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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, 19 December 19
BANGLADESH'S NBR CUTS VAT ON COAL IMPORT FOR POWER PLANTS - THE DAILY STAR
The National Board of Revenue (NBR) reduced value added tax on the import of coal for power plants to 5 percent from present 15 percent for five ye ...
Wednesday, 18 December 19
AVERAGE PRICES OF COAL IN 2018 WERE MORE THAN 60% HIGHER THAN IN 2016 - IEA
Coal use grew again in 2018.
Global coal demand increased by 1.1%, continuing the rebound that began in 2017 after three years of decline ...
Wednesday, 18 December 19
ASIA IS SET TO SUPPORT GLOBAL COAL DEMAND FOR THE NEXT FIVE YEARS - IEA
Press Release: Global coal demand is expected to decline in 2019 but remain broadly stable over the next five years, supported by robust growth in ...
Wednesday, 18 December 19
SHIPPING MARKET INSIGHT - INTERMODAL
As we all know very well by now, the reduction in the maximum allowable sulphur content of marine fuels in 2020 is likely to have a massive impact ...
Tuesday, 17 December 19
AUSTRALIA ENERGY MARKET OPERATOR TURNS SCROOGE ON COAL LOBBY: RUSSELL
Australia, which vies with Indonesia for the title of the world’s largest coal exporter, is planning for an electricity future where use of t ...
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- Miang Besar Coal Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Essar Steel Hazira Ltd - India
- Indonesian Coal Mining Association
- GVK Power & Infra Limited - India
- Orica Australia Pty. Ltd.
- Intertek Mineral Services - Indonesia
- Metalloyd Limited - United Kingdom
- Dalmia Cement Bharat India
- Binh Thuan Hamico - Vietnam
- European Bulk Services B.V. - Netherlands
- Carbofer General Trading SA - India
- Mintek Dendrill Indonesia
- Tata Chemicals Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhoruka Overseas - Indonesia
- Planning Commission, India
- Kumho Petrochemical, South Korea
- San Jose City I Power Corp, Philippines
- Riau Bara Harum - Indonesia
- Orica Mining Services - Indonesia
- Indogreen Group - Indonesia
- Wood Mackenzie - Singapore
- Semirara Mining Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Karaikal Port Pvt Ltd - India
- Georgia Ports Authority, United States
- Pipit Mutiara Jaya. PT, Indonesia
- Vedanta Resources Plc - India
- Karbindo Abesyapradhi - Indoneisa
- GMR Energy Limited - India
- Alfred C Toepfer International GmbH - Germany
- Kapuas Tunggal Persada - Indonesia
- McConnell Dowell - Australia
- Parry Sugars Refinery, India
- Australian Coal Association
- Heidelberg Cement - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Sidhee Cement - India
- Goldman Sachs - Singapore
- London Commodity Brokers - England
- Gujarat Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- International Coal Ventures Pvt Ltd - India
- SMG Consultants - Indonesia
- Baramulti Group, Indonesia
- Eastern Coal Council - USA
- Rashtriya Ispat Nigam Limited - India
- Coalindo Energy - Indonesia
- Romanian Commodities Exchange
- Power Finance Corporation Ltd., India
- Kartika Selabumi Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Savvy Resources Ltd - HongKong
- Simpson Spence & Young - Indonesia
- Salva Resources Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Maharashtra Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- South Luzon Thermal Energy Corporation
- Makarim & Taira - Indonesia
- Sree Jayajothi Cements Limited - India
- Cement Manufacturers Association - India
- Bulk Trading Sa - Switzerland
- TeaM Sual Corporation - Philippines
- VISA Power Limited - India
- Meenaskhi Energy Private Limited - India
- PowerSource Philippines DevCo
- Sojitz Corporation - Japan
- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- Videocon Industries ltd - India
- Anglo American - United Kingdom
- Bangladesh Power Developement Board
- Bukit Makmur.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- Global Green Power PLC Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Central Java Power - Indonesia
- Cigading International Bulk Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Pendopo Energi Batubara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- PTC India Limited - India
- Uttam Galva Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Chamber of Mines of South Africa
