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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, 24 May 18
SUPRAS FIXING AROUND USD 15000 FOR INDO TO CHINA COAL TRIPS - FEARNLEYS
Capesize
Both the physical and the paper market have dropped sharply the last couple of days on the back of a lack of fresh cargoes and a growing ...
Thursday, 24 May 18
FITCH: FALLING COAL INVESTMENT TO SUPPORT ASIAN PRICES
Press Release: The long-term outlook for the Asian thermal coal prices is improving, amid rising regional demand and falling mining investment, whi ...
Thursday, 24 May 18
BEIJING ORDERS UTILITIES, MINERS TO HELP COOL RED-HOT COAL MARKET: SOURCES - REUTERS
China’s state planner ordered utilities this week to stop stockpiling thermal coal and told miners to slash prices, two sources familiar with ...
Wednesday, 23 May 18
TANKER MARKET INSIGHT - TIMOS PAPADIMITRIOU
In the last six months we have seen more than 110 reported tanker transactions involving tonnage larger than 32k dwt and younger than 18 years old. ...
Friday, 18 May 18
AFTER COAL, INDONESIAN GOVERNMENT PUSHES DMO ON GAS FOR ELECTRICITY
After introducing its domestic market obligation (DMO) policy for coal on March 12, the government is going forward with its plan to introduce a DM ...
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Showing 1716 to 1720 news of total 6871 |
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- Coastal Gujarat Power Limited - India
- Mintek Dendrill Indonesia
- Bhatia International Limited - India
- Kalimantan Lumbung Energi - Indonesia
- SMC Global Power, Philippines
- Australian Commodity Traders Exchange
- Heidelberg Cement - Germany
- Carbofer General Trading SA - India
- Bukit Baiduri Energy - Indonesia
- Agrawal Coal Company - India
- Kaltim Prima Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Rio Tinto Coal - Australia
- Oldendorff Carriers - Singapore
- Goldman Sachs - Singapore
- Kideco Jaya Agung - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Global Green Power PLC Corporation, Philippines
- PTC India Limited - India
- International Coal Ventures Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Price Waterhouse Coopers - Russia
- Therma Luzon, Inc, Philippines
- Anglo American - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sarangani Energy Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Ceylon Electricity Board - Sri Lanka
- McConnell Dowell - Australia
- TNB Fuel Sdn Bhd - Malaysia
- SN Aboitiz Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Sree Jayajothi Cements Limited - India
- Antam Resourcindo - Indonesia
- Parliament of New Zealand
- Electricity Authority, New Zealand
- Orica Mining Services - Indonesia
- Port Waratah Coal Services - Australia
- Vizag Seaport Private Limited - India
- Ambuja Cements Ltd - India
- ICICI Bank Limited - India
- Indian Energy Exchange, India
- Siam City Cement - Thailand
- IEA Clean Coal Centre - UK
- Petrochimia International Co. Ltd.- Taiwan
- Borneo Indobara - Indonesia
- Sojitz Corporation - Japan
- Ministry of Mines - Canada
- San Jose City I Power Corp, Philippines
- Coal and Oil Company - UAE
- Siam City Cement PLC, Thailand
- Samtan Co., Ltd - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kapuas Tunggal Persada - Indonesia
- Planning Commission, India
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Commonwealth Bank - Australia
- Indonesian Coal Mining Association
- New Zealand Coal & Carbon
- Neyveli Lignite Corporation Ltd, - India
- Kumho Petrochemical, South Korea
- Deloitte Consulting - India
- Edison Trading Spa - Italy
- Bangladesh Power Developement Board
- Dalmia Cement Bharat India
- Petron Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Indogreen Group - Indonesia
- Cement Manufacturers Association - India
- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- Jindal Steel & Power Ltd - India
- GVK Power & Infra Limited - India
- Toyota Tsusho Corporation, Japan
- Australian Coal Association
- Africa Commodities Group - South Africa
- Bayan Resources Tbk. - Indonesia
- Standard Chartered Bank - UAE
- Semirara Mining and Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Sindya Power Generating Company Private Ltd
- Ministry of Transport, Egypt
- Kartika Selabumi Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- Bharathi Cement Corporation - India
