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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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Wednesday, 03 February 21
MARKET INSIGHT - INTERMODAL
"2020 the year from hell for the entire world, had everything for shipowners. The introduction of the sulphur cap and VLSFO, a Pandemic outbre ...
Tuesday, 02 February 21
WILL THE ELECTRONIC B/L BE FULLY IMPLEMENTED? FIVE POINTS TO CONSIDER - MOL
KNOWLEDGE TO ELEVATE
The trend towards digitization of Bills of Lading (B/L) has begun to attract attention in the trade and shipping industrie ...
Monday, 01 February 21
A 56,000-DWT OPEN MANILA WAS FIXED FOR A TRIP VIA INDONESIA REDELIVERY CHINA AT $11,500 - THE BALTIC BRIEFING
Capesize
The Capesize routes endured a week of slippage on rates, bringing the market back down to levels seen at the beginning of the month. D ...
Monday, 01 February 21
PAKISTAN: COAL DEMAND EXPECTED TO SPIKE IN 2021 - DAWN
Coal demand is expected to remain upbeat in 2021 as more coal-fired and captive power plants are coming up in the current year.
Acco ...
Friday, 29 January 21
COAL EXPORTS FROM AUSTRALIA TO MAINLAND CHINA DECLINED BY -22.2% Y-O-Y IN 2020 - BANCHERO COSTA
In the 12 months of 2020, global seaborne coal trade declined by as much as -12.7% year-on-year, according to vessel tracking data from Refinitiv, ...
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- Romanian Commodities Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement PLC, Thailand
- Oldendorff Carriers - Singapore
- PowerSource Philippines DevCo
- Ceylon Electricity Board - Sri Lanka
- Directorate General of MIneral and Coal - Indonesia
- Georgia Ports Authority, United States
- PetroVietnam Power Coal Import and Supply Company
- Pendopo Energi Batubara - Indonesia
- European Bulk Services B.V. - Netherlands
- Chamber of Mines of South Africa
- PTC India Limited - India
- Orica Mining Services - Indonesia
- Minerals Council of Australia
- New Zealand Coal & Carbon
- Videocon Industries ltd - India
- Thai Mozambique Logistica
- Pipit Mutiara Jaya. PT, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ICICI Bank Limited - India
- Sree Jayajothi Cements Limited - India
- Petron Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Interocean Group of Companies - India
- Vijayanagar Sugar Pvt Ltd - India
- Attock Cement Pakistan Limited
- Asmin Koalindo Tuhup - Indonesia
- Banpu Public Company Limited - Thailand
- Parliament of New Zealand
- Independent Power Producers Association of India
- Riau Bara Harum - Indonesia
- Latin American Coal - Colombia
- Lanco Infratech Ltd - India
- Posco Energy - South Korea
- Baramulti Group, Indonesia
- Miang Besar Coal Terminal - Indonesia
- MS Steel International - UAE
- Bhoruka Overseas - Indonesia
- Global Business Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Medco Energi Mining Internasional
- Edison Trading Spa - Italy
- Madhucon Powers Ltd - India
- Malabar Cements Ltd - India
- Indogreen Group - Indonesia
- SMG Consultants - Indonesia
- Savvy Resources Ltd - HongKong
- Essar Steel Hazira Ltd - India
- Parry Sugars Refinery, India
- Xindia Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Antam Resourcindo - Indonesia
- CNBM International Corporation - China
- Heidelberg Cement - Germany
- Kepco SPC Power Corporation, Philippines
- Australian Commodity Traders Exchange
- CIMB Investment Bank - Malaysia
- Mjunction Services Limited - India
- The State Trading Corporation of India Ltd
- Petrochimia International Co. Ltd.- Taiwan
- IHS Mccloskey Coal Group - USA
- Kobexindo Tractors - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Bangladesh Power Developement Board
- Bayan Resources Tbk. - Indonesia
- Metalloyd Limited - United Kingdom
- Anglo American - United Kingdom
- Aditya Birla Group - India
- Therma Luzon, Inc, Philippines
- Coalindo Energy - Indonesia
- Siam City Cement - Thailand
- Kideco Jaya Agung - Indonesia
- Formosa Plastics Group - Taiwan
- White Energy Company Limited
- Ind-Barath Power Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Bhatia International Limited - India
- Ministry of Transport, Egypt
- South Luzon Thermal Energy Corporation
- Sakthi Sugars Limited - India
- Aboitiz Power Corporation - Philippines
- Marubeni Corporation - India
- Mintek Dendrill Indonesia
- VISA Power Limited - India
- Kumho Petrochemical, South Korea
- Energy Link Ltd, New Zealand
- Larsen & Toubro Limited - India
- Eastern Coal Council - USA
- Economic Council, Georgia
- Sindya Power Generating Company Private Ltd
- Sarangani Energy Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Deloitte Consulting - India
- Energy Development Corp, Philippines
- SMC Global Power, Philippines
- Jaiprakash Power Ventures ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- McConnell Dowell - Australia
- Australian Coal Association
- Tata Chemicals Ltd - India
- Orica Australia Pty. Ltd.
