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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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Tuesday, 17 October 17
U.S RECORD EXPORTS OIL TO EAST HAS HELPED THE TANKER TRADE - GEORGE LAZARIDIS
There was a flood of fresh news this week which clouded the overall prospects of the crude oil market. Just one week prior Saudi Arabia and Russia, ...
Monday, 16 October 17
INDONESIA TO INDIA COAL FREIGHT RATES STAY FIRM
COALspot.com: The daily average earnings for Supramax, for the route Indonesia to India passing through Singapore has stayed firm, week over week, ...
Friday, 13 October 17
INDIKA ENERGY SIGNS SHARE PURCHASE AGREEMENTS FOR AN ADDITIONAL 45% STAKE IN KIDECO
PT Indika Energy Tbk. and its wholly-owned subsidiary PT Indika Inti Corpindo (collectively, “Indika Energy”) has entered into separate ...
Friday, 13 October 17
THE SHORT-TERM OUTLOOK FOR THE PANAMAX MARKET REMAIN POSITIVE - FEARNLEYS
Supramax
The market has picked up strongly since last week with the Chinese holidays. In the Pacific rates are increasing with some strong number ...
Friday, 13 October 17
U.S. COAL EXPORTS FOR THE FIRST SEVEN MONTHS OF 2017 TOTALED 51 MMST; UP 62% YOY, EIA DATA SHOWS
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15.2 million shor ...
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Showing 1911 to 1915 news of total 6871 |
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- Gujarat Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- London Commodity Brokers - England
- Global Coal Blending Company Limited - Australia
- Attock Cement Pakistan Limited
- ASAPP Information Group - India
- Ind-Barath Power Infra Limited - India
- Ministry of Mines - Canada
- Alfred C Toepfer International GmbH - Germany
- Star Paper Mills Limited - India
- Borneo Indobara - Indonesia
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Altura Mining Limited, Indonesia
- Romanian Commodities Exchange
- Therma Luzon, Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Goldman Sachs - Singapore
- Coalindo Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Kaltim Prima Coal - Indonesia
- The State Trading Corporation of India Ltd
- Binh Thuan Hamico - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Vedanta Resources Plc - India
- Siam City Cement PLC, Thailand
- PNOC Exploration Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Kartika Selabumi Mining - Indonesia
- Dalmia Cement Bharat India
- Krishnapatnam Port Company Ltd. - India
- Indian Oil Corporation Limited
- Semirara Mining and Power Corporation, Philippines
- Posco Energy - South Korea
- Bhoruka Overseas - Indonesia
- GMR Energy Limited - India
- Tamil Nadu electricity Board
- Eastern Energy - Thailand
- International Coal Ventures Pvt Ltd - India
- Videocon Industries ltd - India
- Ambuja Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Merrill Lynch Commodities Europe
- Cement Manufacturers Association - India
- Makarim & Taira - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sakthi Sugars Limited - India
- CNBM International Corporation - China
- Electricity Authority, New Zealand
- Minerals Council of Australia
- Port Waratah Coal Services - Australia
- Pendopo Energi Batubara - Indonesia
- Coal and Oil Company - UAE
- Toyota Tsusho Corporation, Japan
- The Treasury - Australian Government
- Planning Commission, India
- Meralco Power Generation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Manunggal Multi Energi - Indonesia
- Bharathi Cement Corporation - India
- Metalloyd Limited - United Kingdom
- The University of Queensland
- PetroVietnam Power Coal Import and Supply Company
- Kalimantan Lumbung Energi - Indonesia
- Lanco Infratech Ltd - India
- Interocean Group of Companies - India
- IEA Clean Coal Centre - UK
- Miang Besar Coal Terminal - Indonesia
- Mintek Dendrill Indonesia
- Central Java Power - Indonesia
- McConnell Dowell - Australia
- Sinarmas Energy and Mining - Indonesia
- Intertek Mineral Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Sical Logistics Limited - India
- Medco Energi Mining Internasional
- SMG Consultants - Indonesia
- Agrawal Coal Company - India
- Power Finance Corporation Ltd., India
- Kideco Jaya Agung - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- Formosa Plastics Group - Taiwan
