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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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Monday, 30 December 19
AUSTRALIAN MINERS HIT BY LOWEST THERMAL COAL PRICE IN MORE THAN A DECADE - THE GUARDIAN
Australian coal exporters have experienced the biggest annual drop in thermal coal prices in more than a decade during 2019, raising doubts about i ...
Monday, 30 December 19
INDIA'S COAL IMPORTS RISE 4% TO 161.43 MT IN APRIL-NOVEMBER 2019 - PTI
The country’s coal imports registered an increase of 4.4 per cent to 161.43 million tonnes (MT) in the April-November period of the ongoing f ...
Sunday, 29 December 19
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Sunday, 29 December 19
IMO 2020 COMPLIANCE: IT'S UP TO US TO BE GOOD CITIZENS - IBIA
One of the concerns around implementation of the 0.50% sulphur limit has been, and continues to be, the need for effective enforcement to ensure a ...
Sunday, 29 December 19
AUSTRALIA SUFFERS WORST OF CHINA'S COAL CURBS AFTER EARLIER BOOM - BLOOMBERG
Australia is bearing the brunt of China’s year-end coal import restrictions, ceding market share to other exporters including Russia and Mong ...
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- Bulk Trading Sa - Switzerland
- Power Finance Corporation Ltd., India
- TeaM Sual Corporation - Philippines
- Indian Energy Exchange, India
- Simpson Spence & Young - Indonesia
- Ministry of Mines - Canada
- Goldman Sachs - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Anglo American - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- London Commodity Brokers - England
- Straits Asia Resources Limited - Singapore
- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
- IEA Clean Coal Centre - UK
- Rio Tinto Coal - Australia
- Madhucon Powers Ltd - India
- LBH Netherlands Bv - Netherlands
- Timah Investasi Mineral - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- SMG Consultants - Indonesia
- Dalmia Cement Bharat India
- Oldendorff Carriers - Singapore
- Aditya Birla Group - India
- Romanian Commodities Exchange
- Riau Bara Harum - Indonesia
- Savvy Resources Ltd - HongKong
- Minerals Council of Australia
- Pendopo Energi Batubara - Indonesia
- India Bulls Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Wood Mackenzie - Singapore
- Baramulti Group, Indonesia
- Electricity Generating Authority of Thailand
- Coalindo Energy - Indonesia
- Energy Development Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Eastern Energy - Thailand
- Edison Trading Spa - Italy
- Maheswari Brothers Coal Limited - India
- Port Waratah Coal Services - Australia
- Georgia Ports Authority, United States
- Metalloyd Limited - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Posco Energy - South Korea
- PNOC Exploration Corporation - Philippines
- Trasteel International SA, Italy
- Attock Cement Pakistan Limited
- Siam City Cement - Thailand
- Indogreen Group - Indonesia
- Makarim & Taira - Indonesia
- Bukit Makmur.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Gujarat Sidhee Cement - India
- Karaikal Port Pvt Ltd - India
- Parry Sugars Refinery, India
- TNB Fuel Sdn Bhd - Malaysia
- ICICI Bank Limited - India
- Indian Oil Corporation Limited
- Mjunction Services Limited - India
- Grasim Industreis Ltd - India
- Toyota Tsusho Corporation, Japan
- Globalindo Alam Lestari - Indonesia
- Economic Council, Georgia
- Ceylon Electricity Board - Sri Lanka
- PTC India Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Marubeni Corporation - India
- Sical Logistics Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Krishnapatnam Port Company Ltd. - India
- Salva Resources Pvt Ltd - India
- Africa Commodities Group - South Africa
- Star Paper Mills Limited - India
- McConnell Dowell - Australia
- Bukit Baiduri Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Vizag Seaport Private Limited - India
- Price Waterhouse Coopers - Russia
- CNBM International Corporation - China
- Antam Resourcindo - Indonesia
- Independent Power Producers Association of India
- GVK Power & Infra Limited - India
- The University of Queensland
