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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, 31 March 20
COAL POWER REMAINS IN GLOBAL DECLINE, DESPITE CHINESE SURGE - SYDNEY MORNING HERALD
The impact of coronavirus has prompted a surge in coal-fired power plant construction permits in China, with the Chinese government issuing more pe ...
Monday, 30 March 20
CORONAVIRUS - IMPLICATIONS FOR SHIPS AND CREW - GARD
KNOWLEDGE TO ELEVATE
Countries around the world are strengthening their border control measures in order to prevent the further spread of COVI ...
Monday, 30 March 20
LAY-UP AND RE-ACTIVATION REVISITED - GARD
KNOWLEDGE TO ELEVATE
The COVID-19 pandemic has affected the maritime industry in previously unthinkable ways. Ports around the world are denyi ...
Monday, 30 March 20
PANAMAX: INDONESIA LACKED VOLUME, PARTLY DUE TO FORCE MAJEURE IN INDIAN PORTS - BALTIC BRIEFING
Capesize
As Covid-19 continued to ratchet up tensions across the globe, the Cape market dealt with the change to remote working. Most regions o ...
Saturday, 28 March 20
ASIA'S COAL MARKETS DIVERGE ON QUALITY LINES AS CORONAVIRUS HITS INDIA - REUTERS
Asia’s seaborne coal market is increasingly diverging between higher-quality Australian coal, where prices are holding up despite the economi ...
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- Vijayanagar Sugar Pvt Ltd - India
- The University of Queensland
- Karaikal Port Pvt Ltd - India
- ICICI Bank Limited - India
- Goldman Sachs - Singapore
- Standard Chartered Bank - UAE
- Ministry of Mines - Canada
- Indogreen Group - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Sindya Power Generating Company Private Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement - Thailand
- Metalloyd Limited - United Kingdom
- Sical Logistics Limited - India
- Central Electricity Authority - India
- Gujarat Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Kalimantan Lumbung Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dalmia Cement Bharat India
- Trasteel International SA, Italy
- VISA Power Limited - India
- Simpson Spence & Young - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Latin American Coal - Colombia
- LBH Netherlands Bv - Netherlands
- Bhatia International Limited - India
- Anglo American - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
- Parliament of New Zealand
- Minerals Council of Australia
- Kartika Selabumi Mining - Indonesia
- Commonwealth Bank - Australia
- Uttam Galva Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Larsen & Toubro Limited - India
- Central Java Power - Indonesia
- The Treasury - Australian Government
- Maheswari Brothers Coal Limited - India
- Chamber of Mines of South Africa
- Directorate General of MIneral and Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Samtan Co., Ltd - South Korea
- GMR Energy Limited - India
- Edison Trading Spa - Italy
- Romanian Commodities Exchange
- GAC Shipping (India) Pvt Ltd
- Thiess Contractors Indonesia
- Madhucon Powers Ltd - India
- Planning Commission, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- TeaM Sual Corporation - Philippines
- Semirara Mining Corp, Philippines
- Aditya Birla Group - India
- PetroVietnam Power Coal Import and Supply Company
- Iligan Light & Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Energy Development Corp, Philippines
- Baramulti Group, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Pendopo Energi Batubara - Indonesia
- PTC India Limited - India
- MS Steel International - UAE
- Deloitte Consulting - India
- Tata Chemicals Ltd - India
- Orica Mining Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Krishnapatnam Port Company Ltd. - India
- IHS Mccloskey Coal Group - USA
- Wood Mackenzie - Singapore
- Wilmar Investment Holdings
- SMG Consultants - Indonesia
- Timah Investasi Mineral - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- Carbofer General Trading SA - India
- Kideco Jaya Agung - Indonesia
- Directorate Of Revenue Intelligence - India
- Orica Australia Pty. Ltd.
