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Saturday, 23 July 22
INDONESIA CONSIDERING SCRAPPING DOMESTIC SALES RULE FOR PALM OIL EXPORTS - REUTERS
Indonesia is considering removing a domestic sales requirement for palm oil exports because high inventories of the vegetable oil have been holding back a recovery of palm oil fruit prices, the trade minister said.
Since ending a temporary ban on exports in late May, the world’s biggest palm oil producer has required companies to sell a portion of output at home before issuing export permits, a policy known as DMO, in a bid to control cooking oil prices.
The temporary ban on shipments and the DMO policy, however, had led to a surge in palm oil stocks, storage issues and a slump in the price of palm oil fruit received by farmers.
Minister Zulkifli Hasan told reporters that previous policies to address such issues, including a temporary removal of an export levy and a larger export quota, had failed to slash stocks quickly.
“I am considering removing DMO requirements so exports can go out quickly, but I want assurances from our friends at refineries,” he told reporters during a visit to a market, according to a voice recording provided by the ministry.
Indonesian authorities were aware of anticipated high demand from India and Pakistan for the upcoming Diwali holidays and would ensure that buyers had enough supply, Zulkifli said.
Indonesia’s palm oil industry has been lobbying for an easing in export restrictions and taxes, arguing that otherwise produce may go to waste, particularly with the harvest set to peak in coming months and with storage at capacity.
An industry association said this week Indonesia will have to export 6 million tonnes of palm oil by August if it wants to cut its inventory levels back to normal.
Southeast Asia’s biggest economy has removed its export levy for all palm oil products until Aug. 31. and plans to set a crude palm oil reference price every two weeks instead of monthly so the price and resulting tax would be more in line with market conditions.
Source: Reuters
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Thursday, 26 August 21
INDIA IMPORTED 17.06 MLN TONNES OF LPG IN 2020; UP 11.5% Y-O-Y
Global LPG trade remained fairly positive in 2020, despite the global economic impact from COVID-19, and surged strongly in the first half of 2021. ...
Thursday, 26 August 21
MARKET INSIGHT - INTERMODAL
24th of August 2021, the Baltic Dry Index reached 4,201, a YTD high and the highest since May 2010.
Cape 5TC daily average @ 51,472
...
Tuesday, 24 August 21
COAL PRICE RALLY TO PRESSURE CHINESE POWER GENCOS’ MARGINS FITCH RATINGS
Fitch Ratings expects the pressure on Chinese power generation companies’ (gencos) profit from the recent coal price surge to weaken their cr ...
Tuesday, 24 August 21
TIGHT POWER SUPPLY IN CHINA AMID STRONG DEMAND, HIGH COAL PRICES - FITCH RATINGS
China experienced tight power supply in 1H21 on stronger than expected power demand as economic activity continued to recover, Fitch Ratings says i ...
Monday, 23 August 21
CHINESE COAL PRODUCTION RISES 4.9 PCT IN 1ST 7 MONTHS OF 2021 - NBS
Official figures demonstrated that the Chinese raw coal production surged 4.9 percent annually to 2.26 billion tonnes in the January-July period of ...
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- Carbofer General Trading SA - India
- Sinarmas Energy and Mining - Indonesia
- Vizag Seaport Private Limited - India
- Indian Energy Exchange, India
- Bukit Makmur.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Kartika Selabumi Mining - Indonesia
- Petron Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Essar Steel Hazira Ltd - India
- Orica Australia Pty. Ltd.
