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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, 11 January 18
SUPRAMAX: INDO TO CHINA COAL ROUNDS FIXING AT AROUND $10K - FEARNLEYS
Supramax
USG rates improved both for backhaul and fronthaul, Ultras from USG to Japan receiving around $26k daily while supras 1-2k less for same ...
Wednesday, 10 January 18
2018: IT IS PROJECTED, THE SHIPBUILDERS WILL DELIVER FOUR HUNDRED FORTY NEW VESSELS IN 2018
Headlines from IMF's 2017 – World Economic Outlook:
January 2017 - “After a lacklustre outturn in 2016, economic activity is p ...
Tuesday, 09 January 18
INDONESIAN GOVERNMENT DECLARED COAL REFERENCE PRICE UP IN JANUARY
COALspot.com: the Indonesian Coal Price Reference ( HBA) rose 1.60 per cent in January 2018, the latest ministerial decree showed.
The benchma ...
Friday, 05 January 18
U.S. WEEKLY COAL OUTPUT FELL 32.4% PER CENT WEEK OVER WEEK, SAYS EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 10.5 million short tons ...
Friday, 05 January 18
COAL DEMAND TO REMAIN FLAT TO 2022, RESULTING IN A DECADE OF STAGNATION - IEA
Global demand for coal should remain nearly flat between 2017 and 2022, resulting in a decade of stagnation for coal consumption, according to the ...
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- Planning Commission, India
- Binh Thuan Hamico - Vietnam
- Anglo American - United Kingdom
- Malabar Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- GVK Power & Infra Limited - India
- Bhoruka Overseas - Indonesia
- Intertek Mineral Services - Indonesia
- Semirara Mining Corp, Philippines
- Africa Commodities Group - South Africa
- Agrawal Coal Company - India
- SMC Global Power, Philippines
- Metalloyd Limited - United Kingdom
- New Zealand Coal & Carbon
- Essar Steel Hazira Ltd - India
- TeaM Sual Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Rashtriya Ispat Nigam Limited - India
- Merrill Lynch Commodities Europe
- Deloitte Consulting - India
- Sinarmas Energy and Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Electricity Authority, New Zealand
- Independent Power Producers Association of India
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- Wilmar Investment Holdings
- Globalindo Alam Lestari - Indonesia
- Ambuja Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Krishnapatnam Port Company Ltd. - India
- Port Waratah Coal Services - Australia
- White Energy Company Limited
- Pendopo Energi Batubara - Indonesia
- Sojitz Corporation - Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Madhucon Powers Ltd - India
- The Treasury - Australian Government
- Bangladesh Power Developement Board
- Central Electricity Authority - India
- Ministry of Finance - Indonesia
- ASAPP Information Group - India
- Meralco Power Generation, Philippines
- Kideco Jaya Agung - Indonesia
- OPG Power Generation Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Orica Australia Pty. Ltd.
- Straits Asia Resources Limited - Singapore
- Commonwealth Bank - Australia
- Ind-Barath Power Infra Limited - India
- Videocon Industries ltd - India
- Kobexindo Tractors - Indoneisa
- Vizag Seaport Private Limited - India
- Sarangani Energy Corporation, Philippines
- Baramulti Group, Indonesia
- Global Green Power PLC Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Tamil Nadu electricity Board
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- Coal and Oil Company - UAE
- Economic Council, Georgia
- Mercuria Energy - Indonesia
- Eastern Energy - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Dalmia Cement Bharat India
- Kumho Petrochemical, South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Makarim & Taira - Indonesia
- Alfred C Toepfer International GmbH - Germany
- International Coal Ventures Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- The University of Queensland
- Sakthi Sugars Limited - India
- Power Finance Corporation Ltd., India
- Ceylon Electricity Board - Sri Lanka
- CIMB Investment Bank - Malaysia
- GAC Shipping (India) Pvt Ltd
- Thiess Contractors Indonesia
- Interocean Group of Companies - India
- Formosa Plastics Group - Taiwan
- Bharathi Cement Corporation - India
- Gujarat Electricity Regulatory Commission - India
- Australian Coal Association
- Medco Energi Mining Internasional
- Singapore Mercantile Exchange