- Straits Asia Resources Limited - Singapore
- Mercuria Energy - Indonesia
- Interocean Group of Companies - India
- Ind-Barath Power Infra Limited - India
- Global Business Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Georgia Ports Authority, United States
- Singapore Mercantile Exchange
- Salva Resources Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Attock Cement Pakistan Limited
- Sojitz Corporation - Japan
- Australian Coal Association
- CNBM International Corporation - China
- SN Aboitiz Power Inc, Philippines
- Vizag Seaport Private Limited - India
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Globalindo Alam Lestari - Indonesia
- Bangladesh Power Developement Board
- Cigading International Bulk Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Rio Tinto Coal - Australia
- Medco Energi Mining Internasional
- PowerSource Philippines DevCo
- GVK Power & Infra Limited - India
- Ministry of Transport, Egypt
- Bukit Baiduri Energy - Indonesia
- New Zealand Coal & Carbon
- Petrochimia International Co. Ltd.- Taiwan
- Alfred C Toepfer International GmbH - Germany
- Kumho Petrochemical, South Korea
- Kepco SPC Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Oldendorff Carriers - Singapore
- Essar Steel Hazira Ltd - India
- Price Waterhouse Coopers - Russia
- Altura Mining Limited, Indonesia
- European Bulk Services B.V. - Netherlands
- Bukit Makmur.PT - Indonesia
- Electricity Authority, New Zealand
- Electricity Generating Authority of Thailand
- Bharathi Cement Corporation - India
- Lanco Infratech Ltd - India
- Parry Sugars Refinery, India
- Holcim Trading Pte Ltd - Singapore
- Sree Jayajothi Cements Limited - India
- Mintek Dendrill Indonesia
- Siam City Cement PLC, Thailand
- Indika Energy - Indonesia
- Economic Council, Georgia
- The State Trading Corporation of India Ltd
- Mjunction Services Limited - India
- GN Power Mariveles Coal Plant, Philippines
- South Luzon Thermal Energy Corporation
- Sinarmas Energy and Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Binh Thuan Hamico - Vietnam
- Energy Link Ltd, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Tamil Nadu electricity Board
- Makarim & Taira - Indonesia
- Agrawal Coal Company - India
- Bayan Resources Tbk. - Indonesia
- IEA Clean Coal Centre - UK
- Ambuja Cements Ltd - India
- Indonesian Coal Mining Association
- Semirara Mining and Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Videocon Industries ltd - India
- Billiton Holdings Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Coal and Oil Company - UAE
- Riau Bara Harum - Indonesia
- Heidelberg Cement - Germany
- Posco Energy - South Korea
- Australian Commodity Traders Exchange
- Sakthi Sugars Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Finance - Indonesia
- Petron Corporation, Philippines
- Gujarat Sidhee Cement - India
- White Energy Company Limited
- Indian Energy Exchange, India
- Chettinad Cement Corporation Ltd - India
- Malabar Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Indian Oil Corporation Limited
- Thai Mozambique Logistica
- San Jose City I Power Corp, Philippines
- Banpu Public Company Limited - Thailand
- Intertek Mineral Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Barasentosa Lestari - Indonesia
- McConnell Dowell - Australia
- Eastern Coal Council - USA
- Xindia Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- Cement Manufacturers Association - India
- Formosa Plastics Group - Taiwan
- Grasim Industreis Ltd - India
- Meralco Power Generation, Philippines
- Bhoruka Overseas - Indonesia
- Kobexindo Tractors - Indoneisa
- Africa Commodities Group - South Africa
- Star Paper Mills Limited - India
- Kohat Cement Company Ltd. - Pakistan
- ASAPP Information Group - India
- Indo Tambangraya Megah - Indonesia
- International Coal Ventures Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Manunggal Multi Energi - Indonesia
- India Bulls Power Limited - India
- Coalindo Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Mercator Lines Limited - India
- CIMB Investment Bank - Malaysia
- Bulk Trading Sa - Switzerland
- Savvy Resources Ltd - HongKong
- Antam Resourcindo - Indonesia
- Marubeni Corporation - India
- OPG Power Generation Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Bhushan Steel Limited - India
- Merrill Lynch Commodities Europe
- Renaissance Capital - South Africa
- Kaltim Prima Coal - Indonesia
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