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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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Friday, 18 May 18
INDONESIA'S SAMARINDA ANCHORAGE COAL LOADING ACTIVITIES WERE RESUMED YESTERDAY AT 4PM LOCAL TIME
Samarinda Anchorage coal loading activities were resumed yesterday at 4PM local time.
Local fishermen in Samarinda Anchorage have been demonst ...
Wednesday, 16 May 18
SHIPPING MARKET INSIGHT - GEORGE ILIOPOULOS
Half-way through the second quarter of the year and as the Posidonia week approaches everyone is getting ready for this unique gathering that besid ...
Thursday, 10 May 18
PRIVATE POWER PRODUCERS NEED A 'POWERFUL PUSH' - PRADEEP MITTAL
- PLF of the Private Sector in the country (Coal and Lignite based) for FY 2017-18 (till Dec 2017) is 56%.
- 51 GW of stressed assets (Thermal &a ...
Tuesday, 08 May 18
BUMA SIGNED OVER US$1 BILLION WORTH OF NEW CONTRACT WITH PT INDONESIA PRATAMA
PT Delta Dunia Makmur Tbk. announced that its subsidiary, PT Bukit Makmur Mandiri Utama, has entered into mining services contracts with PT Indones ...
Monday, 07 May 18
BENCHMARK PRICE OF INDONESIAN THERMAL COAL DROPPED BACK BELOW $90 A TON THIS MONTH
COALspot.com: According to latest ministerial decree No. 1812 K/30/MEM/2018 dated 3 May 2018, the Indonesian Coal Price Reference (HBA) decline 5.5 ...
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Showing 1721 to 1725 news of total 6871 |
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- Indogreen Group - Indonesia
- Bayan Resources Tbk. - Indonesia
- Latin American Coal - Colombia
- Vizag Seaport Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Eastern Coal Council - USA
- Rashtriya Ispat Nigam Limited - India
- Grasim Industreis Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Kideco Jaya Agung - Indonesia
- Borneo Indobara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Energy Development Corp, Philippines
- Anglo American - United Kingdom
- SMC Global Power, Philippines
- Timah Investasi Mineral - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Independent Power Producers Association of India
- PowerSource Philippines DevCo
- Orica Mining Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bangladesh Power Developement Board
- Antam Resourcindo - Indonesia
- Semirara Mining Corp, Philippines
- Coalindo Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Wilmar Investment Holdings
- MS Steel International - UAE
- Simpson Spence & Young - Indonesia
- Star Paper Mills Limited - India
- Posco Energy - South Korea
- Tata Chemicals Ltd - India
- India Bulls Power Limited - India
- Therma Luzon, Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Barasentosa Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Indonesian Coal Mining Association
- Kalimantan Lumbung Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Videocon Industries ltd - India
- Altura Mining Limited, Indonesia
- Bukit Makmur.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chamber of Mines of South Africa
- GN Power Mariveles Coal Plant, Philippines
- Indian Energy Exchange, India
- IEA Clean Coal Centre - UK
- Marubeni Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aboitiz Power Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Heidelberg Cement - Germany
- Ministry of Mines - Canada
- Port Waratah Coal Services - Australia
- Bhoruka Overseas - Indonesia
- Samtan Co., Ltd - South Korea
- Gujarat Mineral Development Corp Ltd - India
- The Treasury - Australian Government
- Electricity Generating Authority of Thailand
- AsiaOL BioFuels Corp., Philippines
- McConnell Dowell - Australia
- Oldendorff Carriers - Singapore
- Central Java Power - Indonesia
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- New Zealand Coal & Carbon
- Australian Coal Association
- Mercuria Energy - Indonesia
- London Commodity Brokers - England
- Planning Commission, India
- Georgia Ports Authority, United States
- Renaissance Capital - South Africa
- SMG Consultants - Indonesia
- Essar Steel Hazira Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Metalloyd Limited - United Kingdom
- Central Electricity Authority - India
- GMR Energy Limited - India
- Sojitz Corporation - Japan
- Asmin Koalindo Tuhup - Indonesia
- Attock Cement Pakistan Limited
- Petron Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- San Jose City I Power Corp, Philippines
- Siam City Cement PLC, Thailand
- Bhushan Steel Limited - India
- Kepco SPC Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Edison Trading Spa - Italy
- Deloitte Consulting - India
- Interocean Group of Companies - India
- Sree Jayajothi Cements Limited - India
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- Uttam Galva Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Gujarat Sidhee Cement - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GVK Power & Infra Limited - India
- Ministry of Finance - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Miang Besar Coal Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- VISA Power Limited - India
- Vedanta Resources Plc - India
- White Energy Company Limited
- Makarim & Taira - Indonesia
- Global Green Power PLC Corporation, Philippines
- ICICI Bank Limited - India
- Globalindo Alam Lestari - Indonesia
- Electricity Authority, New Zealand
- Power Finance Corporation Ltd., India
- Orica Australia Pty. Ltd.
