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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, 07 February 20
CIL LOOKING TO TAP NON-POWER SECTORS FOR INCREMENTAL COAL, PTI REPORTED
The miner is looking to ramp up production to meet its targets for the current fiscal at a time when the economic slowdown is impacting demand for ...
Friday, 07 February 20
VIRUS - HIT CHINA MAY NEED MORE IMPORTS OF COAL. NOW COMES THE TRICKY PART - SHIPPING IT THERE: REUTERS
China’s domestic coal mines are struggling to ramp up production in the face of the ongoing coronavirus epidemic. That’s a situation th ...
Friday, 07 February 20
CORONAVIRUS IMPACTING THE GLOBAL SHIPPING INDUSTRY - BIMCO
The outbreak of the novel Coronavirus has dented market sentiment and spooked markets around the globe. When China sneezes, we all catch the flu. T ...
Thursday, 06 February 20
CAPE: WEAK SUPPLY/DEMAND RATIO THE STREETS REMAIN BLOODY FOR THE BIG SHIPS - FEARNLEYS
Cape: With still a weak supply/demand ratio the streets remain bloody for the big ships, and actual spot earnings are close to zero on main short-h ...
Thursday, 06 February 20
CHINESE DEMAND KEY UNCERTAINTY FOR SEABORNE COAL MARKET IN 2020 - THE BRICS POST
Coal trader Noble Resources head of research Rodrigo Echeverri Cardozo had penciled in a 3 Mt drop in Chinese import demand for 2020, but it could ...
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- Metalloyd Limited - United Kingdom
- MS Steel International - UAE
- The University of Queensland
- Xindia Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Timah Investasi Mineral - Indoneisa
- Attock Cement Pakistan Limited
- Globalindo Alam Lestari - Indonesia
- Georgia Ports Authority, United States
- Formosa Plastics Group - Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Uttam Galva Steels Limited - India
- McConnell Dowell - Australia
- Star Paper Mills Limited - India
- Straits Asia Resources Limited - Singapore
- Kepco SPC Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Gujarat Sidhee Cement - India
- Standard Chartered Bank - UAE
- Edison Trading Spa - Italy
- Toyota Tsusho Corporation, Japan
- Bangladesh Power Developement Board
- Agrawal Coal Company - India
- Minerals Council of Australia
- Kapuas Tunggal Persada - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Independent Power Producers Association of India
- Neyveli Lignite Corporation Ltd, - India
- Bulk Trading Sa - Switzerland
- Kumho Petrochemical, South Korea
- Electricity Generating Authority of Thailand
- ICICI Bank Limited - India
- SMC Global Power, Philippines
- Sarangani Energy Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Coalindo Energy - Indonesia
- Petron Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- Pendopo Energi Batubara - Indonesia
- Barasentosa Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Pipit Mutiara Jaya. PT, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Singapore Mercantile Exchange
- Banpu Public Company Limited - Thailand
- Coal and Oil Company - UAE
- SN Aboitiz Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- Sindya Power Generating Company Private Ltd
- New Zealand Coal & Carbon
- Kohat Cement Company Ltd. - Pakistan
- Orica Mining Services - Indonesia
- SMG Consultants - Indonesia
- Port Waratah Coal Services - Australia
- Sakthi Sugars Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Indonesian Coal Mining Association
- India Bulls Power Limited - India
- Kobexindo Tractors - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Deloitte Consulting - India
- Thiess Contractors Indonesia
- Indogreen Group - Indonesia
- Binh Thuan Hamico - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Africa Commodities Group - South Africa
- European Bulk Services B.V. - Netherlands
- Thai Mozambique Logistica
- Essar Steel Hazira Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Rio Tinto Coal - Australia
- Kaltim Prima Coal - Indonesia
- ASAPP Information Group - India
- CNBM International Corporation - China
- Malabar Cements Ltd - India
- Semirara Mining Corp, Philippines
- Indian Energy Exchange, India
- Coastal Gujarat Power Limited - India
- Makarim & Taira - Indonesia
- Medco Energi Mining Internasional
- Global Business Power Corporation, Philippines
- Sical Logistics Limited - India
- Trasteel International SA, Italy
- Parliament of New Zealand
- Madhucon Powers Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Mercator Lines Limited - India
- Eastern Energy - Thailand
- VISA Power Limited - India
- Ind-Barath Power Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- GVK Power & Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- OPG Power Generation Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Baramulti Group, Indonesia
- The State Trading Corporation of India Ltd
- Simpson Spence & Young - Indonesia
- Commonwealth Bank - Australia
- Siam City Cement - Thailand
- Indo Tambangraya Megah - Indonesia
- Aditya Birla Group - India
- Jorong Barutama Greston.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Orica Australia Pty. Ltd.