- Billiton Holdings Pty Ltd - Australia
- Tata Chemicals Ltd - India
- San Jose City I Power Corp, Philippines
- European Bulk Services B.V. - Netherlands
- ICICI Bank Limited - India
- Global Business Power Corporation, Philippines
- Renaissance Capital - South Africa
- Kepco SPC Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Holcim Trading Pte Ltd - Singapore
- Goldman Sachs - Singapore
- Jaiprakash Power Ventures ltd
- Central Java Power - Indonesia
- Uttam Galva Steels Limited - India
- PTC India Limited - India
- GMR Energy Limited - India
- Cement Manufacturers Association - India
- Kohat Cement Company Ltd. - Pakistan
- Petron Corporation, Philippines
- Ministry of Mines - Canada
- Therma Luzon, Inc, Philippines
- Borneo Indobara - Indonesia
- Vedanta Resources Plc - India
- Marubeni Corporation - India
- Wood Mackenzie - Singapore
- Miang Besar Coal Terminal - Indonesia
- McConnell Dowell - Australia
- Kartika Selabumi Mining - Indonesia
- Energy Link Ltd, New Zealand
- PNOC Exploration Corporation - Philippines
- Australian Commodity Traders Exchange
- Romanian Commodities Exchange
- Asmin Koalindo Tuhup - Indonesia
- VISA Power Limited - India
- Karaikal Port Pvt Ltd - India
- Orica Mining Services - Indonesia
- Oldendorff Carriers - Singapore
- Riau Bara Harum - Indonesia
- Gujarat Sidhee Cement - India
- Energy Development Corp, Philippines
- London Commodity Brokers - England
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
- SMG Consultants - Indonesia
- Thai Mozambique Logistica
- Kalimantan Lumbung Energi - Indonesia
- Xindia Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Transport, Egypt
- Neyveli Lignite Corporation Ltd, - India
- Iligan Light & Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Attock Cement Pakistan Limited
- Indian Energy Exchange, India
- GN Power Mariveles Coal Plant, Philippines
- Barasentosa Lestari - Indonesia
- Bhushan Steel Limited - India
- Posco Energy - South Korea
- Edison Trading Spa - Italy
- Sical Logistics Limited - India
- India Bulls Power Limited - India
- Sindya Power Generating Company Private Ltd
- PowerSource Philippines DevCo
- Parry Sugars Refinery, India
- Sree Jayajothi Cements Limited - India
- Siam City Cement PLC, Thailand
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement - Thailand
- The State Trading Corporation of India Ltd
- Meenaskhi Energy Private Limited - India
- Indogreen Group - Indonesia
- Chettinad Cement Corporation Ltd - India
- IEA Clean Coal Centre - UK
- Aditya Birla Group - India
- Larsen & Toubro Limited - India
- Heidelberg Cement - Germany
- Bayan Resources Tbk. - Indonesia
- Indian Oil Corporation Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chamber of Mines of South Africa
- Latin American Coal - Colombia
- CNBM International Corporation - China
- Semirara Mining and Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Global Coal Blending Company Limited - Australia
- Trasteel International SA, Italy
- Georgia Ports Authority, United States
- Minerals Council of Australia
- Bukit Makmur.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Salva Resources Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Gujarat Mineral Development Corp Ltd - India
- Indonesian Coal Mining Association
- Aboitiz Power Corporation - Philippines
- Bhatia International Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Altura Mining Limited, Indonesia
- Directorate Of Revenue Intelligence - India
- Parliament of New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- SN Aboitiz Power Inc, Philippines
- Carbofer General Trading SA - India
- Grasim Industreis Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Maheswari Brothers Coal Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- MS Steel International - UAE
- Banpu Public Company Limited - Thailand
- LBH Netherlands Bv - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Coal Council - USA
- Indo Tambangraya Megah - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Samtan Co., Ltd - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Lanco Infratech Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Jindal Steel & Power Ltd - India
- Star Paper Mills Limited - India
- Coalindo Energy - Indonesia
- Price Waterhouse Coopers - Russia
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