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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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Monday, 14 June 21
'WISHFUL THINKING': WHY CHINA NEEDS AUSTRALIAN IRON ORE FOR 'MANY YEARS' TO COME - YAHOO FINANCE AU
A “wintry period”.
That’s what’s expected to happen to Australia’s economy “when” China st ...
Sunday, 13 June 21
COAL AND LNG’S SURGE IN ASIA PLAYS INTO RENEWABLE ENERGY HANDS - REUTERS
Liquefied natural gas (LNG) and thermal coal prices in Asia have been roaring ahead in recent months amid strong demand, but while welcome news for ...
Friday, 11 June 21
5 REASONS GLOBAL SHIPPING COSTS WILL CONTINUE TO RISE - ING
No short-term relief
Shipping costs have been growing strongly since the autumn of 2020, but the first months of this year have seen a new surg ...
Friday, 11 June 21
ASIA COAL PRICES SURGE, BUT CHINA-AUSTRALIA DISPUTE MEANS RALLY IS UNEVEN - REUTERS
Thermal coal prices across Asia have surged to multi-year highs amid strong demand and some supply constraints, but some types of the fuel have don ...
Thursday, 10 June 21
INDONESIA COAL EARNINGS RECOVERY TO SLOW AFTER STRONG 1Q - FITCH RATINGS
Fitch Ratings expects the recovery in operating and financial performance of Indonesian coal miners and coal contractors to slow during rest of 202 ...
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- Kideco Jaya Agung - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Mercator Lines Limited - India
- Sree Jayajothi Cements Limited - India
- Maheswari Brothers Coal Limited - India
- OPG Power Generation Pvt Ltd - India
- ASAPP Information Group - India
- Meenaskhi Energy Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Indian Oil Corporation Limited
- LBH Netherlands Bv - Netherlands
- Africa Commodities Group - South Africa
- Ministry of Mines - Canada
- Planning Commission, India
- Sical Logistics Limited - India
- McConnell Dowell - Australia
- Barasentosa Lestari - Indonesia
- Energy Development Corp, Philippines
- Carbofer General Trading SA - India
- Indogreen Group - Indonesia
- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
- Chamber of Mines of South Africa
- Billiton Holdings Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Sakthi Sugars Limited - India
- Mjunction Services Limited - India
- Indo Tambangraya Megah - Indonesia
- Coal and Oil Company - UAE
- Independent Power Producers Association of India
- Madhucon Powers Ltd - India
- Standard Chartered Bank - UAE
- Kepco SPC Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Toyota Tsusho Corporation, Japan
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- Semirara Mining Corp, Philippines
- IHS Mccloskey Coal Group - USA
- SMG Consultants - Indonesia
- Star Paper Mills Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Port Waratah Coal Services - Australia
- Bhoruka Overseas - Indonesia
- San Jose City I Power Corp, Philippines
- Central Java Power - Indonesia
- Petron Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Indonesian Coal Mining Association
- Formosa Plastics Group - Taiwan
- Manunggal Multi Energi - Indonesia
- Medco Energi Mining Internasional
- Gujarat Mineral Development Corp Ltd - India
- GAC Shipping (India) Pvt Ltd
- Mercuria Energy - Indonesia
- Bangladesh Power Developement Board
- Siam City Cement - Thailand
- Metalloyd Limited - United Kingdom
- TeaM Sual Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Romanian Commodities Exchange
- Pendopo Energi Batubara - Indonesia
- Bharathi Cement Corporation - India
- Gujarat Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Heidelberg Cement - Germany
- The State Trading Corporation of India Ltd
- Eastern Coal Council - USA
- Krishnapatnam Port Company Ltd. - India
- PNOC Exploration Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Lanco Infratech Ltd - India
- Marubeni Corporation - India
- Videocon Industries ltd - India
- Parry Sugars Refinery, India
- Global Green Power PLC Corporation, Philippines
- Electricity Generating Authority of Thailand
- GN Power Mariveles Coal Plant, Philippines
- Sindya Power Generating Company Private Ltd
- MS Steel International - UAE
- Altura Mining Limited, Indonesia
- Wood Mackenzie - Singapore
- Merrill Lynch Commodities Europe
