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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, 15 July 21
U.S. FOSSIL FUEL CONSUMPTION FELL BY 9% IN 2020, THE LOWEST LEVEL IN NEARLY 30 YEARS - EIA
U.S. fossil fuel consumption fell by 9% in 2020, the lowest level in nearly 30 years
In 2020, total consumption of fossil fuels in t ...
Thursday, 15 July 21
IN 2020, U.S. COAL PRODUCTION FELL TO ITS LOWEST LEVEL SINCE 1965 - EIA
U.S. coal production totaled 535 million short tons (MMst) in 2020, a 24% decrease from the 706 MMst mined in 2019 and the lowest level of coal pro ...
Wednesday, 14 July 21
MARKET INSIGHT - INTERMODAL
In its latest Global Economic Prospects report, the world bank recorded the strongest post-recession global growth in 80 years, but emerging and de ...
Tuesday, 13 July 21
JAPAN STILL SEEKING TO EXPLOIT COAL POWER LOOPHOLES - IEEFA
JBIC wants to continue burdening developing nations with its expensive coal-fired power technology
Japan is continuing to push its expensive c ...
Sunday, 11 July 21
COAL SHOWS ITS STAYING POWER AS ECONOMIES BOUNCE BACK - THE WALL STREET JOURNAL
Coal use is surging in some of the world’s largest economies as electricity demand rebounds from the pandemic, illustrating the challenges to ...
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- Kapuas Tunggal Persada - Indonesia
- Uttam Galva Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- European Bulk Services B.V. - Netherlands
- SMG Consultants - Indonesia
- Oldendorff Carriers - Singapore
- Renaissance Capital - South Africa
- Merrill Lynch Commodities Europe
- Thiess Contractors Indonesia
- Petron Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Eastern Energy - Thailand
- Ministry of Finance - Indonesia
- GAC Shipping (India) Pvt Ltd
- Medco Energi Mining Internasional
- Billiton Holdings Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Xindia Steels Limited - India
- Thai Mozambique Logistica
- Indo Tambangraya Megah - Indonesia
- Power Finance Corporation Ltd., India
- Bhatia International Limited - India
- Indika Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Bhushan Steel Limited - India
- Australian Commodity Traders Exchange
- Goldman Sachs - Singapore
- Deloitte Consulting - India
- Anglo American - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Salva Resources Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Grasim Industreis Ltd - India
- International Coal Ventures Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Mjunction Services Limited - India
- Independent Power Producers Association of India
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Savvy Resources Ltd - HongKong
- Kaltim Prima Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Agrawal Coal Company - India
- Posco Energy - South Korea
- South Luzon Thermal Energy Corporation
- Marubeni Corporation - India
- White Energy Company Limited
- Pendopo Energi Batubara - Indonesia
- Price Waterhouse Coopers - Russia
- Samtan Co., Ltd - South Korea
- Toyota Tsusho Corporation, Japan
- Heidelberg Cement - Germany
- Neyveli Lignite Corporation Ltd, - India
- Tamil Nadu electricity Board
- Parry Sugars Refinery, India
- Ambuja Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- Dalmia Cement Bharat India
- CNBM International Corporation - China
- Altura Mining Limited, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Coal Blending Company Limited - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Wilmar Investment Holdings
- Borneo Indobara - Indonesia
- Wood Mackenzie - Singapore
- Iligan Light & Power Inc, Philippines
- VISA Power Limited - India
- Larsen & Toubro Limited - India
- Chamber of Mines of South Africa
- Ind-Barath Power Infra Limited - India
- Latin American Coal - Colombia
- Mercator Lines Limited - India
- Semirara Mining Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Sojitz Corporation - Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Energy Exchange, India
- Economic Council, Georgia
- PNOC Exploration Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- The University of Queensland
- India Bulls Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- MS Steel International - UAE
- Meralco Power Generation, Philippines
- Georgia Ports Authority, United States
- LBH Netherlands Bv - Netherlands
- Siam City Cement PLC, Thailand
- Bukit Makmur.PT - Indonesia
- Sakthi Sugars Limited - India
- Lanco Infratech Ltd - India
- Jaiprakash Power Ventures ltd
- Maharashtra Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Karaikal Port Pvt Ltd - India
- Bangladesh Power Developement Board
- Makarim & Taira - Indonesia
- TeaM Sual Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Antam Resourcindo - Indonesia
- London Commodity Brokers - England
- Parliament of New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Formosa Plastics Group - Taiwan
- Siam City Cement - Thailand
- ICICI Bank Limited - India
- Energy Development Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Indian Oil Corporation Limited
- Binh Thuan Hamico - Vietnam
- Coal and Oil Company - UAE
- GN Power Mariveles Coal Plant, Philippines
- Minerals Council of Australia
- TNB Fuel Sdn Bhd - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Rio Tinto Coal - Australia
- GVK Power & Infra Limited - India
- Mintek Dendrill Indonesia
- Essar Steel Hazira Ltd - India
- Energy Link Ltd, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Java Power - Indonesia
- Gujarat Sidhee Cement - India
- Videocon Industries ltd - India
- San Jose City I Power Corp, Philippines
- Mercuria Energy - Indonesia
- Baramulti Group, Indonesia
- Electricity Authority, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Therma Luzon, Inc, Philippines
- Planning Commission, India
- McConnell Dowell - Australia
- GMR Energy Limited - India
- Bukit Baiduri Energy - Indonesia
- Malabar Cements Ltd - India
- Trasteel International SA, Italy
- Sarangani Energy Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Madhucon Powers Ltd - India
- Central Electricity Authority - India
- Edison Trading Spa - Italy
- Coastal Gujarat Power Limited - India
- New Zealand Coal & Carbon
- CIMB Investment Bank - Malaysia
- Global Green Power PLC Corporation, Philippines
- Romanian Commodities Exchange
- Riau Bara Harum - Indonesia
- Carbofer General Trading SA - India
- Chettinad Cement Corporation Ltd - India
- Kumho Petrochemical, South Korea
- SN Aboitiz Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- The Treasury - Australian Government
- Sical Logistics Limited - India
- Aditya Birla Group - India
- Ministry of Mines - Canada
- Singapore Mercantile Exchange
- Cigading International Bulk Terminal - Indonesia
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
- Sinarmas Energy and Mining - Indonesia
- Orica Mining Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Transport, Egypt
- PTC India Limited - India
- Cement Manufacturers Association - India
- Kartika Selabumi Mining - Indonesia
- ASAPP Information Group - India
- Jorong Barutama Greston.PT - Indonesia
- Star Paper Mills Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Coal Council - USA
- Australian Coal Association
- Bhoruka Overseas - Indonesia
- Indogreen Group - Indonesia
- Bharathi Cement Corporation - India
- Vizag Seaport Private Limited - India
- Straits Asia Resources Limited - Singapore
- Africa Commodities Group - South Africa
- Bayan Resources Tbk. - Indonesia
- The State Trading Corporation of India Ltd
- Attock Cement Pakistan Limited
- IEA Clean Coal Centre - UK
- Krishnapatnam Port Company Ltd. - India
- Global Business Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Commonwealth Bank - Australia
- PowerSource Philippines DevCo
- Vedanta Resources Plc - India
- Ceylon Electricity Board - Sri Lanka
- Banpu Public Company Limited - Thailand
- Bulk Trading Sa - Switzerland
- Pipit Mutiara Jaya. PT, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Indonesian Coal Mining Association
- Maheswari Brothers Coal Limited - India
- Coalindo Energy - Indonesia
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