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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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Thursday, 20 February 20
CHINA RESUMES OVER 70 PCT COAL PRODUCTION CAPACITY AMID EPIDEMIC - XINHUA
China has resumed 70.2 percent of its coal production capacity with output recovering steadily amid the fight against the novel coronavirus epidemi ...
Thursday, 20 February 20
CHINA THERMAL COAL MARKET FACES 2-3 MONTH CORONAVIRUS SHORT SQUEEZE: NOBLE - REUTERS
China’s domestic thermal coal market faces a 2-3 month short squeeze as a rapidly spreading coronavirus outbreak curtails production more tha ...
Wednesday, 19 February 20
KOREA MIDLAND POWER INVITED BIDS FOR 1 MILLION TONS OF HCV AND LCV COAL FOR Q2- Q4 LOADING
COALspot.com: Korea Midland Power Co. Ltd, (KOMIPO). has issued an international tender for total 1 million MT of coal for April to December 2020 l ...
Wednesday, 19 February 20
GLENCORE WRITES OFF ALMOST $1 BILLION AT COLOMBIAN COAL MINES DUE TO FALLING EUROPEAN IMPORTS: BLOOMBERG
The economic case against European coal is proving too much for even Glencore Plc.
The world’s biggest coal shipper cut the va ...
Wednesday, 19 February 20
MINERS WELCOME INDONESIA'S NEW JOBS BILL THAT COULD SPUR COAL GROWTH - REUTERS
Miners have welcomed proposed changes to Indonesian mining rules under a new law aimed at boosting investment, though critics are concerned that th ...
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- Ministry of Finance - Indonesia
- Toyota Tsusho Corporation, Japan
- Singapore Mercantile Exchange
- Mercuria Energy - Indonesia
- Cement Manufacturers Association - India
- European Bulk Services B.V. - Netherlands
- Metalloyd Limited - United Kingdom
- Straits Asia Resources Limited - Singapore
- PTC India Limited - India
- Planning Commission, India
- Coastal Gujarat Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Electricity Authority, New Zealand
- Manunggal Multi Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Rashtriya Ispat Nigam Limited - India
- Samtan Co., Ltd - South Korea
- CIMB Investment Bank - Malaysia
- CNBM International Corporation - China
- Rio Tinto Coal - Australia
- Bhushan Steel Limited - India
- Energy Development Corp, Philippines
- Savvy Resources Ltd - HongKong
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Alfred C Toepfer International GmbH - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vizag Seaport Private Limited - India
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Antam Resourcindo - Indonesia
- Mintek Dendrill Indonesia
- TeaM Sual Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Kepco SPC Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Grasim Industreis Ltd - India
- Binh Thuan Hamico - Vietnam
- Jaiprakash Power Ventures ltd
- Star Paper Mills Limited - India
- Renaissance Capital - South Africa
- Ind-Barath Power Infra Limited - India
- Sojitz Corporation - Japan
- Jindal Steel & Power Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Coal and Oil Company - UAE
- Salva Resources Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Bukit Baiduri Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
- Uttam Galva Steels Limited - India
- Commonwealth Bank - Australia
- Parliament of New Zealand
- Kapuas Tunggal Persada - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Parry Sugars Refinery, India
- Orica Australia Pty. Ltd.
