Cement - Germany
- PowerSource Philippines DevCo
- Latin American Coal - Colombia
- Directorate Of Revenue Intelligence - India
- Intertek Mineral Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Edison Trading Spa - Italy
- Power Finance Corporation Ltd., India
- London Commodity Brokers - England
- Miang Besar Coal Terminal - Indonesia
- Central Java Power - Indonesia
- Grasim Industreis Ltd - India
- Central Electricity Authority - India
- Mercator Lines Limited - India
- Savvy Resources Ltd - HongKong
- Bangladesh Power Developement Board
- Siam City Cement - Thailand
- Independent Power Producers Association of India
- Bahari Cakrawala Sebuku - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- Holcim Trading Pte Ltd - Singapore
- San Jose City I Power Corp, Philippines
- VISA Power Limited - India
- Aditya Birla Group - India
- Africa Commodities Group - South Africa
- Iligan Light & Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Billiton Holdings Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- New Zealand Coal & Carbon
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Tata Chemicals Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Banpu Public Company Limited - Thailand
- Kalimantan Lumbung Energi - Indonesia
- ICICI Bank Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- McConnell Dowell - Australia
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- Ambuja Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Singapore Mercantile Exchange
- Cigading International Bulk Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Australian Commodity Traders Exchange
- Mintek Dendrill Indonesia
- Altura Mining Limited, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Antam Resourcindo - Indonesia
- Parliament of New Zealand
- Siam City Cement PLC, Thailand
- Directorate General of MIneral and Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Riau Bara Harum - Indonesia
- Globalindo Alam Lestari - Indonesia
- Interocean Group of Companies - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Baramulti Group, Indonesia
- Indian Energy Exchange, India
- GAC Shipping (India) Pvt Ltd
- SN Aboitiz Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Coal and Oil Company - UAE
- South Luzon Thermal Energy Corporation
- Vizag Seaport Private Limited - India
- Vedanta Resources Plc - India
- Xindia Steels Limited - India
- Wood Mackenzie - Singapore
- Kumho Petrochemical, South Korea
- Sarangani Energy Corporation, Philippines
- Standard Chartered Bank - UAE
- Trasteel International SA, Italy
- Pendopo Energi Batubara - Indonesia
- Indogreen Group - Indonesia
- The Treasury - Australian Government
- Orica Mining Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Sical Logistics Limited - India
- Straits Asia Resources Limited - Singapore
- Economic Council, Georgia
- Timah Investasi Mineral - Indoneisa
- Jindal Steel & Power Ltd - India
- International Coal Ventures Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Semirara Mining Corp, Philippines
- Deloitte Consulting - India
- CIMB Investment Bank - Malaysia
- Bayan Resources Tbk. - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Dalmia Cement Bharat India
- The State Trading Corporation of India Ltd
- Samtan Co., Ltd - South Korea
- IHS Mccloskey Coal Group - USA
- ASAPP Information Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Kartika Selabumi Mining - Indonesia
- Wilmar Investment Holdings
- Coastal Gujarat Power Limited - India
- Binh Thuan Hamico - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Toyota Tsusho Corporation, Japan
- Bhatia International Limited - India
- Uttam Galva Steels Limited - India
- Port Waratah Coal Services - Australia
- Kapuas Tunggal Persada - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Tamil Nadu electricity Board
- Georgia Ports Authority, United States
- Therma Luzon, Inc, Philippines
- Commonwealth Bank - Australia
- Electricity Authority, New Zealand
- Sojitz Corporation - Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Videocon Industries ltd - India
- Metalloyd Limited - United Kingdom
- Oldendorff Carriers - Singapore
- Salva Resources Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- White Energy Company Limited
- AsiaOL BioFuels Corp., Philippines
- Minerals Council of Australia
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Electricity Generating Authority of Thailand
- Bhoruka Overseas - Indonesia
- Gujarat Electricity Regulatory Commission - India
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