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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, 23 September 22
CHINA DIGS DEEP TO RAISE COAL OUTPUT TO RECORD HIGH - REUTERS
China’s coal production has surged this year as the government seeks to improve energy security by reducing dependence on imports and amassin ...
Friday, 23 September 22
EUROPEAN STEEL BUYERS SEEK DIRECTION IN VOLATILE MARKET - MEPS INTERNATIONAL
Demand for steel is slow to recover, after the summer break. Mill production costs continue to increase. Steel purchasers are uncertain about the f ...
Friday, 23 September 22
BUOYANT COAL INDUSTRY SEEKS WAYS TO STAY IN THE LONG-TERM ENERGY MIX - REUTERS
There’s no doubt that the global coal industry has been a major beneficiary of Russia’s invasion of Ukraine and the subsequent energy c ...
Friday, 23 September 22
MARKET INSIGHT - INTERMODAL
In view of the forthcoming winter, Europe is trying to escape from its energy (oil & gas) dependency from Russia to ensure energy abundance eve ...
Tuesday, 20 September 22
CHINA'S DAILY COAL OUTPUT HITS 3-MONTH LOW IN AUGUST ON RAINS, COVID CURBS - REUTERS
China’s daily coal output in August slipped to a three-month low as some mines in its biggest coal mining regions reduced operations or even ...
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- Ind-Barath Power Infra Limited - India
- PowerSource Philippines DevCo
- Jaiprakash Power Ventures ltd
- Altura Mining Limited, Indonesia
- Thiess Contractors Indonesia
- Straits Asia Resources Limited - Singapore
- Ambuja Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Kepco SPC Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Indika Energy - Indonesia
- Tamil Nadu electricity Board
- Goldman Sachs - Singapore
- Directorate Of Revenue Intelligence - India
- Siam City Cement PLC, Thailand
- Singapore Mercantile Exchange
- Oldendorff Carriers - Singapore
- Global Coal Blending Company Limited - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Manunggal Multi Energi - Indonesia
- Coal and Oil Company - UAE
- Grasim Industreis Ltd - India
- Indo Tambangraya Megah - Indonesia
- Baramulti Group, Indonesia
- Global Green Power PLC Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Riau Bara Harum - Indonesia
- South Luzon Thermal Energy Corporation
- Central Java Power - Indonesia
- Bukit Makmur.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Trasteel International SA, Italy
- Thai Mozambique Logistica
- Bhoruka Overseas - Indonesia
- Africa Commodities Group - South Africa
- Bhushan Steel Limited - India
- Intertek Mineral Services - Indonesia
- Cement Manufacturers Association - India
- Makarim & Taira - Indonesia
- Petron Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Bulk Trading Sa - Switzerland
- Central Electricity Authority - India
- Antam Resourcindo - Indonesia
- Metalloyd Limited - United Kingdom
- European Bulk Services B.V. - Netherlands
- Bhatia International Limited - India
- Therma Luzon, Inc, Philippines
- Australian Commodity Traders Exchange
- ICICI Bank Limited - India
- Gujarat Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- Energy Link Ltd, New Zealand
- Standard Chartered Bank - UAE
- Toyota Tsusho Corporation, Japan
- Aboitiz Power Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Dalmia Cement Bharat India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Billiton Holdings Pty Ltd - Australia
- Eastern Energy - Thailand
- Posco Energy - South Korea
- Edison Trading Spa - Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Coal Association
- Electricity Generating Authority of Thailand
- Meenaskhi Energy Private Limited - India
- Mercator Lines Limited - India
- Globalindo Alam Lestari - Indonesia
- White Energy Company Limited
- SMG Consultants - Indonesia
- Coalindo Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- McConnell Dowell - Australia
- Videocon Industries ltd - India
- Krishnapatnam Port Company Ltd. - India
- Kideco Jaya Agung - Indonesia
- Port Waratah Coal Services - Australia
- Deloitte Consulting - India
- Independent Power Producers Association of India
- The University of Queensland
- Eastern Coal Council - USA
- GMR Energy Limited - India
- Coastal Gujarat Power Limited - India
- MS Steel International - UAE
- Parry Sugars Refinery, India
