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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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Wednesday, 15 January 20
ASIA PACIFIC GAS AND LNG - 6 THEMES TO WATCH IN 2020 - WOOD MACKENZIE
NEWS RELEASE
Wood Mackenzie has identified six themes that will impact Asia Pacific’s gas and LNG markets in 2020
Asian LNG spot pr ...
Wednesday, 15 January 20
PREDICTIONS FOR 2020: 'SLOWBALISATION" IS THE NEW GLOBALISATION - PWC
Projecting what the future holds is an important exercise for businesses looking to plan ahead. Below we present a summary of some of the themes we ...
Wednesday, 15 January 20
SHIPPING MARKET INSIGHT - INERMODAL
Happy New Year and all the best for IMO 2020 !!
The early days of IMO 2020 coming into force have certainly had an impact on the indus ...
Tuesday, 14 January 20
SOLAS AMENDMENTS ENTERING INTO FORCE 1 JANUARY 2020 - STANDARD CLUB
While the latest amendments to MARPOL annex VI which entered into force on 1 January 2020 limiting the SOx emissions from ships has been the centre ...
Tuesday, 14 January 20
MABUX: BUNKER MARKET THIS MORNING, JAN.14
MABUX World Bunker Index (consists of a range of prices for 380 HSFO, 180 HSFO and MGO (Gasoil) in the main world hubs) changed insignificant and i ...
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- CNBM International Corporation - China
- Ministry of Mines - Canada
- Semirara Mining and Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Electricity Authority, New Zealand
- Iligan Light & Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Salva Resources Pvt Ltd - India
- Eastern Coal Council - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- Latin American Coal - Colombia
- Parry Sugars Refinery, India
- Simpson Spence & Young - Indonesia
- Binh Thuan Hamico - Vietnam
- Kumho Petrochemical, South Korea
- South Luzon Thermal Energy Corporation
- Central Electricity Authority - India
- Grasim Industreis Ltd - India
- Standard Chartered Bank - UAE
- Altura Mining Limited, Indonesia
- SMC Global Power, Philippines
- Meenaskhi Energy Private Limited - India
- SMG Consultants - Indonesia
- Barasentosa Lestari - Indonesia
- Indonesian Coal Mining Association
- Banpu Public Company Limited - Thailand
- Timah Investasi Mineral - Indoneisa
- Essar Steel Hazira Ltd - India
- GVK Power & Infra Limited - India
- Merrill Lynch Commodities Europe
- Ambuja Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Therma Luzon, Inc, Philippines
- Intertek Mineral Services - Indonesia
- Planning Commission, India
- Samtan Co., Ltd - South Korea
- Xindia Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Uttam Galva Steels Limited - India
- Global Coal Blending Company Limited - Australia
- New Zealand Coal & Carbon
- Bhushan Steel Limited - India
- Siam City Cement PLC, Thailand
- Global Business Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Singapore Mercantile Exchange
- Oldendorff Carriers - Singapore
- Indian Oil Corporation Limited
- IHS Mccloskey Coal Group - USA
- Minerals Council of Australia
- Mercuria Energy - Indonesia
- VISA Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Heidelberg Cement - Germany
- MS Steel International - UAE
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- Trasteel International SA, Italy
- Asmin Koalindo Tuhup - Indonesia
- Bulk Trading Sa - Switzerland
- SN Aboitiz Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Kideco Jaya Agung - Indonesia
- Goldman Sachs - Singapore
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
- Sakthi Sugars Limited - India
- ICICI Bank Limited - India
- Orica Mining Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Asam (Persero) Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Larsen & Toubro Limited - India
- Port Waratah Coal Services - Australia
- Bhoruka Overseas - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Economic Council, Georgia
- Agrawal Coal Company - India
- Indian Energy Exchange, India
- Chamber of Mines of South Africa
- McConnell Dowell - Australia
- GMR Energy Limited - India
- Mercator Lines Limited - India
- Krishnapatnam Port Company Ltd. - India
- Bukit Makmur.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- San Jose City I Power Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
- Rio Tinto Coal - Australia
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Price Waterhouse Coopers - Russia
- Jindal Steel & Power Ltd - India
- OPG Power Generation Pvt Ltd - India
- Dalmia Cement Bharat India
- Kartika Selabumi Mining - Indonesia
- Tata Chemicals Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- PNOC Exploration Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Karbindo Abesyapradhi - Indoneisa
- Savvy Resources Ltd - HongKong
- Orica Australia Pty. Ltd.
- Interocean Group of Companies - India
- Kaltim Prima Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Globalindo Alam Lestari - Indonesia
- Riau Bara Harum - Indonesia
- Tamil Nadu electricity Board
- Makarim & Taira - Indonesia
- Posco Energy - South Korea
- Aboitiz Power Corporation - Philippines
- Bhatia International Limited - India
- Videocon Industries ltd - India
- Thai Mozambique Logistica
- Medco Energi Mining Internasional
- Sindya Power Generating Company Private Ltd
- Petrochimia International Co. Ltd.- Taiwan
- India Bulls Power Limited - India
- Georgia Ports Authority, United States
- GAC Shipping (India) Pvt Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Baramulti Group, Indonesia
- Star Paper Mills Limited - India
- Lanco Infratech Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- ASAPP Information Group - India
- The Treasury - Australian Government
- Global Green Power PLC Corporation, Philippines
- Indika Energy - Indonesia
- Australian Coal Association
- Deloitte Consulting - India
- Manunggal Multi Energi - Indonesia
- Wood Mackenzie - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Bangladesh Power Developement Board
- Ministry of Transport, Egypt
- Vizag Seaport Private Limited - India
- Carbofer General Trading SA - India
- Toyota Tsusho Corporation, Japan
- Renaissance Capital - South Africa
- Cement Manufacturers Association - India
- Petron Corporation, Philippines
- Aditya Birla Group - India
- Mjunction Services Limited - India
- Leighton Contractors Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Marubeni Corporation - India
- White Energy Company Limited
- London Commodity Brokers - England
- Energy Link Ltd, New Zealand
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
- Attock Cement Pakistan Limited
- Romanian Commodities Exchange
- GN Power Mariveles Coal Plant, Philippines
- Wilmar Investment Holdings
- The State Trading Corporation of India Ltd
- Straits Asia Resources Limited - Singapore
- Gujarat Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
- Jaiprakash Power Ventures ltd
- Coalindo Energy - Indonesia
- Coal and Oil Company - UAE
- Miang Besar Coal Terminal - Indonesia
- Vedanta Resources Plc - India
- Parliament of New Zealand
- Rashtriya Ispat Nigam Limited - India
- Electricity Generating Authority of Thailand
- Metalloyd Limited - United Kingdom
- Kobexindo Tractors - Indoneisa
- Ind-Barath Power Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Anglo American - United Kingdom
- Antam Resourcindo - Indonesia
- Indogreen Group - Indonesia
- Australian Commodity Traders Exchange
- Thiess Contractors Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Billiton Holdings Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Borneo Indobara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Independent Power Producers Association of India
- AsiaOL BioFuels Corp., Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Semirara Mining Corp, Philippines
- Ministry of Finance - Indonesia
- Coastal Gujarat Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- PowerSource Philippines DevCo
- Central Java Power - Indonesia
- LBH Netherlands Bv - Netherlands
- Malabar Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Edison Trading Spa - Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meralco Power Generation, Philippines
- TeaM Sual Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The University of Queensland
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