- Georgia Ports Authority, United States
- Kaltim Prima Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- Ministry of Transport, Egypt
- Jorong Barutama Greston.PT - Indonesia
- Dalmia Cement Bharat India
- SMC Global Power, Philippines
- Madhucon Powers Ltd - India
- Bhatia International Limited - India
- SMG Consultants - Indonesia
- White Energy Company Limited
- New Zealand Coal & Carbon
- Ambuja Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Attock Cement Pakistan Limited
- Xindia Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Indika Energy - Indonesia
- Thiess Contractors Indonesia
- Latin American Coal - Colombia
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Agrawal Coal Company - India
- Kohat Cement Company Ltd. - Pakistan
- Coalindo Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Ministry of Mines - Canada
- Vedanta Resources Plc - India
- Videocon Industries ltd - India
- International Coal Ventures Pvt Ltd - India
- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- Gujarat Mineral Development Corp Ltd - India
- Trasteel International SA, Italy
- Sarangani Energy Corporation, Philippines
- The University of Queensland
- Bulk Trading Sa - Switzerland
- Sinarmas Energy and Mining - Indonesia
- Merrill Lynch Commodities Europe
- Formosa Plastics Group - Taiwan
- Karaikal Port Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Therma Luzon, Inc, Philippines
- Orica Mining Services - Indonesia
- Intertek Mineral Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- The Treasury - Australian Government
- Economic Council, Georgia
- India Bulls Power Limited - India
- ASAPP Information Group - India
- Bayan Resources Tbk. - Indonesia
- Mjunction Services Limited - India
- Africa Commodities Group - South Africa
- The State Trading Corporation of India Ltd
- AsiaOL BioFuels Corp., Philippines
- Power Finance Corporation Ltd., India
- Sakthi Sugars Limited - India
- Wood Mackenzie - Singapore
- Ceylon Electricity Board - Sri Lanka
- Heidelberg Cement - Germany
- Tamil Nadu electricity Board
- Chettinad Cement Corporation Ltd - India
- Independent Power Producers Association of India
- Maheswari Brothers Coal Limited - India
- Bharathi Cement Corporation - India
- Meralco Power Generation, Philippines
- Siam City Cement PLC, Thailand
- Chamber of Mines of South Africa
- Global Business Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Kobexindo Tractors - Indoneisa
- LBH Netherlands Bv - Netherlands
- London Commodity Brokers - England
- Energy Link Ltd, New Zealand
- Anglo American - United Kingdom
- Borneo Indobara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Oldendorff Carriers - Singapore
- Romanian Commodities Exchange
- Karbindo Abesyapradhi - Indoneisa
- ICICI Bank Limited - India
- Thai Mozambique Logistica
- Malabar Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tata Chemicals Ltd - India
- Port Waratah Coal Services - Australia
- Marubeni Corporation - India
- Medco Energi Mining Internasional
- Posco Energy - South Korea
- GVK Power & Infra Limited - India
- South Luzon Thermal Energy Corporation
- Minerals Council of Australia
- Cigading International Bulk Terminal - Indonesia
- Carbofer General Trading SA - India
- Goldman Sachs - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wilmar Investment Holdings
- Bangladesh Power Developement Board
- Gujarat Sidhee Cement - India
- McConnell Dowell - Australia
- SN Aboitiz Power Inc, Philippines
- Indonesian Coal Mining Association
- Vijayanagar Sugar Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Indogreen Group - Indonesia
- Simpson Spence & Young - Indonesia
- GMR Energy Limited - India
- San Jose City I Power Corp, Philippines
- Interocean Group of Companies - India
- Price Waterhouse Coopers - Russia
- Deloitte Consulting - India
- Mercator Lines Limited - India
- Gujarat Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- IEA Clean Coal Centre - UK
- PowerSource Philippines DevCo
- VISA Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- Kideco Jaya Agung - Indonesia
- Makarim & Taira - Indonesia
- Kumho Petrochemical, South Korea
- Larsen & Toubro Limited - India
- Petron Corporation, Philippines
- Central Java Power - Indonesia
- Riau Bara Harum - Indonesia
- Australian Coal Association
- Altura Mining Limited, Indonesia
- Kartika Selabumi Mining - Indonesia
- Sical Logistics Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Neyveli Lignite Corporation Ltd, - India
- PNOC Exploration Corporation - Philippines
- Standard Chartered Bank - UAE
- Indian Energy Exchange, India
- Eastern Energy - Thailand
- Banpu Public Company Limited - Thailand
- Edison Trading Spa - Italy
- Globalindo Alam Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Indian Oil Corporation Limited
- Essar Steel Hazira Ltd - India
- MS Steel International - UAE
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