- McConnell Dowell - Australia
- Ministry of Transport, Egypt
- Riau Bara Harum - Indonesia
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- Australian Commodity Traders Exchange
- Energy Development Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Commonwealth Bank - Australia
- Indian Oil Corporation Limited
- Bayan Resources Tbk. - Indonesia
- Rio Tinto Coal - Australia
- Agrawal Coal Company - India
- Intertek Mineral Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement PLC, Thailand
- Coal and Oil Company - UAE
- Kepco SPC Power Corporation, Philippines
- Thiess Contractors Indonesia
- Savvy Resources Ltd - HongKong
- Holcim Trading Pte Ltd - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Sical Logistics Limited - India
- Pendopo Energi Batubara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- The State Trading Corporation of India Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meralco Power Generation, Philippines
- Videocon Industries ltd - India
- Ministry of Finance - Indonesia
- Sarangani Energy Corporation, Philippines
- PowerSource Philippines DevCo
- GAC Shipping (India) Pvt Ltd
- Aditya Birla Group - India
- Parry Sugars Refinery, India
- Barasentosa Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Price Waterhouse Coopers - Russia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Ambuja Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Economic Council, Georgia
- Port Waratah Coal Services - Australia
- Eastern Coal Council - USA
- Bhushan Steel Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Uttam Galva Steels Limited - India
- Jaiprakash Power Ventures ltd
- Kaltim Prima Coal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- The University of Queensland
- Anglo American - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Asmin Koalindo Tuhup - Indonesia
- Oldendorff Carriers - Singapore
- Goldman Sachs - Singapore
- Karaikal Port Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Directorate Of Revenue Intelligence - India
- Billiton Holdings Pty Ltd - Australia
- Planning Commission, India
- Electricity Generating Authority of Thailand
- Metalloyd Limited - United Kingdom
- London Commodity Brokers - England
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- New Zealand Coal & Carbon
- Kumho Petrochemical, South Korea
- Siam City Cement - Thailand
- Bhoruka Overseas - Indonesia
- Posco Energy - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Thai Mozambique Logistica
- Attock Cement Pakistan Limited
- Central Java Power - Indonesia
- International Coal Ventures Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Vedanta Resources Plc - India
- GN Power Mariveles Coal Plant, Philippines
- Global Coal Blending Company Limited - Australia
- Meenaskhi Energy Private Limited - India
- PTC India Limited - India
- Rashtriya Ispat Nigam Limited - India
- Kideco Jaya Agung - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Renaissance Capital - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Marubeni Corporation - India
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Wilmar Investment Holdings
- Mercuria Energy - Indonesia
- SMC Global Power, Philippines
- Mjunction Services Limited - India
- Jindal Steel & Power Ltd - India
- Central Electricity Authority - India
- Tamil Nadu electricity Board
- Samtan Co., Ltd - South Korea
- Interocean Group of Companies - India
- Romanian Commodities Exchange
- Straits Asia Resources Limited - Singapore
- Gujarat Sidhee Cement - India
- Sakthi Sugars Limited - India
- Miang Besar Coal Terminal - Indonesia
- Eastern Energy - Thailand
- Parliament of New Zealand
- Electricity Authority, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Orica Mining Services - Indonesia
- Larsen & Toubro Limited - India
- MS Steel International - UAE
- OPG Power Generation Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Heidelberg Cement - Germany
- Leighton Contractors Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- SN Aboitiz Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Sojitz Corporation - Japan
- Xindia Steels Limited - India
- South Luzon Thermal Energy Corporation
- GMR Energy Limited - India
- Simpson Spence & Young - Indonesia
- Mercator Lines Limited - India
- Indogreen Group - Indonesia
- Bharathi Cement Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Lanco Infratech Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- ASAPP Information Group - India
- Australian Coal Association
- Wood Mackenzie - Singapore
- Formosa Plastics Group - Taiwan
- Iligan Light & Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- SMG Consultants - Indonesia
- European Bulk Services B.V. - Netherlands
- VISA Power Limited - India
- Cement Manufacturers Association - India
- Energy Link Ltd, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IEA Clean Coal Centre - UK
- Africa Commodities Group - South Africa
- Coalindo Energy - Indonesia
- Baramulti Group, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Globalindo Alam Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- Singapore Mercantile Exchange
- Malabar Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- Manunggal Multi Energi - Indonesia
- Tata Chemicals Ltd - India
- Global Business Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Global Green Power PLC Corporation, Philippines
- ICICI Bank Limited - India
- Independent Power Producers Association of India
- Ind-Barath Power Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Borneo Indobara - Indonesia
- GVK Power & Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Indo Tambangraya Megah - Indonesia
- Binh Thuan Hamico - Vietnam
- Bhatia International Limited - India
- Georgia Ports Authority, United States
- India Bulls Power Limited - India
- Star Paper Mills Limited - India
- Ministry of Mines - Canada
- Chamber of Mines of South Africa
- Minerals Council of Australia
- Medco Energi Mining Internasional
- Grasim Industreis Ltd - India
- Semirara Mining and Power Corporation, Philippines
- The Treasury - Australian Government
- Antam Resourcindo - Indonesia
- CNBM International Corporation - China
- Bangladesh Power Developement Board
- Standard Chartered Bank - UAE
- Power Finance Corporation Ltd., India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Latin American Coal - Colombia
- White Energy Company Limited
- Indika Energy - Indonesia
- Makarim & Taira - Indonesia
- Edison Trading Spa - Italy
- Mintek Dendrill Indonesia
- CIMB Investment Bank - Malaysia
- Trasteel International SA, Italy
- Karbindo Abesyapradhi - Indoneisa
- PNOC Exploration Corporation - Philippines
- Dalmia Cement Bharat India
- Banpu Public Company Limited - Thailand
- Madhucon Powers Ltd - India
- Maheswari Brothers Coal Limited - India
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