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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, 12 December 19
KOWEPO INVITING BIDS FOR 2.28 MILLION TONS OF MIN.4,400 NCV COAL
COALspot.com: South Korea’s Korea Western Power Co., Ltd. (KOWEPO) has issued an international tender for total 2,280,000 tons of (Sub) Bitum ...
Wednesday, 11 December 19
PANAMAX: THE MARKET REMAINED FIRM IN THE PACIFIC, WITH INCREASED ACTIVITY NOTED IN KEY AREAS, SUCH AS INDONESIA - ALLIED
Capesize – Positive momentum was resumed this past week, with earnings mak-ing some gains once again. This rising pattern was reflected in th ...
Tuesday, 10 December 19
PREPARATIONS INTENSIFY AS IMO 2020 GLOBAL SULPHUR CAP LOOMS - STANDARD CLUB
With less than a month to go for the impending IMO 2020 global sulphur cap, the club has started witnessing dispute cases relating to the measureme ...
Monday, 09 December 19
KOREA SOUTHERN POWER CO LTD IS INVITING OFFERS FOR MIN 3700 NCV COAL
COALspot.com: South Korea’s Korea East-West Power Co. Ltd has issued an international tender for 160,000 Tons steam coal.
Acco ...
Saturday, 07 December 19
CHINA'S BENCHMARK POWER COAL PRICE DROPS SLIGHTLY - XINHUA
China’s benchmark power coal price dropped slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge ...
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- Petron Corporation, Philippines
- Meralco Power Generation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Carbofer General Trading SA - India
- Sree Jayajothi Cements Limited - India
- Deloitte Consulting - India
- Miang Besar Coal Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Tamil Nadu electricity Board
- Posco Energy - South Korea
- Australian Coal Association
- Simpson Spence & Young - Indonesia
- Antam Resourcindo - Indonesia
- Bangladesh Power Developement Board
- Directorate Of Revenue Intelligence - India
- Australian Commodity Traders Exchange
- GMR Energy Limited - India
- Aboitiz Power Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- International Coal Ventures Pvt Ltd - India
- Latin American Coal - Colombia
- Madhucon Powers Ltd - India
- Kumho Petrochemical, South Korea
- PowerSource Philippines DevCo
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Commonwealth Bank - Australia
- GN Power Mariveles Coal Plant, Philippines
- Altura Mining Limited, Indonesia
- Coal and Oil Company - UAE
- Lanco Infratech Ltd - India
- Wood Mackenzie - Singapore
- Kaltim Prima Coal - Indonesia
- Rio Tinto Coal - Australia
- VISA Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- The University of Queensland
- SN Aboitiz Power Inc, Philippines
- MS Steel International - UAE
- Heidelberg Cement - Germany
- LBH Netherlands Bv - Netherlands
- Bhushan Steel Limited - India
- Global Coal Blending Company Limited - Australia
- Romanian Commodities Exchange
- Indian Energy Exchange, India
- Bukit Asam (Persero) Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Ministry of Mines - Canada
- Oldendorff Carriers - Singapore
- Ind-Barath Power Infra Limited - India
- India Bulls Power Limited - India
- Eastern Coal Council - USA
- CIMB Investment Bank - Malaysia
- Bulk Trading Sa - Switzerland
- Gujarat Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- Economic Council, Georgia
- Bayan Resources Tbk. - Indonesia
- PTC India Limited - India
- Holcim Trading Pte Ltd - Singapore
- ICICI Bank Limited - India
- Dalmia Cement Bharat India
- Orica Australia Pty. Ltd.
