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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, 10 July 19
KOREA SOUTH-EAST POWER INVITES BIDS FOR HCV AND LCV COAL FOR AUGUST 2019 LOADING
COALspot.com: South Korea’s Korea South-East Power Co., Ltd. (KOEN) has issued an international tender for total 460,000 to 500,000 Metric To ...
Wednesday, 10 July 19
SHIPPING MARKET INSIGHT - INTERMODAL
In contrast with the general expectations for the dry bulk market, the sector was not positive or even stable during the past 6 months. The warning ...
Monday, 08 July 19
INDONESIAN COAL PRICE REFERENCE POSTS BIGGEST MONTHLY LOSS SINCE JANUARY 2017
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down again the benchmark price of Indonesian th ...
Monday, 08 July 19
ULTRAMAX: A 52,000-TONNER OPEN CJK FIXED FOR A TRIP VIA INDONESIA WITH RE-DELIVERY CHINA AT $6,100 - BALTIC BRIEFING
Capesize
The Capesize market surged over the past week, reaching highs not seen since August last year. Widespread activity in both basins saw ...
Wednesday, 03 July 19
SHIPPING MARKET INSIGHT - INTERMODAL
The global shipping industry is facing numerous challenges at a time when geopolitical turmoil has escalated in view of the recent tension in the M ...
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- Bukit Makmur.PT - Indonesia
- Singapore Mercantile Exchange
- Orica Australia Pty. Ltd.
- Alfred C Toepfer International GmbH - Germany
- Metalloyd Limited - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Dalmia Cement Bharat India
- IEA Clean Coal Centre - UK
- International Coal Ventures Pvt Ltd - India
- Anglo American - United Kingdom
- Marubeni Corporation - India
- Energy Development Corp, Philippines
- PTC India Limited - India
- Lanco Infratech Ltd - India
- Madhucon Powers Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Malabar Cements Ltd - India
- Ambuja Cements Ltd - India
- Central Java Power - Indonesia
- Grasim Industreis Ltd - India
- Directorate Of Revenue Intelligence - India
- Indo Tambangraya Megah - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pendopo Energi Batubara - Indonesia
- Orica Mining Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Central Electricity Authority - India
- Binh Thuan Hamico - Vietnam
- Meenaskhi Energy Private Limited - India
- Siam City Cement PLC, Thailand
- Formosa Plastics Group - Taiwan
- Sree Jayajothi Cements Limited - India
- Kumho Petrochemical, South Korea
- McConnell Dowell - Australia
- Electricity Generating Authority of Thailand
- Borneo Indobara - Indonesia
- Planning Commission, India
- Vedanta Resources Plc - India
- Bukit Baiduri Energy - Indonesia
- PowerSource Philippines DevCo
- Offshore Bulk Terminal Pte Ltd, Singapore
- Heidelberg Cement - Germany
- Eastern Energy - Thailand
- Savvy Resources Ltd - HongKong
- Georgia Ports Authority, United States
- Posco Energy - South Korea
- Goldman Sachs - Singapore
- Renaissance Capital - South Africa
- Antam Resourcindo - Indonesia
- Energy Link Ltd, New Zealand
- Latin American Coal - Colombia
- Semirara Mining Corp, Philippines
- Eastern Coal Council - USA
- Standard Chartered Bank - UAE
- Sakthi Sugars Limited - India
- Samtan Co., Ltd - South Korea
- Edison Trading Spa - Italy
- Minerals Council of Australia
- PNOC Exploration Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Salva Resources Pvt Ltd - India
- Attock Cement Pakistan Limited
- Kohat Cement Company Ltd. - Pakistan
- Xindia Steels Limited - India
- Simpson Spence & Young - Indonesia
- Videocon Industries ltd - India
- Straits Asia Resources Limited - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bangladesh Power Developement Board
- Makarim & Taira - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- SN Aboitiz Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Port Waratah Coal Services - Australia
- Wood Mackenzie - Singapore
- Australian Commodity Traders Exchange
- Commonwealth Bank - Australia
- Kalimantan Lumbung Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- Mercator Lines Limited - India
- Barasentosa Lestari - Indonesia
- Larsen & Toubro Limited - India
- Power Finance Corporation Ltd., India
- GMR Energy Limited - India
- Banpu Public Company Limited - Thailand
