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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, 25 April 20
KOREA SOUTH-EAST POWER CO. INVITED BIDS FOR 780K - 900K MT OF 5600 NCV COAL FOR JULY TO OCTOBER 2020 LOADING
COALspot.com: South Korea’s KOREA SOUTH-EAST POWER CO., LTD. (KOEN) has issued an international tender for 780,000~900,000 Metric Tons (MT) s ...
Saturday, 25 April 20
SEAFARER MENTAL WELLBEING DURING THE COVID-19 PANDEMIC - STANDARD CLUB
KNOWLEDGE TO ELEVATE
COVID-19 has forced many parts of the world to enforce a lockdown in a bid to flatten the curve in terms of transmissions ...
Friday, 24 April 20
KOMIPO INVITED BIDS FOR 5700 NAR COAL FOR JUNE & JULY LOADING
COALspot.com: South Korea’s Korea Midland Power Co. Ltd. (KOMIPO) Has Issued An International Tender For 260,000 Metric Tons (MT) Steam Coal ...
Friday, 24 April 20
CHINA'S BENCHMARK POWER COAL PRICE REMAINS FLAT - XINHUA
China’s benchmark power coal price remained flat during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Friday, 24 April 20
COAL INDIA TO PRODUCE 710 MT COAL - MINISTER OF COAL AND MINES
Coal India Limited (CIL) will produce 710 million tonnes (MT) of coal and company’s coal off take target will also remain at710 MT for this f ...
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- Sarangani Energy Corporation, Philippines
- Mintek Dendrill Indonesia
- Parry Sugars Refinery, India
- Leighton Contractors Pty Ltd - Australia
- Tamil Nadu electricity Board
- Neyveli Lignite Corporation Ltd, - India
- Indo Tambangraya Megah - Indonesia
- South Luzon Thermal Energy Corporation
- Kumho Petrochemical, South Korea
- Dalmia Cement Bharat India
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- Malabar Cements Ltd - India
- Ministry of Mines - Canada
- Antam Resourcindo - Indonesia
- Eastern Coal Council - USA
- Indian Oil Corporation Limited
- Independent Power Producers Association of India
- Riau Bara Harum - Indonesia
- Lanco Infratech Ltd - India
- Indika Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Central Electricity Authority - India
- Electricity Authority, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- IEA Clean Coal Centre - UK
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Posco Energy - South Korea
- The State Trading Corporation of India Ltd
- Manunggal Multi Energi - Indonesia
- The Treasury - Australian Government
- Miang Besar Coal Terminal - Indonesia
- Makarim & Taira - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Intertek Mineral Services - Indonesia
- Semirara Mining Corp, Philippines
- MS Steel International - UAE
- Alfred C Toepfer International GmbH - Germany
- Toyota Tsusho Corporation, Japan
- Xindia Steels Limited - India
- VISA Power Limited - India
- Latin American Coal - Colombia
- Kapuas Tunggal Persada - Indonesia
- Star Paper Mills Limited - India
- CNBM International Corporation - China
- Sojitz Corporation - Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Anglo American - United Kingdom
- Siam City Cement - Thailand
- Jindal Steel & Power Ltd - India
- Jaiprakash Power Ventures ltd
- Salva Resources Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Energy Link Ltd, New Zealand
- The University of Queensland
- Directorate Of Revenue Intelligence - India
- Singapore Mercantile Exchange
- Indonesian Coal Mining Association
- Billiton Holdings Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Goldman Sachs - Singapore
- GVK Power & Infra Limited - India
- Sical Logistics Limited - India
- Carbofer General Trading SA - India
- Siam City Cement PLC, Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Energy - Thailand
- LBH Netherlands Bv - Netherlands
- Timah Investasi Mineral - Indoneisa
- Samtan Co., Ltd - South Korea
- McConnell Dowell - Australia
- Bangladesh Power Developement Board
- Economic Council, Georgia
- Commonwealth Bank - Australia
- Aboitiz Power Corporation - Philippines
- Standard Chartered Bank - UAE
- AsiaOL BioFuels Corp., Philippines
- Bukit Makmur.PT - Indonesia
- Madhucon Powers Ltd - India
- Bukit Baiduri Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Chamber of Mines of South Africa
- ICICI Bank Limited - India
- Parliament of New Zealand
