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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, 06 July 17
SUPRAMAX: INDO TO INDIA TRIPS WITH DELIVERY THAILAND RANGE IS GIVING OWNERS AROUND MID $8000 - FEARNLEYS
Supramax
Another slow start to the week with somewhat softening rates and few fixtures.
According to Fearnleys Weekly Dry bulk report, the N ...
Thursday, 06 July 17
UNEXPECTED MOVE FROM CHINA BOOSTS COAL PRICES - OIL PRICE
Coal prices have been cooling the last few months — after a spectacular run last year. But news late last week suggests the market is about t ...
Wednesday, 05 July 17
COAL PRICES ROSE IN CHINA, JAPAN AND EUROPE IN 2016 - BP
COALspot.com: Coal prices rose in China, Japan and Europe in 2016 after four years of price declines.
According to bp, the rise in coal prices ...
Wednesday, 05 July 17
TANKER MARKET INSIGHT - KATERINA RESTIS
A war of words blasted last month as the UAE, S. Arabia, Egypt and Bahrain revealed that they are experiencing severe diplomatic issues with the st ...
Wednesday, 05 July 17
TROUBLE SEEMS TO BE LOOMING ONCE MORE IN THE STEEL INDUSTRY - GEORGE LAZARIDIS
Trouble seems to be looming once more in the steel industry as US President Trump puts forth his plans for specialist protectionist measures for th ...
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Showing 2011 to 2015 news of total 6871 |
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- Bayan Resources Tbk. - Indonesia
- Baramulti Group, Indonesia
- Energy Link Ltd, New Zealand
- Bangladesh Power Developement Board
- Directorate General of MIneral and Coal - Indonesia
- Goldman Sachs - Singapore
- Oldendorff Carriers - Singapore
- Standard Chartered Bank - UAE
- Posco Energy - South Korea
- Bhoruka Overseas - Indonesia
- Simpson Spence & Young - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
- The Treasury - Australian Government
- Samtan Co., Ltd - South Korea
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- Indian Energy Exchange, India
- Kumho Petrochemical, South Korea
- Neyveli Lignite Corporation Ltd, - India
- International Coal Ventures Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Latin American Coal - Colombia
- Makarim & Taira - Indonesia
- GAC Shipping (India) Pvt Ltd
- Coastal Gujarat Power Limited - India
- Orica Mining Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Medco Energi Mining Internasional
- CIMB Investment Bank - Malaysia
- New Zealand Coal & Carbon
- Jindal Steel & Power Ltd - India
- Deloitte Consulting - India
- Ministry of Finance - Indonesia
- Parry Sugars Refinery, India
- MS Steel International - UAE
- Independent Power Producers Association of India
- Tamil Nadu electricity Board
- Savvy Resources Ltd - HongKong
- Marubeni Corporation - India
- Star Paper Mills Limited - India
- Kideco Jaya Agung - Indonesia
- AsiaOL BioFuels Corp., Philippines
- European Bulk Services B.V. - Netherlands
- Siam City Cement - Thailand
- Heidelberg Cement - Germany
- Central Java Power - Indonesia
- Tata Chemicals Ltd - India
- Price Waterhouse Coopers - Russia
- Attock Cement Pakistan Limited
- CNBM International Corporation - China
- Romanian Commodities Exchange
- Barasentosa Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Aditya Birla Group - India
- Trasteel International SA, Italy
- PNOC Exploration Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Interocean Group of Companies - India
- Global Coal Blending Company Limited - Australia
- Antam Resourcindo - Indonesia
- Directorate Of Revenue Intelligence - India
- Vedanta Resources Plc - India
- Wood Mackenzie - Singapore
- Miang Besar Coal Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pipit Mutiara Jaya. PT, Indonesia
- GMR Energy Limited - India
- The State Trading Corporation of India Ltd
- Sakthi Sugars Limited - India
- Petron Corporation, Philippines
- Riau Bara Harum - Indonesia
- Intertek Mineral Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Mintek Dendrill Indonesia
- Carbofer General Trading SA - India
- The University of Queensland
- Pendopo Energi Batubara - Indonesia
- Malabar Cements Ltd - India
- Mercuria Energy - Indonesia
- Grasim Industreis Ltd - India
- Rio Tinto Coal - Australia
- Xindia Steels Limited - India
- GVK Power & Infra Limited - India
- Thai Mozambique Logistica