- PTC India Limited - India
- Global Business Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Parliament of New Zealand
- IHS Mccloskey Coal Group - USA
- Maheswari Brothers Coal Limited - India
- Directorate Of Revenue Intelligence - India
- Directorate General of MIneral and Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Transport, Egypt
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sarangani Energy Corporation, Philippines
- Kumho Petrochemical, South Korea
- Karaikal Port Pvt Ltd - India
- Uttam Galva Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- SMC Global Power, Philippines
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- European Bulk Services B.V. - Netherlands
- Parry Sugars Refinery, India
- Bhushan Steel Limited - India
- Indian Energy Exchange, India
- Jindal Steel & Power Ltd - India
- Trasteel International SA, Italy
- Latin American Coal - Colombia
- Electricity Generating Authority of Thailand
- Wilmar Investment Holdings
- Riau Bara Harum - Indonesia
- Eastern Coal Council - USA
- Larsen & Toubro Limited - India
- Commonwealth Bank - Australia
- Kapuas Tunggal Persada - Indonesia
- Madhucon Powers Ltd - India
- Aboitiz Power Corporation - Philippines
- Africa Commodities Group - South Africa
- Cigading International Bulk Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GVK Power & Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- Australian Coal Association
- Coastal Gujarat Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Bukit Makmur.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kobexindo Tractors - Indoneisa
- Tata Chemicals Ltd - India
- Kepco SPC Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Energy Development Corp, Philippines
- Renaissance Capital - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Heidelberg Cement - Germany
- Australian Commodity Traders Exchange
- Indika Energy - Indonesia
- VISA Power Limited - India
- Sindya Power Generating Company Private Ltd
- Mjunction Services Limited - India
- CIMB Investment Bank - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- ICICI Bank Limited - India
- Simpson Spence & Young - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Iligan Light & Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Sree Jayajothi Cements Limited - India
- MS Steel International - UAE
- Economic Council, Georgia
- Bangladesh Power Developement Board
- Siam City Cement - Thailand
- Chettinad Cement Corporation Ltd - India
- Central Electricity Authority - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rio Tinto Coal - Australia
- Baramulti Group, Indonesia
- Thiess Contractors Indonesia
- Chamber of Mines of South Africa
- Antam Resourcindo - Indonesia
- Meenaskhi Energy Private Limited - India
- Energy Link Ltd, New Zealand
- Jaiprakash Power Ventures ltd
- Anglo American - United Kingdom
- LBH Netherlands Bv - Netherlands
- Ceylon Electricity Board - Sri Lanka
- White Energy Company Limited
- Petrochimia International Co. Ltd.- Taiwan
- Sojitz Corporation - Japan
- Oldendorff Carriers - Singapore
- Mercator Lines Limited - India
- Bhatia International Limited - India
- Aditya Birla Group - India
- Georgia Ports Authority, United States
- Salva Resources Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- PowerSource Philippines DevCo
- Asmin Koalindo Tuhup - Indonesia
- Barasentosa Lestari - Indonesia
- Singapore Mercantile Exchange
- Grasim Industreis Ltd - India
- Malabar Cements Ltd - India
- Standard Chartered Bank - UAE
- Marubeni Corporation - India
- Wood Mackenzie - Singapore
- Thai Mozambique Logistica
- Independent Power Producers Association of India
- TeaM Sual Corporation - Philippines
- Mercuria Energy - Indonesia
- Savvy Resources Ltd - HongKong
- India Bulls Power Limited - India
- Indogreen Group - Indonesia
- Carbofer General Trading SA - India
- SN Aboitiz Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Essar Steel Hazira Ltd - India
- San Jose City I Power Corp, Philippines
- Orica Mining Services - Indonesia
- Petron Corporation, Philippines
- Gujarat Sidhee Cement - India
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- Bulk Trading Sa - Switzerland
- Indo Tambangraya Megah - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Deloitte Consulting - India
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