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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, 23 December 21
INDONESIA’S 2022 COAL OUTPUT SEEN BETWEEN 637 MLN-664 MLN T- OFFICIAL - REUTERS
Indonesia’s 2022 coal output is estimated at between 637 million to 664 million tonnes based on production plans currently being finalised, s ...
Thursday, 23 December 21
VALE ANNOUNCES THE SALE OF ITS COAL ASSETS
Vale informs that, on this date, it has entered into a binding agreement with Vulcan to sell the Moatize coal mine and the Nacala Logistics Corrido ...
Thursday, 23 December 21
INDIA: CAPTIVE POWER PRODUCERS URGE GOVT TO ENSURE NORMAL COAL SUPPLIES - PTI
A captive power producers’ association has urged the government for 100 per cent normalisation of coal supply to captive power producers whil ...
Thursday, 23 December 21
MARKET INSIGHT - INTERMODAL
As an outstanding year for the dry bulk freight market comes to a close, so does a thriving year for the SnP market which can only be compared to 2 ...
Tuesday, 14 December 21
COAL LOCK-IN IN SOUTHEAST ASIA PRESENTS A CHALLENGE FOR THE ASIAN DEVELOPMENT BANK'S COAL RETIREMENT PLAN - IEEFA
In August, the Asian Development Bank (ADB) announced an ambitious plan to buy high emissions coal-fired power plants in Southeast Asia and retire ...
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- Mercator Lines Limited - India
- Wilmar Investment Holdings
- PetroVietnam Power Coal Import and Supply Company
- Simpson Spence & Young - Indonesia
- Anglo American - United Kingdom
- Port Waratah Coal Services - Australia
- GAC Shipping (India) Pvt Ltd
- Energy Link Ltd, New Zealand
- Ministry of Mines - Canada
- Aboitiz Power Corporation - Philippines
- Sakthi Sugars Limited - India
- Manunggal Multi Energi - Indonesia
- Gujarat Sidhee Cement - India
- McConnell Dowell - Australia
- Coastal Gujarat Power Limited - India
- Vizag Seaport Private Limited - India
- Price Waterhouse Coopers - Russia
- Vijayanagar Sugar Pvt Ltd - India
- Commonwealth Bank - Australia
- Uttam Galva Steels Limited - India
- Altura Mining Limited, Indonesia
- Jaiprakash Power Ventures ltd
- South Luzon Thermal Energy Corporation
- Standard Chartered Bank - UAE
- Deloitte Consulting - India
- Timah Investasi Mineral - Indoneisa
- Straits Asia Resources Limited - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Intertek Mineral Services - Indonesia
- Georgia Ports Authority, United States
- Savvy Resources Ltd - HongKong
- Madhucon Powers Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Grasim Industreis Ltd - India
- Barasentosa Lestari - Indonesia
- Vedanta Resources Plc - India
- Ambuja Cements Ltd - India
- CNBM International Corporation - China
- Petron Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Mercuria Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Baramulti Group, Indonesia
- OPG Power Generation Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Global Business Power Corporation, Philippines
- Bhatia International Limited - India
- Pendopo Energi Batubara - Indonesia
- Binh Thuan Hamico - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Planning Commission, India
- TeaM Sual Corporation - Philippines
- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
- New Zealand Coal & Carbon
- Bangladesh Power Developement Board
- Antam Resourcindo - Indonesia
- Dalmia Cement Bharat India
- Eastern Energy - Thailand
- Central Java Power - Indonesia
- Independent Power Producers Association of India
- Sical Logistics Limited - India
- Central Electricity Authority - India
- PTC India Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Goldman Sachs - Singapore
- Xindia Steels Limited - India
- Mjunction Services Limited - India
- Thiess Contractors Indonesia
- Indian Energy Exchange, India
- Meralco Power Generation, Philippines
- Directorate Of Revenue Intelligence - India
- Kalimantan Lumbung Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Transport, Egypt
- GVK Power & Infra Limited - India
- SMG Consultants - Indonesia
- Rio Tinto Coal - Australia
- Bukit Baiduri Energy - Indonesia
- Wood Mackenzie - Singapore
- Therma Luzon, Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
- Bukit Makmur.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Formosa Plastics Group - Taiwan