- Coastal Gujarat Power Limited - India
- Karaikal Port Pvt Ltd - India
- Ministry of Finance - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Vizag Seaport Private Limited - India
- Power Finance Corporation Ltd., India
- Baramulti Group, Indonesia
- CIMB Investment Bank - Malaysia
- Gujarat Sidhee Cement - India
- Tata Chemicals Ltd - India
- Aboitiz Power Corporation - Philippines
- Australian Coal Association
- Bukit Makmur.PT - Indonesia
- Simpson Spence & Young - Indonesia
- GVK Power & Infra Limited - India
- Posco Energy - South Korea
- Meralco Power Generation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- The Treasury - Australian Government
- Semirara Mining and Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Banpu Public Company Limited - Thailand
- Aditya Birla Group - India
- Alfred C Toepfer International GmbH - Germany
- Sarangani Energy Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Georgia Ports Authority, United States
- Tamil Nadu electricity Board
- Malabar Cements Ltd - India
- Sojitz Corporation - Japan
- Xindia Steels Limited - India
- Bhushan Steel Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Electricity Authority - India
- Deloitte Consulting - India
- Chettinad Cement Corporation Ltd - India
- Timah Investasi Mineral - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Eastern Energy - Thailand
- Orica Mining Services - Indonesia
- Economic Council, Georgia
- Attock Cement Pakistan Limited
- Larsen & Toubro Limited - India
- Parliament of New Zealand
- Kalimantan Lumbung Energi - Indonesia
- London Commodity Brokers - England
- Ambuja Cements Ltd - India
- Orica Australia Pty. Ltd.
- Salva Resources Pvt Ltd - India
- Australian Commodity Traders Exchange
- Mintek Dendrill Indonesia
- New Zealand Coal & Carbon
- Bukit Asam (Persero) Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Ceylon Electricity Board - Sri Lanka
- Cement Manufacturers Association - India
- Ministry of Transport, Egypt
- Indian Energy Exchange, India
- Antam Resourcindo - Indonesia
- Anglo American - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Intertek Mineral Services - Indonesia
- Coalindo Energy - Indonesia
- CNBM International Corporation - China
- VISA Power Limited - India
- Kaltim Prima Coal - Indonesia
- Energy Link Ltd, New Zealand
- Latin American Coal - Colombia
- Holcim Trading Pte Ltd - Singapore
- Sinarmas Energy and Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Vedanta Resources Plc - India
- Agrawal Coal Company - India
- South Luzon Thermal Energy Corporation
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ICICI Bank Limited - India
- India Bulls Power Limited - India
- Riau Bara Harum - Indonesia
- Kumho Petrochemical, South Korea
- Essar Steel Hazira Ltd - India
- Thai Mozambique Logistica
- Savvy Resources Ltd - HongKong
- Minerals Council of Australia
- Uttam Galva Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Oldendorff Carriers - Singapore
- Wilmar Investment Holdings
- PowerSource Philippines DevCo
- Global Business Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Bayan Resources Tbk. - Indonesia
- White Energy Company Limited
- Goldman Sachs - Singapore
- Interocean Group of Companies - India
- Cigading International Bulk Terminal - Indonesia
- Bhatia International Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- International Coal Ventures Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- GMR Energy Limited - India
- Iligan Light & Power Inc, Philippines
- Dalmia Cement Bharat India
- Kartika Selabumi Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Price Waterhouse Coopers - Russia
- Directorate Of Revenue Intelligence - India
- Renaissance Capital - South Africa
- Borneo Indobara - Indonesia
- Indika Energy - Indonesia
- PTC India Limited - India
- Siam City Cement PLC, Thailand
- Commonwealth Bank - Australia
- Thiess Contractors Indonesia
- Electricity Authority, New Zealand
- Samtan Co., Ltd - South Korea
- Global Coal Blending Company Limited - Australia
- Edison Trading Spa - Italy
- Grasim Industreis Ltd - India
- Singapore Mercantile Exchange
- The University of Queensland
- Jaiprakash Power Ventures ltd
- Bulk Trading Sa - Switzerland
- PetroVietnam Power Coal Import and Supply Company
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