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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 $240 per tonne for crude palm oil, depending on prices.
High palm oil stocks have forced mills to limit purchases of palm fruits. Farmers have complained their unsold fruits have been left to rot.
There were 7.23 million tonnes of crude palm oil in storage tanks at the end of May, data from the Indonesian Palm Oil Association (GAPKI) showed on Friday.
GAPKI welcomed the new measure, but it recommended the DMO rules be removed too, its secretary general Eddy Martono said.
“For now remove the DMO … until stocks drop to 3 million to 4 million tonnes. Our problem now is the inventory is too high,” he told Reuters.
Source: Reuters
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Friday, 02 December 22
INDONESIAN COAL PRICE REFERENCE PLUNGE TOWARD US$ 281.48 A TON AS DEMAND DROPS WORLDWIDE
COALspot.com: The cost of coal is falling so fast that it is beginning to put real money back in the pockets of end-users.
Indonesia ...
Wednesday, 30 November 22
INDONESIA’S BUMI RESOURCES TARGETS 2023 COAL OUTPUT OF 80 MLN TONNES - REUTERS
Indonesian coal miner PT Bumi Resources Tbk BUMI.JKis eyeing a 10% increase in output to 80 million tonnes next year amid expectations for more fav ...
Wednesday, 30 November 22
TANKERS: LONGER HAULS TO SUPPORT CONTINUED STRENGTH - BIMCO
Highlights
A rebound in the dirty tanker trade has led the Baltic Exchange Dirty Index (BDTI) to increase by 64% since our last report from mid ...
Wednesday, 30 November 22
MARKET INSIGHT - INTERMODAL
Shipping, although a conservative and innovation adverse industry, is currently in a transition period of digital transformation. According to a su ...
Tuesday, 29 November 22
INDIA TO RECEIVE FIRST LNG CARGO FROM INDONESIA’S TANGGUH LNG - REUTERS
India will receive its first cargo from Indonesia’s Tangguh liquefied natural gas (LNG) plant at the Dahej terminal on Monday, according to a ...
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- Jindal Steel & Power Ltd - India
- Therma Luzon, Inc, Philippines
- Ministry of Mines - Canada
- Neyveli Lignite Corporation Ltd, - India
- GN Power Mariveles Coal Plant, Philippines
- PNOC Exploration Corporation - Philippines
- Mintek Dendrill Indonesia
- Medco Energi Mining Internasional
- Sojitz Corporation - Japan
- Port Waratah Coal Services - Australia
- Global Green Power PLC Corporation, Philippines
- Orica Australia Pty. Ltd.
- European Bulk Services B.V. - Netherlands
- Maheswari Brothers Coal Limited - India
- New Zealand Coal & Carbon
- Savvy Resources Ltd - HongKong
- Ceylon Electricity Board - Sri Lanka
- Energy Development Corp, Philippines
- Electricity Authority, New Zealand
- Kumho Petrochemical, South Korea
- Antam Resourcindo - Indonesia
- Samtan Co., Ltd - South Korea
- Ambuja Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Minerals Council of Australia
- Metalloyd Limited - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- SMC Global Power, Philippines
- Deloitte Consulting - India
- Sical Logistics Limited - India
- Tamil Nadu electricity Board
- Australian Coal Association
- Larsen & Toubro Limited - India
- Mercator Lines Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Trasteel International SA, Italy
- Indian Oil Corporation Limited
- Thiess Contractors Indonesia
- Price Waterhouse Coopers - Russia
- Billiton Holdings Pty Ltd - Australia
- Aditya Birla Group - India
- Latin American Coal - Colombia
- Bukit Makmur.PT - Indonesia
- Ministry of Finance - Indonesia
- Anglo American - United Kingdom
- Central Electricity Authority - India
- Romanian Commodities Exchange
- Electricity Generating Authority of Thailand
- Petron Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Eastern Energy - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Independent Power Producers Association of India
- Binh Thuan Hamico - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- IEA Clean Coal Centre - UK
- Jaiprakash Power Ventures ltd
- Xindia Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Tata Chemicals Ltd - India
- Renaissance Capital - South Africa
- Star Paper Mills Limited - India
- Bhatia International Limited - India
- Manunggal Multi Energi - Indonesia
- Mjunction Services Limited - India
- Kohat Cement Company Ltd. - Pakistan
- India Bulls Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Grasim Industreis Ltd - India
- Malabar Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Planning Commission, India
- Barasentosa Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Thai Mozambique Logistica
