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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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Wednesday, 13 December 17
DEMAND FOR THERMAL COAL LOOKED RELATIVELY ROBUST - DANIEL HYNES
Coal prices were a touch higher. Demand for thermal coal looked relatively robust, after reports continued to surface that Chinese authorities have ...
Wednesday, 13 December 17
SHIPPING MARKET INSIGHT - GEORGE PANAGOPOULOS
As another year is coming to an end and much has been already written about the positive reversal in the dry bulk market, we think it is interestin ...
Monday, 11 December 17
INDIA CONSUMERS ARE SAID TO BE DESPERATELY SEEKING CARGOES - DANIEL HYNES
Coal markets were stronger, as strong demand outside China continues to spur buying said Daniel Hynes, Senior Commodity Strategist at ANZ.
Acc ...
Monday, 11 December 17
CAPESIZE FFA MARKET LOOKING PROMISING MOVING FORWARD - FIS
Capesize
Another very promising day for the big ships as rates continued to firm in both oceans and the paper market ate into the backwardation s ...
Friday, 08 December 17
U.S. WEEKLY COAL PRODUCTION UP 11.6 PER CENT WEEK OVER WEEK, EIA DATA SHOWS
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.7 million short ton ...
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Showing 1851 to 1855 news of total 6871 |
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- Edison Trading Spa - Italy
- Bukit Baiduri Energy - Indonesia
- Meralco Power Generation, Philippines
- PowerSource Philippines DevCo
- Deloitte Consulting - India
- Essar Steel Hazira Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Coal and Oil Company - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- International Coal Ventures Pvt Ltd - India
- Malabar Cements Ltd - India
- Petron Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Wilmar Investment Holdings
- Pipit Mutiara Jaya. PT, Indonesia
- White Energy Company Limited
- Vizag Seaport Private Limited - India
- European Bulk Services B.V. - Netherlands
- Singapore Mercantile Exchange
- Xindia Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Cigading International Bulk Terminal - Indonesia
- New Zealand Coal & Carbon
- The State Trading Corporation of India Ltd
- London Commodity Brokers - England
- Commonwealth Bank - Australia
- ASAPP Information Group - India
- Pendopo Energi Batubara - Indonesia
- Eastern Coal Council - USA
- Kalimantan Lumbung Energi - Indonesia
- Merrill Lynch Commodities Europe
- Metalloyd Limited - United Kingdom
- Sree Jayajothi Cements Limited - India
- Lanco Infratech Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Indika Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Samtan Co., Ltd - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Commodity Traders Exchange
- Banpu Public Company Limited - Thailand
- Toyota Tsusho Corporation, Japan
- Global Green Power PLC Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Electricity Authority, New Zealand
- Kobexindo Tractors - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Sojitz Corporation - Japan
- SN Aboitiz Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Directorate Of Revenue Intelligence - India
- Iligan Light & Power Inc, Philippines
- Energy Development Corp, Philippines
- Interocean Group of Companies - India
- Antam Resourcindo - Indonesia
- CNBM International Corporation - China
- GAC Shipping (India) Pvt Ltd
- Port Waratah Coal Services - Australia
- Parry Sugars Refinery, India
- TNB Fuel Sdn Bhd - Malaysia
- PTC India Limited - India
- Ind-Barath Power Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Vedanta Resources Plc - India
- Agrawal Coal Company - India
- Binh Thuan Hamico - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- Planning Commission, India
- Global Coal Blending Company Limited - Australia
- Renaissance Capital - South Africa
- CIMB Investment Bank - Malaysia
- GVK Power & Infra Limited - India
- Marubeni Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parliament of New Zealand
- Semirara Mining and Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Coalindo Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Formosa Plastics Group - Taiwan
- Chettinad Cement Corporation Ltd - India
- Goldman Sachs - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Sical Logistics Limited - India
- Borneo Indobara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Baramulti Group, Indonesia
- GMR Energy Limited - India
- Kideco Jaya Agung - Indonesia
- Wood Mackenzie - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Star Paper Mills Limited - India
- Larsen & Toubro Limited - India
- IEA Clean Coal Centre - UK
- Kepco SPC Power Corporation, Philippines
- Minerals Council of Australia
- Ministry of Finance - Indonesia
- Savvy Resources Ltd - HongKong
- Economic Council, Georgia
- Attock Cement Pakistan Limited
- Indogreen Group - Indonesia
- Dalmia Cement Bharat India
- Gujarat Mineral Development Corp Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Sinarmas Energy and Mining - Indonesia
- McConnell Dowell - Australia
- Oldendorff Carriers - Singapore
- Global Business Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- San Jose City I Power Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Makarim & Taira - Indonesia
- Jindal Steel & Power Ltd - India
- Thiess Contractors Indonesia
- Mercuria Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Uttam Galva Steels Limited - India
- Africa Commodities Group - South Africa
- Heidelberg Cement - Germany
- Altura Mining Limited, Indonesia
- Bhushan Steel Limited - India
- Medco Energi Mining Internasional
- Mintek Dendrill Indonesia
- Siam City Cement PLC, Thailand
- Posco Energy - South Korea
- Alfred C Toepfer International GmbH - Germany
- Meenaskhi Energy Private Limited - India
- Coastal Gujarat Power Limited - India
- Orica Australia Pty. Ltd.
- Gujarat Sidhee Cement - India
- India Bulls Power Limited - India
- Standard Chartered Bank - UAE
- Bharathi Cement Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement - Thailand
- Bukit Makmur.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Tata Chemicals Ltd - India
- Jaiprakash Power Ventures ltd
- Central Electricity Authority - India
- Independent Power Producers Association of India
- Rio Tinto Coal - Australia
- Maharashtra Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Latin American Coal - Colombia
- Leighton Contractors Pty Ltd - Australia
- Tamil Nadu electricity Board
- Bhatia International Limited - India
- Romanian Commodities Exchange
- The Treasury - Australian Government
- Indian Oil Corporation Limited
- ICICI Bank Limited - India
- Bhoruka Overseas - Indonesia
- Sindya Power Generating Company Private Ltd
- Madhucon Powers Ltd - India
- Aboitiz Power Corporation - Philippines
- Carbofer General Trading SA - India
- Orica Mining Services - Indonesia
- Thai Mozambique Logistica
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Energy Exchange, India
- VISA Power Limited - India
- Salva Resources Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Ministry of Transport, Egypt
- Australian Coal Association
- Mjunction Services Limited - India
- LBH Netherlands Bv - Netherlands
- Semirara Mining Corp, Philippines
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- Neyveli Lignite Corporation Ltd, - India
- Aditya Birla Group - India
- The University of Queensland
- Chamber of Mines of South Africa
- Holcim Trading Pte Ltd - Singapore
- SMG Consultants - Indonesia
- Central Java Power - Indonesia
- Cement Manufacturers Association - India
- Mercator Lines Limited - India
- Sarangani Energy Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Mines - Canada
- MS Steel International - UAE
- PetroVietnam Power Coal Import and Supply Company
- Grasim Industreis Ltd - India
- Indo Tambangraya Megah - Indonesia
- Bangladesh Power Developement Board
- SMC Global Power, Philippines
- Anglo American - United Kingdom
- Indonesian Coal Mining Association
- Sakthi Sugars Limited - India
- Videocon Industries ltd - India
- Electricity Generating Authority of Thailand
- Bulk Trading Sa - Switzerland
- Ambuja Cements Ltd - India
- Energy Link Ltd, New Zealand
- Kartika Selabumi Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Simpson Spence & Young - Indonesia
- Kaltim Prima Coal - Indonesia
- Trasteel International SA, Italy
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