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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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Tuesday, 17 January 23
CHINA'S SHANXI TARGETS 2023 COAL PRODUCTION OF NEARLY 1.37B TONS - XINHUA
China’s coal-rich province of Shanxi has set a coal production target of nearly 1.37 billion metric tons for 2023, according to a government ...
Tuesday, 17 January 23
MARKET INSIGHT - INTERMODAL
Rumor has it that the New Year has come, to set the pace in, for Russia to continue hostilities against Ukraine. Ten months on the go, into Russia& ...
Tuesday, 17 January 23
INDONESIA IS ACCOUNTING FOR 32.3% OF THE GLOBAL SEABORNE COAL MARKET IN 2022 - BENCHERO COSTA
After a slow start in the first quarter, global coal trade has really picked up pace last year, and is now fully back to pre-Covid levels, Benchero ...
Tuesday, 10 January 23
INDONESIAN HBA IS SEEING A SPIKE IN JANUARY 2023 INSTEAD OF A SIGNIFICANT FALL IN DECEMBER 2022
COALspot.com: Indonesian Coal Price Reference up 8.43% in January 2023.
HBA is seeing a dramatic spike in January 2023 i ...
Sunday, 08 January 23
INDIAN COAL POWER PLANTS SHOULD BE COMPENSATED FOR 2022 FORCED GENERATION – REGULATOR : REUTERS
Indian power plants that rely on imported coal should be fully compensated when forced to supply electricity, the country’s power regulator s ...
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- Energy Link Ltd, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Indian Oil Corporation Limited
- Sree Jayajothi Cements Limited - India
- The University of Queensland
- Essar Steel Hazira Ltd - India
- PTC India Limited - India
- Krishnapatnam Port Company Ltd. - India
- VISA Power Limited - India
- Wilmar Investment Holdings
- Asmin Koalindo Tuhup - Indonesia
- Sinarmas Energy and Mining - Indonesia
- PowerSource Philippines DevCo
- Bank of Tokyo Mitsubishi UFJ Ltd
- Posco Energy - South Korea
- Standard Chartered Bank - UAE
- Parry Sugars Refinery, India
- Holcim Trading Pte Ltd - Singapore
- Orica Mining Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Central Electricity Authority - India
- Tamil Nadu electricity Board
- International Coal Ventures Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Australian Commodity Traders Exchange
- SMC Global Power, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Neyveli Lignite Corporation Ltd, - India
- Kaltim Prima Coal - Indonesia
- Commonwealth Bank - Australia
- South Luzon Thermal Energy Corporation
- Mintek Dendrill Indonesia
- Sakthi Sugars Limited - India
- Kohat Cement Company Ltd. - Pakistan
- OPG Power Generation Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Orica Australia Pty. Ltd.
- Manunggal Multi Energi - Indonesia
- Samtan Co., Ltd - South Korea
- Kumho Petrochemical, South Korea
- Miang Besar Coal Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Global Business Power Corporation, Philippines
- Parliament of New Zealand
- Malabar Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Interocean Group of Companies - India
- Ministry of Transport, Egypt
- Bayan Resources Tbk. - Indonesia
- Attock Cement Pakistan Limited
- Baramulti Group, Indonesia
- Tata Chemicals Ltd - India
- Marubeni Corporation - India
- Vizag Seaport Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Goldman Sachs - Singapore
- MS Steel International - UAE
- Dalmia Cement Bharat India
- Indian Energy Exchange, India
- Jorong Barutama Greston.PT - Indonesia
- Altura Mining Limited, Indonesia
- Intertek Mineral Services - Indonesia
- McConnell Dowell - Australia
- Ministry of Mines - Canada
- Romanian Commodities Exchange
- Ambuja Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Coastal Gujarat Power Limited - India
- Salva Resources Pvt Ltd - India
- Trasteel International SA, Italy
- Cigading International Bulk Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Jaiprakash Power Ventures ltd
- Barasentosa Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- GVK Power & Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Toyota Tsusho Corporation, Japan
- Straits Asia Resources Limited - Singapore
- Vedanta Resources Plc - India
- Semirara Mining and Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Bharathi Cement Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Australian Coal Association
- Therma Luzon, Inc, Philippines