- Kartika Selabumi Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Tata Chemicals Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- ASAPP Information Group - India
- Energy Development Corp, Philippines
- Price Waterhouse Coopers - Russia
- Trasteel International SA, Italy
- Port Waratah Coal Services - Australia
- Vizag Seaport Private Limited - India
- GMR Energy Limited - India
- Australian Commodity Traders Exchange
- Georgia Ports Authority, United States
- Bhushan Steel Limited - India
- Ceylon Electricity Board - Sri Lanka
- Australian Coal Association
- Borneo Indobara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Agrawal Coal Company - India
- Meralco Power Generation, Philippines
- Minerals Council of Australia
- Altura Mining Limited, Indonesia
- Marubeni Corporation - India
- Rio Tinto Coal - Australia
- Global Coal Blending Company Limited - Australia
- Grasim Industreis Ltd - India
- Mercator Lines Limited - India
- Maheswari Brothers Coal Limited - India
- Planning Commission, India
- Formosa Plastics Group - Taiwan
- European Bulk Services B.V. - Netherlands
- Edison Trading Spa - Italy
- SMG Consultants - Indonesia
- Iligan Light & Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- TeaM Sual Corporation - Philippines
- Coal and Oil Company - UAE
- Ambuja Cements Ltd - India
- Central Java Power - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Mjunction Services Limited - India
- Merrill Lynch Commodities Europe
- Ministry of Finance - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Oldendorff Carriers - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Sree Jayajothi Cements Limited - India
- Renaissance Capital - South Africa
- Globalindo Alam Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Deloitte Consulting - India
- Savvy Resources Ltd - HongKong
- Heidelberg Cement - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bahari Cakrawala Sebuku - Indonesia
- Mercuria Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Bhoruka Overseas - Indonesia
- Kepco SPC Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Vedanta Resources Plc - India
- Kideco Jaya Agung - Indonesia
- Africa Commodities Group - South Africa
- Baramulti Group, Indonesia
- Bulk Trading Sa - Switzerland
- Bharathi Cement Corporation - India
- India Bulls Power Limited - India
- Wood Mackenzie - Singapore
- Petron Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Medco Energi Mining Internasional
- Cement Manufacturers Association - India
- Binh Thuan Hamico - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Karaikal Port Pvt Ltd - India
- Global Business Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Barasentosa Lestari - Indonesia
- Sakthi Sugars Limited - India
- Pendopo Energi Batubara - Indonesia
- Sindya Power Generating Company Private Ltd
- Rashtriya Ispat Nigam Limited - India
- Thai Mozambique Logistica
- Coalindo Energy - Indonesia
- Indogreen Group - Indonesia
- Videocon Industries ltd - India
- Uttam Galva Steels Limited - India
- PTC India Limited - India
- Attock Cement Pakistan Limited
- Straits Asia Resources Limited - Singapore
- Interocean Group of Companies - India
- Electricity Generating Authority of Thailand
- Romanian Commodities Exchange
- CIMB Investment Bank - Malaysia
- Indian Energy Exchange, India
- Ministry of Transport, Egypt
- PowerSource Philippines DevCo
- Gujarat Sidhee Cement - India
- Simpson Spence & Young - Indonesia
- Meenaskhi Energy Private Limited - India
- Orica Australia Pty. Ltd.
- Gujarat Mineral Development Corp Ltd - India
- Sinarmas Energy and Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- Larsen & Toubro Limited - India
- White Energy Company Limited
- Petrochimia International Co. Ltd.- Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Power Finance Corporation Ltd., India
- Banpu Public Company Limited - Thailand
- Metalloyd Limited - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thiess Contractors Indonesia
- Bhatia International Limited - India
- OPG Power Generation Pvt Ltd - India
- SMC Global Power, Philippines
- Aditya Birla Group - India
- Wilmar Investment Holdings
- London Commodity Brokers - England
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