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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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Friday, 24 April 20
CHINA COAL PRODUCER YANZHOU COAL POSTS 9.6 PCT RISE IN 2019 NET PROFIT - XINHUA
China’s major coal producer Yanzhou Coal Mining Co., Ltd. said Thursday that its net profit saw a 9.6 percent rise in 2019.
Th ...
Tuesday, 21 April 20
INDONESIA ACCOUNTS FOR 19% OF JAPAN'S TOTAL COAL IMPORTS - BANCHERO COSTA
Coal trade in Asia is proving remarkably resilient this year, despite the global economic impact from COVID-19.
We have seen China&r ...
Tuesday, 21 April 20
COVID-19: CHARTERPARTY MATTERS FOR SHIPOWNERS - SKULD
KNOWLEDGE TO ELEVATE
Whilst the plight of cruise ships, stranded off shore with sick passengers and crew, may be dominating media headlines, t ...
Monday, 20 April 20
SUPRAMAX: A 52,000DWT SHIP FIXING AN INDONESIA COAL RUN TO CHINA AT $4400 - BALTIC BRIEFING
Capesize
This week was the strongest period seen for the Capesize market in several months. All routes globally succumbed to improved sentiment ...
Friday, 17 April 20
PANDEMIC TO BRING ASIA'S 2020 GROWTH TO HALT FOR 1ST TIME IN 60 YEARS - IMF: REUTERS
Asia’s economic growth this year will grind to a halt for the first time in 60 years, as the coronavirus crisis takes an “unprecedented ...
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- Vedanta Resources Plc - India
- Sarangani Energy Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kohat Cement Company Ltd. - Pakistan
- Aboitiz Power Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- MS Steel International - UAE
- Parry Sugars Refinery, India
- Electricity Generating Authority of Thailand
- Indian Oil Corporation Limited
- Maheswari Brothers Coal Limited - India
- Holcim Trading Pte Ltd - Singapore
- GMR Energy Limited - India
- ASAPP Information Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Transport, Egypt
- Tamil Nadu electricity Board
- Global Coal Blending Company Limited - Australia
- Videocon Industries ltd - India
- Trasteel International SA, Italy
- Krishnapatnam Port Company Ltd. - India
- PetroVietnam Power Coal Import and Supply Company
- Billiton Holdings Pty Ltd - Australia
- Thiess Contractors Indonesia
- Indo Tambangraya Megah - Indonesia
- Tata Chemicals Ltd - India
- Indonesian Coal Mining Association
- IHS Mccloskey Coal Group - USA
- Globalindo Alam Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Heidelberg Cement - Germany
- Renaissance Capital - South Africa
- Parliament of New Zealand
- GVK Power & Infra Limited - India
- Eastern Coal Council - USA
- Straits Asia Resources Limited - Singapore
- Petron Corporation, Philippines
- Altura Mining Limited, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kobexindo Tractors - Indoneisa
- Indika Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- India Bulls Power Limited - India
- Metalloyd Limited - United Kingdom
- Rio Tinto Coal - Australia
- Jaiprakash Power Ventures ltd
- Chamber of Mines of South Africa
- Aditya Birla Group - India
- SMG Consultants - Indonesia
- Pendopo Energi Batubara - Indonesia
- Goldman Sachs - Singapore
- Ministry of Finance - Indonesia
- Indian Energy Exchange, India
- Asmin Koalindo Tuhup - Indonesia
- European Bulk Services B.V. - Netherlands
- Electricity Authority, New Zealand
- Deloitte Consulting - India
- Romanian Commodities Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Energy Link Ltd, New Zealand
- Ambuja Cements Ltd - India
- Wilmar Investment Holdings
- Manunggal Multi Energi - Indonesia
- Carbofer General Trading SA - India
- Ind-Barath Power Infra Limited - India
- Sojitz Corporation - Japan
- Orica Australia Pty. Ltd.