- Singapore Mercantile Exchange
- Sinarmas Energy and Mining - Indonesia
- Savvy Resources Ltd - HongKong
- CNBM International Corporation - China
- OPG Power Generation Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Maheswari Brothers Coal Limited - India
- Global Coal Blending Company Limited - Australia
- Alfred C Toepfer International GmbH - Germany
- Wood Mackenzie - Singapore
- Madhucon Powers Ltd - India
- Global Business Power Corporation, Philippines
- Renaissance Capital - South Africa
- Mercator Lines Limited - India
- Miang Besar Coal Terminal - Indonesia
- White Energy Company Limited
- Parry Sugars Refinery, India
- Straits Asia Resources Limited - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Altura Mining Limited, Indonesia
- SMG Consultants - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Medco Energi Mining Internasional
- IHS Mccloskey Coal Group - USA
- Coalindo Energy - Indonesia
- Power Finance Corporation Ltd., India
- Interocean Group of Companies - India
- Aboitiz Power Corporation - Philippines
- Ministry of Finance - Indonesia
- Indo Tambangraya Megah - Indonesia
- Essar Steel Hazira Ltd - India
- PNOC Exploration Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Manunggal Multi Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Development Corp, Philippines
- Indika Energy - Indonesia
- Merrill Lynch Commodities Europe
- Economic Council, Georgia
- GMR Energy Limited - India
- Globalindo Alam Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- India Bulls Power Limited - India
- Aditya Birla Group - India
- CIMB Investment Bank - Malaysia
- Georgia Ports Authority, United States
- Central Java Power - Indonesia
- Malabar Cements Ltd - India
- Latin American Coal - Colombia
- Jorong Barutama Greston.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Ind-Barath Power Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Iligan Light & Power Inc, Philippines
- Attock Cement Pakistan Limited
- Romanian Commodities Exchange
- Uttam Galva Steels Limited - India
- Central Electricity Authority - India
- Directorate Of Revenue Intelligence - India
- Binh Thuan Hamico - Vietnam
- Wilmar Investment Holdings
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- Indian Oil Corporation Limited
- VISA Power Limited - India
- PowerSource Philippines DevCo
- Sical Logistics Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Pendopo Energi Batubara - Indonesia
- Gujarat Sidhee Cement - India
- Lanco Infratech Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Sakthi Sugars Limited - India
- Mjunction Services Limited - India
- The State Trading Corporation of India Ltd
- Larsen & Toubro Limited - India
- Bhoruka Overseas - Indonesia
- Vedanta Resources Plc - India
- Cigading International Bulk Terminal - Indonesia
- Eastern Coal Council - USA
- Makarim & Taira - Indonesia
- Bukit Makmur.PT - Indonesia
- Mercuria Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Independent Power Producers Association of India
- Semirara Mining Corp, Philippines
- Videocon Industries ltd - India
- Billiton Holdings Pty Ltd - Australia
- Thiess Contractors Indonesia
- Rashtriya Ispat Nigam Limited - India
- Meralco Power Generation, Philippines
- Kobexindo Tractors - Indoneisa
- Posco Energy - South Korea
- Minerals Council of Australia
- Intertek Mineral Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- London Commodity Brokers - England
- Tata Chemicals Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- South Luzon Thermal Energy Corporation
- Xindia Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Riau Bara Harum - Indonesia
- Chamber of Mines of South Africa
- Tamil Nadu electricity Board
- European Bulk Services B.V. - Netherlands
- MS Steel International - UAE
- Metalloyd Limited - United Kingdom
- Salva Resources Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Thai Mozambique Logistica
- Timah Investasi Mineral - Indoneisa
- Marubeni Corporation - India
- Baramulti Group, Indonesia
- Orica Australia Pty. Ltd.
- Grasim Industreis Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Generating Authority of Thailand
- Kohat Cement Company Ltd. - Pakistan
- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
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