- Chettinad Cement Corporation Ltd - India
- PTC India Limited - India
- Power Finance Corporation Ltd., India
- The Treasury - Australian Government
- Karaikal Port Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Ambuja Cements Ltd - India
- Goldman Sachs - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Holcim Trading Pte Ltd - Singapore
- Vizag Seaport Private Limited - India
- Meenaskhi Energy Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Central Electricity Authority - India
- Oldendorff Carriers - Singapore
- Gujarat Electricity Regulatory Commission - India
- White Energy Company Limited
- Meralco Power Generation, Philippines
- Iligan Light & Power Inc, Philippines
- Vedanta Resources Plc - India
- Gujarat Mineral Development Corp Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Asam (Persero) Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Mjunction Services Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Therma Luzon, Inc, Philippines
- PowerSource Philippines DevCo
- IHS Mccloskey Coal Group - USA
- Global Green Power PLC Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Interocean Group of Companies - India
- CIMB Investment Bank - Malaysia
- Wilmar Investment Holdings
- Samtan Co., Ltd - South Korea
- Grasim Industreis Ltd - India
- Wood Mackenzie - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Eastern Coal Council - USA
- London Commodity Brokers - England
- Carbofer General Trading SA - India
- Cement Manufacturers Association - India
- TeaM Sual Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Chamber of Mines of South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement PLC, Thailand
- Bhatia International Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Intertek Mineral Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sojitz Corporation - Japan
- Tata Chemicals Ltd - India
- Jindal Steel & Power Ltd - India
- Marubeni Corporation - India
- Directorate Of Revenue Intelligence - India
- Central Java Power - Indonesia
- Antam Resourcindo - Indonesia
- Indika Energy - Indonesia
- Electricity Authority, New Zealand
- Heidelberg Cement - Germany
- Borneo Indobara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Latin American Coal - Colombia
- Parry Sugars Refinery, India
- Indian Oil Corporation Limited
- Videocon Industries ltd - India
- Altura Mining Limited, Indonesia
- Renaissance Capital - South Africa
- Price Waterhouse Coopers - Russia
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Finance - Indonesia
- Bhushan Steel Limited - India
- Dalmia Cement Bharat India
- Mercuria Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Ministry of Mines - Canada
- International Coal Ventures Pvt Ltd - India
- Mintek Dendrill Indonesia
- Aboitiz Power Corporation - Philippines
- Lanco Infratech Ltd - India
- Australian Commodity Traders Exchange
- Larsen & Toubro Limited - India
- LBH Netherlands Bv - Netherlands
- Economic Council, Georgia
- Krishnapatnam Port Company Ltd. - India
- Ministry of Transport, Egypt
- South Luzon Thermal Energy Corporation
- GMR Energy Limited - India
- Planning Commission, India
- Romanian Commodities Exchange
- GAC Shipping (India) Pvt Ltd
- Anglo American - United Kingdom
- Energy Development Corp, Philippines
- Riau Bara Harum - Indonesia
- Tamil Nadu electricity Board
- Bukit Baiduri Energy - Indonesia
- Posco Energy - South Korea
- IEA Clean Coal Centre - UK
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