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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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Monday, 16 April 18
MINISTER IGNASIUS JONAN SPEAKS HIS MIND AT INDONESIA MINER - IAN WOLLFF
The Minister for Energy and Mineral resources, Ignasius Jonan, delivered a key note address at the Indonesia Miner conference in Jakarta on the 11 ...
Thursday, 12 April 18
THE PERFECT STORM FOR THE BIG SHIPS - THE BALTIC BRIEFING
Capesize
The perfect storm for the big ships: with holidays, force majeure in two ore exporting ports and bad weather undermining the market. A l ...
Thursday, 12 April 18
SHIPPING CAN MANAGE US-CHINA TARIFFS, BUT RISKS RISING - FITCH
Container and, to some extent, dry bulk would probably be the shipping segments most affected by the recently announced US and China tariffs, Fitch ...
Thursday, 12 April 18
SUPRAS HAVE FIXED MID $11K FOR AN INDO RV TO S. CHINA DELIVERY PHILIPPINES - FEARNLEYS
Supramax
Slow week with little light for improving rates. ECSA to Far East still around $15k + bb and same to Med ca $14k, says Fearnleys in its ...
Thursday, 12 April 18
ALWAYS ACCESSIBLE
KNOWLEDGE TO ELEVATE
On 26 March 2018 Mr Justice Knowles determined that the berth warranty ‘always accessible’ must mean the vess ...
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Showing 1741 to 1745 news of total 6871 |
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- Singapore Mercantile Exchange
- The University of Queensland
- Vizag Seaport Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Bhatia International Limited - India
- Tamil Nadu electricity Board
- Baramulti Group, Indonesia
- Economic Council, Georgia
- Metalloyd Limited - United Kingdom
- Wilmar Investment Holdings
- Jorong Barutama Greston.PT - Indonesia
- VISA Power Limited - India
- Malabar Cements Ltd - India
- CNBM International Corporation - China
- Minerals Council of Australia
- Jaiprakash Power Ventures ltd
- Marubeni Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Star Paper Mills Limited - India
- Therma Luzon, Inc, Philippines
- Borneo Indobara - Indonesia
- PowerSource Philippines DevCo
- OPG Power Generation Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Jindal Steel & Power Ltd - India
- Savvy Resources Ltd - HongKong
- Coal and Oil Company - UAE
- Posco Energy - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Uttam Galva Steels Limited - India
- Indian Oil Corporation Limited
- Bharathi Cement Corporation - India
- Energy Development Corp, Philippines
- Anglo American - United Kingdom
- Makarim & Taira - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Heidelberg Cement - Germany
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
- Standard Chartered Bank - UAE
- Karbindo Abesyapradhi - Indoneisa
- Wood Mackenzie - Singapore
- Carbofer General Trading SA - India
- Miang Besar Coal Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Australian Commodity Traders Exchange
- Port Waratah Coal Services - Australia
- Directorate Of Revenue Intelligence - India
- Aditya Birla Group - India
- LBH Netherlands Bv - Netherlands
- ICICI Bank Limited - India
- Romanian Commodities Exchange
- Manunggal Multi Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Indian Energy Exchange, India
- Kobexindo Tractors - Indoneisa
- Oldendorff Carriers - Singapore
- Tata Chemicals Ltd - India
- Karaikal Port Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
- London Commodity Brokers - England
- Mjunction Services Limited - India
- Attock Cement Pakistan Limited
- Sarangani Energy Corporation, Philippines
- Edison Trading Spa - Italy
- SMC Global Power, Philippines
- European Bulk Services B.V. - Netherlands
- Bangladesh Power Developement Board
- Coalindo Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bhushan Steel Limited - India
- Ambuja Cements Ltd - India
- New Zealand Coal & Carbon
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- GAC Shipping (India) Pvt Ltd
- Madhucon Powers Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Indonesian Coal Mining Association
- ASAPP Information Group - India
- Central Electricity Authority - India
- Ceylon Electricity Board - Sri Lanka
- Power Finance Corporation Ltd., India
- PNOC Exploration Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Electricity Authority, New Zealand
- Timah Investasi Mineral - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- South Luzon Thermal Energy Corporation
- Gujarat Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Cement Manufacturers Association - India
- AsiaOL BioFuels Corp., Philippines
- GVK Power & Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Rashtriya Ispat Nigam Limited - India
- Dalmia Cement Bharat India
- Central Java Power - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Sical Logistics Limited - India
- Interocean Group of Companies - India
- Binh Thuan Hamico - Vietnam
- Meralco Power Generation, Philippines
- Bulk Trading Sa - Switzerland
- The Treasury - Australian Government
- Bukit Baiduri Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Riau Bara Harum - Indonesia
- Merrill Lynch Commodities Europe
- Orica Mining Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Commonwealth Bank - Australia
- Vedanta Resources Plc - India
- Mercuria Energy - Indonesia
- Latin American Coal - Colombia
- Lanco Infratech Ltd - India
- MS Steel International - UAE
- Altura Mining Limited, Indonesia
- PTC India Limited - India
- IHS Mccloskey Coal Group - USA
- Antam Resourcindo - Indonesia
- Meenaskhi Energy Private Limited - India
- Agrawal Coal Company - India
- Siam City Cement - Thailand
- Bhoruka Overseas - Indonesia
- Africa Commodities Group - South Africa
- Mintek Dendrill Indonesia
- Parliament of New Zealand
- India Bulls Power Limited - India
- Sree Jayajothi Cements Limited - India
- The State Trading Corporation of India Ltd
- Maharashtra Electricity Regulatory Commission - India
- White Energy Company Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- San Jose City I Power Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Semirara Mining Corp, Philippines
- McConnell Dowell - Australia
- Gujarat Sidhee Cement - India
- Parry Sugars Refinery, India
- Banpu Public Company Limited - Thailand
- Samtan Co., Ltd - South Korea
- Kapuas Tunggal Persada - Indonesia
- Planning Commission, India
- Coastal Gujarat Power Limited - India
- Renaissance Capital - South Africa
- Xindia Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- CIMB Investment Bank - Malaysia
- Orica Australia Pty. Ltd.
- Videocon Industries ltd - India
- Eastern Energy - Thailand
- SMG Consultants - Indonesia
- Indika Energy - Indonesia
- Thai Mozambique Logistica
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Georgia Ports Authority, United States
- Ministry of Mines - Canada
- Kalimantan Lumbung Energi - Indonesia
- Sakthi Sugars Limited - India
- Larsen & Toubro Limited - India
- Trasteel International SA, Italy
- Kaltim Prima Coal - Indonesia
- Kumho Petrochemical, South Korea
- Energy Link Ltd, New Zealand
- IEA Clean Coal Centre - UK
- Bank of Tokyo Mitsubishi UFJ Ltd
- Deloitte Consulting - India
- Australian Coal Association
- Holcim Trading Pte Ltd - Singapore
- Price Waterhouse Coopers - Russia
- Rio Tinto Coal - Australia
- International Coal Ventures Pvt Ltd - India
- Eastern Coal Council - USA
- Essar Steel Hazira Ltd - India
- Goldman Sachs - Singapore
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
- Global Business Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Simpson Spence & Young - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Independent Power Producers Association of India
- Chamber of Mines of South Africa
- Salva Resources Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Kideco Jaya Agung - Indonesia
- GMR Energy Limited - India
- Maheswari Brothers Coal Limited - India
- Ministry of Transport, Egypt
- Barasentosa Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Straits Asia Resources Limited - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Finance - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Makmur.PT - Indonesia
- Medco Energi Mining Internasional
- Iligan Light & Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining and Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
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