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Makmur.PT - Indonesia
- Larsen & Toubro Limited - India
- Kideco Jaya Agung - Indonesia
- Wood Mackenzie - Singapore
- Semirara Mining and Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Australian Coal Association
- Kepco SPC Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Central Electricity Authority - India
- Sinarmas Energy and Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Ministry of Mines - Canada
- SMC Global Power, Philippines
- Banpu Public Company Limited - Thailand
- Kapuas Tunggal Persada - Indonesia
- Medco Energi Mining Internasional
- Bukit Baiduri Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- VISA Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Port Waratah Coal Services - Australia
- Energy Development Corp, Philippines
- San Jose City I Power Corp, Philippines
- Malabar Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Java Power - Indonesia
- Baramulti Group, Indonesia
- Xindia Steels Limited - India
- Coal and Oil Company - UAE
- Bhoruka Overseas - Indonesia
- OPG Power Generation Pvt Ltd - India
- The Treasury - Australian Government
- The State Trading Corporation of India Ltd
- Bhushan Steel Limited - India
- Gujarat Mineral Development Corp Ltd - India
- PNOC Exploration Corporation - Philippines
- Antam Resourcindo - Indonesia
- South Luzon Thermal Energy Corporation
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- Interocean Group of Companies - India
- Africa Commodities Group - South Africa
- Therma Luzon, Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Economic Council, Georgia
- Kaltim Prima Coal - Indonesia
- Independent Power Producers Association of India
- Sindya Power Generating Company Private Ltd
- Cement Manufacturers Association - India
- Commonwealth Bank - Australia
- Star Paper Mills Limited - India
- Rashtriya Ispat Nigam Limited - India
- White Energy Company Limited
- Price Waterhouse Coopers - Russia
- Bharathi Cement Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Directorate Of Revenue Intelligence - India
- IEA Clean Coal Centre - UK
- Karbindo Abesyapradhi - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Pipit Mutiara Jaya. PT, Indonesia
- Uttam Galva Steels Limited - India
- Gujarat Sidhee Cement - India
- Orica Mining Services - Indonesia
- Minerals Council of Australia
- Sree Jayajothi Cements Limited - India
- Mercuria Energy - Indonesia
- Lanco Infratech Ltd - India
- Bhatia International Limited - India
- Grasim Industreis Ltd - India
- Marubeni Corporation - India
- PTC India Limited - India
- Coastal Gujarat Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Dalmia Cement Bharat India
- Global Green Power PLC Corporation, Philippines
- Sakthi Sugars Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Makarim & Taira - Indonesia
- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- Oldendorff Carriers - Singapore
- GAC Shipping (India) Pvt Ltd
- Power Finance Corporation Ltd., India
- Binh Thuan Hamico - Vietnam
- Indogreen Group - Indonesia
- Mjunction Services Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Savvy Resources Ltd - HongKong
- Maharashtra Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Siam City Cement - Thailand
- Global Business Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Georgia Ports Authority, United States
- Essar Steel Hazira Ltd - India
- International Coal Ventures Pvt Ltd - India
- Planning Commission, India
- Mintek Dendrill Indonesia
- Latin American Coal - Colombia
- TeaM Sual Corporation - Philippines
- Madhucon Powers Ltd - India
- Australian Commodity Traders Exchange
- CIMB Investment Bank - Malaysia
- Samtan Co., Ltd - South Korea
- Gujarat Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Borneo Indobara - Indonesia
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- Sical Logistics Limited - India
- Siam City Cement PLC, Thailand
- Miang Besar Coal Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Barasentosa Lestari - Indonesia
- Eastern Energy - Thailand
- Posco Energy - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Bangladesh Power Developement Board
- McConnell Dowell - Australia
- Anglo American - United Kingdom
- Bulk Trading Sa - Switzerland
- New Zealand Coal & Carbon
- Standard Chartered Bank - UAE
- Edison Trading Spa - Italy
- Singapore Mercantile Exchange
- Timah Investasi Mineral - Indoneisa
- ICICI Bank Limited - India
- Attock Cement Pakistan Limited
- PowerSource Philippines DevCo
- London Commodity Brokers - England
- Coalindo Energy - Indonesia
- Riau Bara Harum - Indonesia
- Thai Mozambique Logistica
- Simpson Spence & Young - Indonesia
- Intertek Mineral Services - Indonesia
- Mercator Lines Limited - India
- Agrawal Coal Company - India
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