- Petrochimia International Co. Ltd.- Taiwan
- Essar Steel Hazira Ltd - India
- Kumho Petrochemical, South Korea
- Siam City Cement - Thailand
- IHS Mccloskey Coal Group - USA
- Electricity Authority, New Zealand
- Economic Council, Georgia
- Asmin Koalindo Tuhup - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Global Business Power Corporation, Philippines
- Indonesian Coal Mining Association
- Anglo American - United Kingdom
- Malabar Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Agrawal Coal Company - India
- Mercuria Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Attock Cement Pakistan Limited
- Meralco Power Generation, Philippines
- Latin American Coal - Colombia
- Georgia Ports Authority, United States
- Bukit Asam (Persero) Tbk - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Ministry of Transport, Egypt
- SMC Global Power, Philippines
- Star Paper Mills Limited - India
- Banpu Public Company Limited - Thailand
- Chamber of Mines of South Africa
- Minerals Council of Australia
- Semirara Mining Corp, Philippines
- Tata Chemicals Ltd - India
- Madhucon Powers Ltd - India
- CIMB Investment Bank - Malaysia
- Borneo Indobara - Indonesia
- Indogreen Group - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Jindal Steel & Power Ltd - India
- Renaissance Capital - South Africa
- Interocean Group of Companies - India
- Lanco Infratech Ltd - India
- Gujarat Sidhee Cement - India
- Parliament of New Zealand
- Merrill Lynch Commodities Europe
- Formosa Plastics Group - Taiwan
- Power Finance Corporation Ltd., India
- International Coal Ventures Pvt Ltd - India
- Orica Australia Pty. Ltd.
- India Bulls Power Limited - India
- PTC India Limited - India
- Sical Logistics Limited - India
- Jorong Barutama Greston.PT - Indonesia
- The Treasury - Australian Government
- Neyveli Lignite Corporation Ltd, - India
- Rashtriya Ispat Nigam Limited - India
- Energy Development Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Uttam Galva Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bayan Resources Tbk. - Indonesia
- Vedanta Resources Plc - India
- Bharathi Cement Corporation - India
- Vizag Seaport Private Limited - India
- Wood Mackenzie - Singapore
- Wilmar Investment Holdings
- Medco Energi Mining Internasional
- IEA Clean Coal Centre - UK
- Mjunction Services Limited - India
- TeaM Sual Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bangladesh Power Developement Board
- San Jose City I Power Corp, Philippines
- Commonwealth Bank - Australia
- Iligan Light & Power Inc, Philippines
- CNBM International Corporation - China
- Sarangani Energy Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Marubeni Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Mintek Dendrill Indonesia
- Aditya Birla Group - India
- Larsen & Toubro Limited - India
- Semirara Mining and Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Sakthi Sugars Limited - India
- SN Aboitiz Power Inc, Philippines
- Orica Mining Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Simpson Spence & Young - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Kalimantan Lumbung Energi - Indonesia
- The State Trading Corporation of India Ltd
- Heidelberg Cement - Germany
- Ministry of Finance - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Barasentosa Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- ASAPP Information Group - India
- Maheswari Brothers Coal Limited - India
- Carbofer General Trading SA - India
- Cigading International Bulk Terminal - Indonesia
- Indian Oil Corporation Limited
- Holcim Trading Pte Ltd - Singapore
- Sindya Power Generating Company Private Ltd
- Romanian Commodities Exchange
- Alfred C Toepfer International GmbH - Germany
- Salva Resources Pvt Ltd - India
- Ministry of Mines - Canada
- Kapuas Tunggal Persada - Indonesia
- London Commodity Brokers - England
- Indian Energy Exchange, India
- Binh Thuan Hamico - Vietnam
- Savvy Resources Ltd - HongKong
- Planning Commission, India
- Chettinad Cement Corporation Ltd - India
- New Zealand Coal & Carbon
- GAC Shipping (India) Pvt Ltd
- Leighton Contractors Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Price Waterhouse Coopers - Russia
- VISA Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
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