- South Luzon Thermal Energy Corporation
- GN Power Mariveles Coal Plant, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Latin American Coal - Colombia
- Parliament of New Zealand
- Thai Mozambique Logistica
- Sojitz Corporation - Japan
- Planning Commission, India
- Sree Jayajothi Cements Limited - India
- Global Business Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Australian Commodity Traders Exchange
- Merrill Lynch Commodities Europe
- Uttam Galva Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Mercuria Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Directorate Of Revenue Intelligence - India
- ASAPP Information Group - India
- Bangladesh Power Developement Board
- Agrawal Coal Company - India
- Orica Mining Services - Indonesia
- Petron Corporation, Philippines
- Renaissance Capital - South Africa
- Intertek Mineral Services - Indonesia
- The State Trading Corporation of India Ltd
- European Bulk Services B.V. - Netherlands
- Central Electricity Authority - India
- Cement Manufacturers Association - India
- New Zealand Coal & Carbon
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Global Coal Blending Company Limited - Australia
- Xindia Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Kobexindo Tractors - Indoneisa
- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- Indika Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Orica Australia Pty. Ltd.
- Borneo Indobara - Indonesia
- Kaltim Prima Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Central Java Power - Indonesia
- Singapore Mercantile Exchange
- Jorong Barutama Greston.PT - Indonesia
- Malabar Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Kumho Petrochemical, South Korea
- Tata Chemicals Ltd - India
- Mercator Lines Limited - India
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vedanta Resources Plc - India
- Siam City Cement PLC, Thailand
- Rashtriya Ispat Nigam Limited - India
- Indonesian Coal Mining Association
- Coastal Gujarat Power Limited - India
- Commonwealth Bank - Australia
- White Energy Company Limited
- Kideco Jaya Agung - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Sindya Power Generating Company Private Ltd
- Banpu Public Company Limited - Thailand
- Thiess Contractors Indonesia
- Iligan Light & Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Semirara Mining Corp, Philippines
- CIMB Investment Bank - Malaysia
- Ministry of Finance - Indonesia
- Energy Link Ltd, New Zealand
- Electricity Authority, New Zealand
- Meralco Power Generation, Philippines
- Chamber of Mines of South Africa
- Sarangani Energy Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Barasentosa Lestari - Indonesia
- Carbofer General Trading SA - India
- Ministry of Transport, Egypt
- Deloitte Consulting - India
- Gujarat Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- Global Green Power PLC Corporation, Philippines
- Bharathi Cement Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Tamil Nadu electricity Board
- Lanco Infratech Ltd - India
- VISA Power Limited - India
- Bhushan Steel Limited - India
- Heidelberg Cement - Germany
- San Jose City I Power Corp, Philippines
- Bhatia International Limited - India
- Karbindo Abesyapradhi - Indoneisa
- MS Steel International - UAE
- Bhoruka Overseas - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Mintek Dendrill Indonesia
- Binh Thuan Hamico - Vietnam
- Bayan Resources Tbk. - Indonesia
- Samtan Co., Ltd - South Korea
- Australian Coal Association
- Eastern Coal Council - USA
- IHS Mccloskey Coal Group - USA
- Holcim Trading Pte Ltd - Singapore
- Larsen & Toubro Limited - India
- Medco Energi Mining Internasional
- Petrochimia International Co. Ltd.- Taiwan
- Wilmar Investment Holdings
- Standard Chartered Bank - UAE
- Kohat Cement Company Ltd. - Pakistan
- Coal and Oil Company - UAE
- Interocean Group of Companies - India
- The Treasury - Australian Government
- Bukit Asam (Persero) Tbk - Indonesia
- Videocon Industries ltd - India
- Altura Mining Limited, Indonesia
- OPG Power Generation Pvt Ltd - India
- PowerSource Philippines DevCo
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