- Bukit Baiduri Energy - Indonesia
- Bharathi Cement Corporation - India
- Straits Asia Resources Limited - Singapore
- Aditya Birla Group - India
- Larsen & Toubro Limited - India
- LBH Netherlands Bv - Netherlands
- Deloitte Consulting - India
- IEA Clean Coal Centre - UK
- SN Aboitiz Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Bayan Resources Tbk. - Indonesia
- Madhucon Powers Ltd - India
- Antam Resourcindo - Indonesia
- Banpu Public Company Limited - Thailand
- Vizag Seaport Private Limited - India
- Bhatia International Limited - India
- Malabar Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Globalindo Alam Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Petron Corporation, Philippines
- Electricity Generating Authority of Thailand
- Xindia Steels Limited - India
- Jindal Steel & Power Ltd - India
- Kaltim Prima Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Central Electricity Authority - India
- Ind-Barath Power Infra Limited - India
- Renaissance Capital - South Africa
- Therma Luzon, Inc, Philippines
- Port Waratah Coal Services - Australia
- Economic Council, Georgia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Commonwealth Bank - Australia
- Barasentosa Lestari - Indonesia
- Lanco Infratech Ltd - India
- Independent Power Producers Association of India
- Grasim Industreis Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Latin American Coal - Colombia
- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
- Kepco SPC Power Corporation, Philippines
- Marubeni Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jaiprakash Power Ventures ltd
- Medco Energi Mining Internasional
- Indian Oil Corporation Limited
- IHS Mccloskey Coal Group - USA
- Star Paper Mills Limited - India
- Sical Logistics Limited - India
- Manunggal Multi Energi - Indonesia
- Coal and Oil Company - UAE
- Global Coal Blending Company Limited - Australia
- Mercuria Energy - Indonesia
- Rio Tinto Coal - Australia
- Meralco Power Generation, Philippines
- The Treasury - Australian Government
- The University of Queensland
- Singapore Mercantile Exchange
- Global Business Power Corporation, Philippines
- CNBM International Corporation - China
- Ambuja Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Eastern Energy - Thailand
- AsiaOL BioFuels Corp., Philippines
- Jorong Barutama Greston.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Ministry of Mines - Canada
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- New Zealand Coal & Carbon
- Mjunction Services Limited - India
- Sakthi Sugars Limited - India
- India Bulls Power Limited - India
- Thai Mozambique Logistica
- Interocean Group of Companies - India
- Energy Development Corp, Philippines
- Indian Energy Exchange, India
- Ministry of Finance - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Indo Tambangraya Megah - Indonesia
- ASAPP Information Group - India
- Altura Mining Limited, Indonesia
- Kobexindo Tractors - Indoneisa
- Price Waterhouse Coopers - Russia
- Kalimantan Lumbung Energi - Indonesia
- White Energy Company Limited
- Energy Link Ltd, New Zealand
- Australian Commodity Traders Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Africa Commodities Group - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Attock Cement Pakistan Limited
- Agrawal Coal Company - India
- Bhushan Steel Limited - India
- Tamil Nadu electricity Board
- Ministry of Transport, Egypt
- Borneo Indobara - Indonesia
- CIMB Investment Bank - Malaysia
- Indika Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Edison Trading Spa - Italy
- Wilmar Investment Holdings
- Leighton Contractors Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Mercator Lines Limited - India
- Parliament of New Zealand
- SMC Global Power, Philippines
- Minerals Council of Australia
- Kideco Jaya Agung - Indonesia
- Posco Energy - South Korea
- Timah Investasi Mineral - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Oldendorff Carriers - Singapore
- PNOC Exploration Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Electricity Authority, New Zealand
- Directorate Of Revenue Intelligence - India
- Iligan Light & Power Inc, Philippines
- MS Steel International - UAE
- Siam City Cement - Thailand
- Sindya Power Generating Company Private Ltd
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