- Global Business Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- SMC Global Power, Philippines
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- Gujarat Sidhee Cement - India
- ASAPP Information Group - India
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Energy - Thailand
- Renaissance Capital - South Africa
- Krishnapatnam Port Company Ltd. - India
- Kalimantan Lumbung Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Kartika Selabumi Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Cement Manufacturers Association - India
- SN Aboitiz Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Central Electricity Authority - India
- Vizag Seaport Private Limited - India
- McConnell Dowell - Australia
- Bharathi Cement Corporation - India
- Dalmia Cement Bharat India
- Bhatia International Limited - India
- White Energy Company Limited
- London Commodity Brokers - England
- Semirara Mining Corp, Philippines
- Wilmar Investment Holdings
- Meenaskhi Energy Private Limited - India
- Jaiprakash Power Ventures ltd
- Edison Trading Spa - Italy
- Singapore Mercantile Exchange
- Planning Commission, India
- Coalindo Energy - Indonesia
- Ambuja Cements Ltd - India
- Sical Logistics Limited - India
- Gujarat Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Orica Australia Pty. Ltd.
- Coal and Oil Company - UAE
- Mercator Lines Limited - India
- Leighton Contractors Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Thiess Contractors Indonesia
- Ministry of Mines - Canada
- Chamber of Mines of South Africa
- Kaltim Prima Coal - Indonesia
- Lanco Infratech Ltd - India
- Metalloyd Limited - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Georgia Ports Authority, United States
- Mjunction Services Limited - India
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement PLC, Thailand
- Madhucon Powers Ltd - India
- SMG Consultants - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- VISA Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- India Bulls Power Limited - India
- Borneo Indobara - Indonesia
- TeaM Sual Corporation - Philippines
- Electricity Generating Authority of Thailand
- Indonesian Coal Mining Association
- Commonwealth Bank - Australia
- Bukit Makmur.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bhushan Steel Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Parliament of New Zealand
- Indian Oil Corporation Limited
- Rashtriya Ispat Nigam Limited - India
- Indogreen Group - Indonesia
- Australian Coal Association
- PTC India Limited - India
- Australian Commodity Traders Exchange
- Maheswari Brothers Coal Limited - India
- Africa Commodities Group - South Africa
- Cigading International Bulk Terminal - Indonesia
- Energy Development Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PowerSource Philippines DevCo
- Iligan Light & Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Formosa Plastics Group - Taiwan
- Ministry of Transport, Egypt
- TNB Fuel Sdn Bhd - Malaysia
- Indika Energy - Indonesia
- Port Waratah Coal Services - Australia
- Asmin Koalindo Tuhup - Indonesia
- Aboitiz Power Corporation - Philippines
- ICICI Bank Limited - India
- Kobexindo Tractors - Indoneisa
- Uttam Galva Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Eastern Coal Council - USA
- Chettinad Cement Corporation Ltd - India
- Global Green Power PLC Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sinarmas Energy and Mining - Indonesia
- Electricity Authority, New Zealand
- Altura Mining Limited, Indonesia
- Manunggal Multi Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Meralco Power Generation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Economic Council, Georgia
- Timah Investasi Mineral - Indoneisa
- Videocon Industries ltd - India
- Ind-Barath Power Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Billiton Holdings Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Binh Thuan Hamico - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Jorong Barutama Greston.PT - Indonesia
- Agrawal Coal Company - India
- IHS Mccloskey Coal Group - USA
- PetroVietnam Power Coal Import and Supply Company
- Bukit Asam (Persero) Tbk - Indonesia
- Larsen & Toubro Limited - India
- Semirara Mining and Power Corporation, Philippines
- Sojitz Corporation - Japan
- Minerals Council of Australia
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