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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, 08 January 24
KOSPO TO BUY 80000 MT OF INDONESIAN LOW CALORIFIC VALUE COAL FOR FEB 2024
Korea Southern Power Co., Ltd. (KOSPO), is inviting bids for the supply of Indonesian Low Calorific Value Coal from qualified suppliers for Korean ...
Monday, 08 January 24
SEABORNE TRADE REACHES 12.4BN TONNES - CLARKSONS
China will establish a back-up coal production system by 2027 to stabilise prices and secure coal supply, the state planner said on Wednesday, even ...
Monday, 08 January 24
CAPESIZES START THE NEW YEAR ON POSITIVE NOTE - BALTIC EXCHANGE
Capesize
This week the capsize market has been marked by a mix of activities and challenges. Despite a slow start following the Christmas and N ...
Friday, 05 January 24
MORGAN STANLEY SEES LOWER OIL PRICES IN 2024 ON OVERSUPPLY CONCERNS - REUTERS
Morgan Stanley sees Brent crude prices anchored near $80 per barrel in the first half in 2024 before declining towards the end of the year as it ex ...
Friday, 05 January 24
INDIA'S COAL OUTPUT RISES NEARLY 11 PC IN DEC TO 92.87 MT - PTI
India’s coal production increased by 10.75 per cent to 92.87 million tonne in December 2023 as compared to the year-ago period, an official s ...
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- Cigading International Bulk Terminal - Indonesia
- Baramulti Group, Indonesia
- Global Green Power PLC Corporation, Philippines
- Mercuria Energy - Indonesia
- Star Paper Mills Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- Romanian Commodities Exchange
- PowerSource Philippines DevCo
- Salva Resources Pvt Ltd - India
- Energy Development Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Vedanta Resources Plc - India
- Indian Oil Corporation Limited
- White Energy Company Limited
- Simpson Spence & Young - Indonesia
- Price Waterhouse Coopers - Russia
- IEA Clean Coal Centre - UK
- TNB Fuel Sdn Bhd - Malaysia
- Malabar Cements Ltd - India
- ICICI Bank Limited - India
- Planning Commission, India
- Vijayanagar Sugar Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Samtan Co., Ltd - South Korea
- Kartika Selabumi Mining - Indonesia
- New Zealand Coal & Carbon
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karbindo Abesyapradhi - Indoneisa
- London Commodity Brokers - England
- Kapuas Tunggal Persada - Indonesia
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- Lanco Infratech Ltd - India
- Independent Power Producers Association of India
- Minerals Council of Australia
- Carbofer General Trading SA - India
- Central Java Power - Indonesia
- Meenaskhi Energy Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhushan Steel Limited - India
- Coalindo Energy - Indonesia
- Australian Coal Association
- Ministry of Transport, Egypt
- Orica Australia Pty. Ltd.
- Kobexindo Tractors - Indoneisa
- IHS Mccloskey Coal Group - USA
- Anglo American - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Authority, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Globalindo Alam Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Electricity Generating Authority of Thailand
- Sical Logistics Limited - India
- Merrill Lynch Commodities Europe
- Petron Corporation, Philippines
- Singapore Mercantile Exchange
- Bhatia International Limited - India
- Semirara Mining Corp, Philippines
- The University of Queensland
- Grasim Industreis Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- Aditya Birla Group - India
- Bulk Trading Sa - Switzerland
- Bukit Makmur.PT - Indonesia
- Commonwealth Bank - Australia
- Goldman Sachs - Singapore
- Indian Energy Exchange, India
- Chamber of Mines of South Africa
- Holcim Trading Pte Ltd - Singapore
- Uttam Galva Steels Limited - India
- Deloitte Consulting - India
- Wood Mackenzie - Singapore
- Power Finance Corporation Ltd., India
- SN Aboitiz Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- International Coal Ventures Pvt Ltd - India
- GMR Energy Limited - India
- India Bulls Power Limited - India
- Ministry of Finance - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Coastal Gujarat Power Limited - India
- Agrawal Coal Company - India
- Bukit Asam (Persero) Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Kaltim Prima Coal - Indonesia
- Antam Resourcindo - Indonesia
- MS Steel International - UAE
- European Bulk Services B.V. - Netherlands
- Vizag Seaport Private Limited - India
- VISA Power Limited - India
- Coal and Oil Company - UAE
- Billiton Holdings Pty Ltd - Australia
- Medco Energi Mining Internasional
- Ceylon Electricity Board - Sri Lanka
- Gujarat Sidhee Cement - India
- Gujarat Mineral Development Corp Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Jaiprakash Power Ventures ltd
- CIMB Investment Bank - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Economic Council, Georgia
- Sarangani Energy Corporation, Philippines
- Mintek Dendrill Indonesia
- Riau Bara Harum - Indonesia
- Indo Tambangraya Megah - Indonesia
- Karaikal Port Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Posco Energy - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Chettinad Cement Corporation Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Videocon Industries ltd - India
- Marubeni Corporation - India
- Australian Commodity Traders Exchange
- Heidelberg Cement - Germany
- Rio Tinto Coal - Australia
- Maheswari Brothers Coal Limited - India
- Eastern Coal Council - USA
- Savvy Resources Ltd - HongKong
- TeaM Sual Corporation - Philippines
- Energy Link Ltd, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Thiess Contractors Indonesia
- Siam City Cement PLC, Thailand
- Global Coal Blending Company Limited - Australia
- Madhucon Powers Ltd - India
- Georgia Ports Authority, United States
- Mjunction Services Limited - India
- AsiaOL BioFuels Corp., Philippines
- Ministry of Mines - Canada
- Metalloyd Limited - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Edison Trading Spa - Italy
- Trasteel International SA, Italy
- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Eastern Energy - Thailand
- Larsen & Toubro Limited - India
- Sree Jayajothi Cements Limited - India
- Aboitiz Power Corporation - Philippines
- Mercator Lines Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Indonesian Coal Mining Association
- Barasentosa Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Global Business Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Bayan Resources Tbk. - Indonesia
- Borneo Indobara - Indonesia
- Indogreen Group - Indonesia
- PTC India Limited - India
- Therma Luzon, Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Sinarmas Energy and Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- South Luzon Thermal Energy Corporation
- Parliament of New Zealand
- McConnell Dowell - Australia
- Attock Cement Pakistan Limited
- Sindya Power Generating Company Private Ltd
- Sakthi Sugars Limited - India
- ASAPP Information Group - India
- SMC Global Power, Philippines
- Formosa Plastics Group - Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- SMG Consultants - Indonesia
- Iligan Light & Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Sojitz Corporation - Japan
- Semirara Mining and Power Corporation, Philippines
- Cement Manufacturers Association - India
- Jindal Steel & Power Ltd - India
- Parry Sugars Refinery, India
- Indika Energy - Indonesia
- The State Trading Corporation of India Ltd
- Wilmar Investment Holdings
- Oldendorff Carriers - Singapore
- LBH Netherlands Bv - Netherlands
- Ambuja Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Bangladesh Power Developement Board
- Directorate Of Revenue Intelligence - India
- The Treasury - Australian Government
- Kepco SPC Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Altura Mining Limited, Indonesia
- Xindia Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Latin American Coal - Colombia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Banpu Public Company Limited - Thailand
- Thai Mozambique Logistica
- Meralco Power Generation, Philippines
- Makarim & Taira - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- Renaissance Capital - South Africa
- Siam City Cement - Thailand
- GVK Power & Infra Limited - India
- Essar Steel Hazira Ltd - India
- Dalmia Cement Bharat India
- Central Electricity Authority - India
- San Jose City I Power Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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