- Bangladesh Power Developement Board
- Altura Mining Limited, Indonesia
- Iligan Light & Power Inc, Philippines
- Central Java Power - Indonesia
- Kartika Selabumi Mining - Indonesia
- Georgia Ports Authority, United States
- Semirara Mining and Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Indo Tambangraya Megah - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Edison Trading Spa - Italy
- MS Steel International - UAE
- Essar Steel Hazira Ltd - India
- Power Finance Corporation Ltd., India
- Gujarat Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Attock Cement Pakistan Limited
- Coalindo Energy - Indonesia
- The University of Queensland
- VISA Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Goldman Sachs - Singapore
- PowerSource Philippines DevCo
- Economic Council, Georgia
- Timah Investasi Mineral - Indoneisa
- Standard Chartered Bank - UAE
- Bayan Resources Tbk. - Indonesia
- Directorate Of Revenue Intelligence - India
- Baramulti Group, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Vedanta Resources Plc - India
- South Luzon Thermal Energy Corporation
- Indonesian Coal Mining Association
- Merrill Lynch Commodities Europe
- Eastern Coal Council - USA
- Sakthi Sugars Limited - India
- Bhoruka Overseas - Indonesia
- Kepco SPC Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- The Treasury - Australian Government
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining Corp, Philippines
- Global Business Power Corporation, Philippines
- Cement Manufacturers Association - India
- TeaM Sual Corporation - Philippines
- Wilmar Investment Holdings
- Kideco Jaya Agung - Indonesia
- Mercuria Energy - Indonesia
- McConnell Dowell - Australia
- OPG Power Generation Pvt Ltd - India
- Lanco Infratech Ltd - India
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- International Coal Ventures Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Oldendorff Carriers - Singapore
- Coastal Gujarat Power Limited - India
- PTC India Limited - India
- ASAPP Information Group - India
- Meenaskhi Energy Private Limited - India
- Dalmia Cement Bharat India
- White Energy Company Limited
- Maharashtra Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Vizag Seaport Private Limited - India
- Coal and Oil Company - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- San Jose City I Power Corp, Philippines
- GMR Energy Limited - India
- Alfred C Toepfer International GmbH - Germany
- Marubeni Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Indika Energy - Indonesia
- Agrawal Coal Company - India
- Intertek Mineral Services - Indonesia
- CNBM International Corporation - China
- GVK Power & Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Australian Commodity Traders Exchange
- Interocean Group of Companies - India
- Bukit Baiduri Energy - Indonesia
- Heidelberg Cement - Germany
- Global Coal Blending Company Limited - Australia
- Wood Mackenzie - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Madhucon Powers Ltd - India
- The State Trading Corporation of India Ltd
- Aboitiz Power Corporation - Philippines
- ICICI Bank Limited - India
- Pendopo Energi Batubara - Indonesia
- Videocon Industries ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Parliament of New Zealand
- Salva Resources Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- SN Aboitiz Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Straits Asia Resources Limited - Singapore
- Cigading International Bulk Terminal - Indonesia
- Ministry of Transport, Egypt
- Africa Commodities Group - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chamber of Mines of South Africa
- Rio Tinto Coal - Australia
- Simpson Spence & Young - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Singapore Mercantile Exchange
- Kobexindo Tractors - Indoneisa
- Indogreen Group - Indonesia
- Energy Link Ltd, New Zealand
- Makarim & Taira - Indonesia
- Posco Energy - South Korea
- London Commodity Brokers - England
- LBH Netherlands Bv - Netherlands
- IHS Mccloskey Coal Group - USA
- Directorate General of MIneral and Coal - Indonesia
- Carbofer General Trading SA - India
- SMG Consultants - Indonesia
- Bharathi Cement Corporation - India
- Indian Energy Exchange, India
- Kaltim Prima Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bhushan Steel Limited - India
- CIMB Investment Bank - Malaysia
- Meralco Power Generation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Commonwealth Bank - Australia
- Borneo Indobara - Indonesia
- Orica Mining Services - Indonesia
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