- Simpson Spence & Young - Indonesia
- Energy Development Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Agrawal Coal Company - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sindya Power Generating Company Private Ltd
- Central Java Power - Indonesia
- Sical Logistics Limited - India
- Sojitz Corporation - Japan
- London Commodity Brokers - England
- Indogreen Group - Indonesia
- Global Green Power PLC Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Anglo American - United Kingdom
- Borneo Indobara - Indonesia
- Lanco Infratech Ltd - India
- Metalloyd Limited - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Petron Corporation, Philippines
- Meralco Power Generation, Philippines
- Kartika Selabumi Mining - Indonesia
- Georgia Ports Authority, United States
- Oldendorff Carriers - Singapore
- The Treasury - Australian Government
- Makarim & Taira - Indonesia
- Kepco SPC Power Corporation, Philippines
- Coal and Oil Company - UAE
- Banpu Public Company Limited - Thailand
- Mercator Lines Limited - India
- Directorate Of Revenue Intelligence - India
- Thiess Contractors Indonesia
- Aditya Birla Group - India
- Eastern Energy - Thailand
- Mercuria Energy - Indonesia
- Bhoruka Overseas - Indonesia
- ICICI Bank Limited - India
- Chettinad Cement Corporation Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- Kalimantan Lumbung Energi - Indonesia
- Rio Tinto Coal - Australia
- Indika Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Africa Commodities Group - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Singapore Mercantile Exchange
- Minerals Council of Australia
- Alfred C Toepfer International GmbH - Germany
- Wood Mackenzie - Singapore
- Jindal Steel & Power Ltd - India
- Videocon Industries ltd - India
- Port Waratah Coal Services - Australia
- European Bulk Services B.V. - Netherlands
- India Bulls Power Limited - India
- Eastern Coal Council - USA
- Gujarat Sidhee Cement - India
- Savvy Resources Ltd - HongKong
- CNBM International Corporation - China
- AsiaOL BioFuels Corp., Philippines
- Planning Commission, India
- The State Trading Corporation of India Ltd
- IEA Clean Coal Centre - UK
- Coalindo Energy - Indonesia
- Ministry of Finance - Indonesia
- Medco Energi Mining Internasional
- Binh Thuan Hamico - Vietnam
- San Jose City I Power Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- PNOC Exploration Corporation - Philippines
- Indonesian Coal Mining Association
- ASAPP Information Group - India
- Karbindo Abesyapradhi - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- SMG Consultants - Indonesia
- Bangladesh Power Developement Board
- Xindia Steels Limited - India
- Grasim Industreis Ltd - India
- Uttam Galva Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Globalindo Alam Lestari - Indonesia
- Latin American Coal - Colombia
- Semirara Mining Corp, Philippines
- Electricity Authority, New Zealand
- Maheswari Brothers Coal Limited - India
- Thai Mozambique Logistica
- Leighton Contractors Pty Ltd - Australia
- Independent Power Producers Association of India
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- Power Finance Corporation Ltd., India
- Mjunction Services Limited - India
- White Energy Company Limited
- Riau Bara Harum - Indonesia
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- LBH Netherlands Bv - Netherlands
- Renaissance Capital - South Africa
- Ceylon Electricity Board - Sri Lanka
- Chamber of Mines of South Africa
- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Electricity Generating Authority of Thailand
- Carbofer General Trading SA - India
- Heidelberg Cement - Germany
- GMR Energy Limited - India
- Star Paper Mills Limited - India
- Meenaskhi Energy Private Limited - India
- TeaM Sual Corporation - Philippines
- Economic Council, Georgia
- Indo Tambangraya Megah - Indonesia
- Bhushan Steel Limited - India
- Bhatia International Limited - India
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Madhucon Powers Ltd - India
- Iligan Light & Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Sarangani Energy Corporation, Philippines
- Antam Resourcindo - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Price Waterhouse Coopers - Russia
- Maharashtra Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- CIMB Investment Bank - Malaysia
- Bulk Trading Sa - Switzerland
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