- Sinarmas Energy and Mining - Indonesia
- Eastern Energy - Thailand
- Thiess Contractors Indonesia
- Iligan Light & Power Inc, Philippines
- Vedanta Resources Plc - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Authority, New Zealand
- Mjunction Services Limited - India
- Chamber of Mines of South Africa
- Larsen & Toubro Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Orica Mining Services - Indonesia
- Minerals Council of Australia
- Kalimantan Lumbung Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- Planning Commission, India
- San Jose City I Power Corp, Philippines
- Ambuja Cements Ltd - India
- Tata Chemicals Ltd - India
- Merrill Lynch Commodities Europe
- Uttam Galva Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Bukit Makmur.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Power Finance Corporation Ltd., India
- Formosa Plastics Group - Taiwan
- McConnell Dowell - Australia
- White Energy Company Limited
- Sindya Power Generating Company Private Ltd
- South Luzon Thermal Energy Corporation
- Siam City Cement PLC, Thailand
- Metalloyd Limited - United Kingdom
- Videocon Industries ltd - India
- Binh Thuan Hamico - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Vizag Seaport Private Limited - India
- Electricity Generating Authority of Thailand
- Therma Luzon, Inc, Philippines
- Borneo Indobara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Jindal Steel & Power Ltd - India
- CNBM International Corporation - China
- Alfred C Toepfer International GmbH - Germany
- Medco Energi Mining Internasional
- Malabar Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Attock Cement Pakistan Limited
- Salva Resources Pvt Ltd - India
- Singapore Mercantile Exchange
- Kideco Jaya Agung - Indonesia
- Sical Logistics Limited - India
- European Bulk Services B.V. - Netherlands
- Central Java Power - Indonesia
- Kartika Selabumi Mining - Indonesia
- TeaM Sual Corporation - Philippines
- ASAPP Information Group - India
- Toyota Tsusho Corporation, Japan
- Coastal Gujarat Power Limited - India
- Samtan Co., Ltd - South Korea
- Indo Tambangraya Megah - Indonesia
- Cement Manufacturers Association - India
- Trasteel International SA, Italy
- Parry Sugars Refinery, India
- Xindia Steels Limited - India
- SMG Consultants - Indonesia
- Intertek Mineral Services - Indonesia
- Banpu Public Company Limited - Thailand
- Essar Steel Hazira Ltd - India
- Energy Link Ltd, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Indian Oil Corporation Limited
- Kapuas Tunggal Persada - Indonesia
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Indogreen Group - Indonesia
- Georgia Ports Authority, United States
- SMC Global Power, Philippines
- Kobexindo Tractors - Indoneisa
- Baramulti Group, Indonesia
- Maheswari Brothers Coal Limited - India
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- Jaiprakash Power Ventures ltd
- Sakthi Sugars Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Standard Chartered Bank - UAE
- Ministry of Transport, Egypt
- Mintek Dendrill Indonesia
- Bhoruka Overseas - Indonesia
- Ministry of Finance - Indonesia
- Thai Mozambique Logistica
- London Commodity Brokers - England
- Pipit Mutiara Jaya. PT, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- The Treasury - Australian Government
- Bank of Tokyo Mitsubishi UFJ Ltd
- The State Trading Corporation of India Ltd
- Bharathi Cement Corporation - India
- Gujarat Sidhee Cement - India
- Indika Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parliament of New Zealand
- AsiaOL BioFuels Corp., Philippines
- Kohat Cement Company Ltd. - Pakistan
- Asmin Koalindo Tuhup - Indonesia
- Globalindo Alam Lestari - Indonesia
- Star Paper Mills Limited - India
- Bhatia International Limited - India
- Barasentosa Lestari - Indonesia
- Indonesian Coal Mining Association
- Semirara Mining Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- New Zealand Coal & Carbon
- Leighton Contractors Pty Ltd - Australia
- Marubeni Corporation - India
- Energy Development Corp, Philippines
- Agrawal Coal Company - India
- Independent Power Producers Association of India
- Central Electricity Authority - India
- Rashtriya Ispat Nigam Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercuria Energy - Indonesia
- Siam City Cement - Thailand
- Maharashtra Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Cigading International Bulk Terminal - Indonesia
- GVK Power & Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Sojitz Corporation - Japan
- Makarim & Taira - Indonesia
- IHS Mccloskey Coal Group - USA
- Karaikal Port Pvt Ltd - India
- Goldman Sachs - Singapore
- Manunggal Multi Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Africa Commodities Group - South Africa
- Pendopo Energi Batubara - Indonesia
- Price Waterhouse Coopers - Russia
- Timah Investasi Mineral - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining and Power Corporation, Philippines
- Wilmar Investment Holdings
- Aditya Birla Group - India
- Coalindo Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Jorong Barutama Greston.PT - Indonesia
- Global Business Power Corporation, Philippines
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