- Price Waterhouse Coopers - Russia
- Kumho Petrochemical, South Korea
- Kobexindo Tractors - Indoneisa
- Thiess Contractors Indonesia
- Coal and Oil Company - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parliament of New Zealand
- The State Trading Corporation of India Ltd
- Sindya Power Generating Company Private Ltd
- Parry Sugars Refinery, India
- Goldman Sachs - Singapore
- Gujarat Electricity Regulatory Commission - India
- The University of Queensland
- Sakthi Sugars Limited - India
- Mercator Lines Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Xindia Steels Limited - India
- Economic Council, Georgia
- PNOC Exploration Corporation - Philippines
- ASAPP Information Group - India
- Africa Commodities Group - South Africa
- Carbofer General Trading SA - India
- Indo Tambangraya Megah - Indonesia
- Minerals Council of Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Larsen & Toubro Limited - India
- Siam City Cement - Thailand
- Ceylon Electricity Board - Sri Lanka
- Eastern Energy - Thailand
- Karaikal Port Pvt Ltd - India
- Bhatia International Limited - India
- LBH Netherlands Bv - Netherlands
- OPG Power Generation Pvt Ltd - India
- Ministry of Transport, Egypt
- Sinarmas Energy and Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kohat Cement Company Ltd. - Pakistan
- Bharathi Cement Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Agrawal Coal Company - India
- Meenaskhi Energy Private Limited - India
- Savvy Resources Ltd - HongKong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- IHS Mccloskey Coal Group - USA
- CNBM International Corporation - China
- Holcim Trading Pte Ltd - Singapore
- Riau Bara Harum - Indonesia
- Global Coal Blending Company Limited - Australia
- Ambuja Cements Ltd - India
- Thai Mozambique Logistica
- Kaltim Prima Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Meralco Power Generation, Philippines
- Sical Logistics Limited - India
- Mjunction Services Limited - India
- Dalmia Cement Bharat India
- CIMB Investment Bank - Malaysia
- Coastal Gujarat Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Aditya Birla Group - India
- Sarangani Energy Corporation, Philippines
- Mintek Dendrill Indonesia
- Malabar Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Standard Chartered Bank - UAE
- Bulk Trading Sa - Switzerland
- Global Business Power Corporation, Philippines
- Romanian Commodities Exchange
- Pendopo Energi Batubara - Indonesia
- Australian Commodity Traders Exchange
- Indika Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Tamil Nadu electricity Board
- Lanco Infratech Ltd - India
- Rio Tinto Coal - Australia
- Ind-Barath Power Infra Limited - India
- Indian Oil Corporation Limited
- Iligan Light & Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Cigading International Bulk Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Trasteel International SA, Italy
- Neyveli Lignite Corporation Ltd, - India
- Cement Manufacturers Association - India
- Intertek Mineral Services - Indonesia
- PTC India Limited - India
- Maheswari Brothers Coal Limited - India
- Medco Energi Mining Internasional
- Singapore Mercantile Exchange
- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
- Baramulti Group, Indonesia
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