- Bulk Trading Sa - Switzerland
- Gujarat Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Interocean Group of Companies - India
- Vijayanagar Sugar Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- The Treasury - Australian Government
- Mjunction Services Limited - India
- Parry Sugars Refinery, India
- San Jose City I Power Corp, Philippines
- White Energy Company Limited
- GAC Shipping (India) Pvt Ltd
- Gujarat Sidhee Cement - India
- Independent Power Producers Association of India
- Sindya Power Generating Company Private Ltd
- Romanian Commodities Exchange
- Riau Bara Harum - Indonesia
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- Oldendorff Carriers - Singapore
- CNBM International Corporation - China
- India Bulls Power Limited - India
- Indian Energy Exchange, India
- Carbofer General Trading SA - India
- New Zealand Coal & Carbon
- GVK Power & Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Tata Chemicals Ltd - India
- Thai Mozambique Logistica
- Global Coal Blending Company Limited - Australia
- Kartika Selabumi Mining - Indonesia
- Bhushan Steel Limited - India
- Cement Manufacturers Association - India
- Jindal Steel & Power Ltd - India
- Trasteel International SA, Italy
- Mercuria Energy - Indonesia
- MS Steel International - UAE
- Altura Mining Limited, Indonesia
- Global Business Power Corporation, Philippines
- Indika Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Leighton Contractors Pty Ltd - Australia
- Agrawal Coal Company - India
- Economic Council, Georgia
- Therma Luzon, Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Australian Coal Association
- Aditya Birla Group - India
- Asmin Koalindo Tuhup - Indonesia
- TeaM Sual Corporation - Philippines
- Indian Oil Corporation Limited
- Indonesian Coal Mining Association
- GN Power Mariveles Coal Plant, Philippines
- Essar Steel Hazira Ltd - India
- Bayan Resources Tbk. - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMC Global Power, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chamber of Mines of South Africa
- Merrill Lynch Commodities Europe
- Africa Commodities Group - South Africa
- IHS Mccloskey Coal Group - USA
- Thiess Contractors Indonesia
- Electricity Authority, New Zealand
- Ind-Barath Power Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
- Ministry of Finance - Indonesia
- LBH Netherlands Bv - Netherlands
- Wilmar Investment Holdings
- Globalindo Alam Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Medco Energi Mining Internasional
- Sarangani Energy Corporation, Philippines
- Tamil Nadu electricity Board
- Rashtriya Ispat Nigam Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bharathi Cement Corporation - India
- Global Green Power PLC Corporation, Philippines
- Ministry of Transport, Egypt
- Price Waterhouse Coopers - Russia
- Rio Tinto Coal - Australia
- Star Paper Mills Limited - India
- Sojitz Corporation - Japan
- Intertek Mineral Services - Indonesia
- Bhoruka Overseas - Indonesia
- The University of Queensland
- Bukit Asam (Persero) Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Parliament of New Zealand
- Jaiprakash Power Ventures ltd
- Bhatia International Limited - India
- Meralco Power Generation, Philippines
- ICICI Bank Limited - India
- Sical Logistics Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Timah Investasi Mineral - Indoneisa
- Toyota Tsusho Corporation, Japan
- ASAPP Information Group - India
- Uttam Galva Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- OPG Power Generation Pvt Ltd - India
- Coal and Oil Company - UAE
- PetroVietnam Power Coal Import and Supply Company
- Miang Besar Coal Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- SMG Consultants - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Coastal Gujarat Power Limited - India
- The State Trading Corporation of India Ltd
- Neyveli Lignite Corporation Ltd, - India
- CIMB Investment Bank - Malaysia
- Iligan Light & Power Inc, Philippines
- Ministry of Mines - Canada
- VISA Power Limited - India
- London Commodity Brokers - England
- Siam City Cement - Thailand
- Kideco Jaya Agung - Indonesia
- Manunggal Multi Energi - Indonesia
- Vizag Seaport Private Limited - India
- Kobexindo Tractors - Indoneisa
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