- Electricity Authority, New Zealand
- Malabar Cements Ltd - India
- Coalindo Energy - Indonesia
- London Commodity Brokers - England
- Bhoruka Overseas - Indonesia
- Interocean Group of Companies - India
- Romanian Commodities Exchange
- Chamber of Mines of South Africa
- Aditya Birla Group - India
- Posco Energy - South Korea
- Gujarat Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Bhushan Steel Limited - India
- Karaikal Port Pvt Ltd - India
- Siam City Cement - Thailand
- Australian Coal Association
- Asmin Koalindo Tuhup - Indonesia
- Larsen & Toubro Limited - India
- Indogreen Group - Indonesia
- Videocon Industries ltd - India
- Trasteel International SA, Italy
- PowerSource Philippines DevCo
- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Lanco Infratech Ltd - India
- Toyota Tsusho Corporation, Japan
- Makarim & Taira - Indonesia
- IHS Mccloskey Coal Group - USA
- AsiaOL BioFuels Corp., Philippines
- Power Finance Corporation Ltd., India
- Riau Bara Harum - Indonesia
- Meenaskhi Energy Private Limited - India
- SMC Global Power, Philippines
- Leighton Contractors Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- San Jose City I Power Corp, Philippines
- White Energy Company Limited
- Tamil Nadu electricity Board
- Samtan Co., Ltd - South Korea
- Holcim Trading Pte Ltd - Singapore
- Kartika Selabumi Mining - Indonesia
- ASAPP Information Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Australian Commodity Traders Exchange
- Latin American Coal - Colombia
- Semirara Mining Corp, Philippines
- Tata Chemicals Ltd - India
- MS Steel International - UAE
- SN Aboitiz Power Inc, Philippines
- Coal and Oil Company - UAE
- Sojitz Corporation - Japan
- Global Coal Blending Company Limited - Australia
- Kumho Petrochemical, South Korea
- Rashtriya Ispat Nigam Limited - India
- Indian Oil Corporation Limited
- Electricity Generating Authority of Thailand
- Oldendorff Carriers - Singapore
- Ceylon Electricity Board - Sri Lanka
- Chettinad Cement Corporation Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indonesian Coal Mining Association
- Petrochimia International Co. Ltd.- Taiwan
- Thai Mozambique Logistica
- Essar Steel Hazira Ltd - India
- Star Paper Mills Limited - India
- Singapore Mercantile Exchange
- Directorate General of MIneral and Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Mintek Dendrill Indonesia
- Edison Trading Spa - Italy
- Salva Resources Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Cement Manufacturers Association - India
- Maheswari Brothers Coal Limited - India
- PNOC Exploration Corporation - Philippines
- Parliament of New Zealand
- Siam City Cement PLC, Thailand
- Indika Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Marubeni Corporation - India
- Renaissance Capital - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Iligan Light & Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Kaltim Prima Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Borneo Indobara - Indonesia
- Attock Cement Pakistan Limited
- Bulk Trading Sa - Switzerland
- Miang Besar Coal Terminal - Indonesia
- ICICI Bank Limited - India
- IEA Clean Coal Centre - UK
- Heidelberg Cement - Germany
- International Coal Ventures Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Kideco Jaya Agung - Indonesia
- Minerals Council of Australia
- Sarangani Energy Corporation, Philippines
- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Economic Council, Georgia
- Energy Development Corp, Philippines
- GMR Energy Limited - India
- India Bulls Power Limited - India
- Merrill Lynch Commodities Europe
- Bharathi Cement Corporation - India
- Eastern Coal Council - USA
- Ind-Barath Power Infra Limited - India
- VISA Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Metalloyd Limited - United Kingdom
- Carbofer General Trading SA - India
- Agrawal Coal Company - India
- Medco Energi Mining Internasional
- Jindal Steel & Power Ltd - India
- CIMB Investment Bank - Malaysia
- Sindya Power Generating Company Private Ltd
- Kapuas Tunggal Persada - Indonesia
- Orica Australia Pty. Ltd.
- Billiton Holdings Pty Ltd - Australia
- Parry Sugars Refinery, India
- Bukit Asam (Persero) Tbk - Indonesia
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