- Borneo Indobara - Indonesia
- Global Green Power PLC Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- Trasteel International SA, Italy
- PNOC Exploration Corporation - Philippines
- Ministry of Mines - Canada
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Uttam Galva Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Standard Chartered Bank - UAE
- Africa Commodities Group - South Africa
- Mercuria Energy - Indonesia
- Singapore Mercantile Exchange
- TeaM Sual Corporation - Philippines
- ASAPP Information Group - India
- Semirara Mining and Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
- The Treasury - Australian Government
- Electricity Authority, New Zealand
- Sojitz Corporation - Japan
- Wilmar Investment Holdings
- TNB Fuel Sdn Bhd - Malaysia
- LBH Netherlands Bv - Netherlands
- Coal and Oil Company - UAE
- Alfred C Toepfer International GmbH - Germany
- GMR Energy Limited - India
- Electricity Generating Authority of Thailand
- Commonwealth Bank - Australia
- Coastal Gujarat Power Limited - India
- Carbofer General Trading SA - India
- Toyota Tsusho Corporation, Japan
- Goldman Sachs - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Renaissance Capital - South Africa
- Port Waratah Coal Services - Australia
- Dalmia Cement Bharat India
- Indo Tambangraya Megah - Indonesia
- Gujarat Sidhee Cement - India
- Ambuja Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- Central Electricity Authority - India
- Holcim Trading Pte Ltd - Singapore
- Altura Mining Limited, Indonesia
- Ministry of Finance - Indonesia
- Thiess Contractors Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Barasentosa Lestari - Indonesia
- The University of Queensland
- Cigading International Bulk Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Rio Tinto Coal - Australia
- Bukit Makmur.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Karaikal Port Pvt Ltd - India
- Indonesian Coal Mining Association
- IEA Clean Coal Centre - UK
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining Corp, Philippines
- San Jose City I Power Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Makarim & Taira - Indonesia
- Meralco Power Generation, Philippines
- Indika Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Kapuas Tunggal Persada - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Oil Corporation Limited
- GVK Power & Infra Limited - India
- Price Waterhouse Coopers - Russia
- Directorate Of Revenue Intelligence - India
- Simpson Spence & Young - Indonesia
- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
- Tamil Nadu electricity Board
- Chettinad Cement Corporation Ltd - India
- Bhushan Steel Limited - India
- Central Java Power - Indonesia
- Intertek Mineral Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Planning Commission, India
- Krishnapatnam Port Company Ltd. - India
- Billiton Holdings Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Agrawal Coal Company - India
- Cement Manufacturers Association - India
- Bharathi Cement Corporation - India
- Gujarat Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- OPG Power Generation Pvt Ltd - India
- Indian Energy Exchange, India
- Manunggal Multi Energi - Indonesia
- India Bulls Power Limited - India
- Power Finance Corporation Ltd., India
- Straits Asia Resources Limited - Singapore
- Bulk Trading Sa - Switzerland
- Binh Thuan Hamico - Vietnam
- Star Paper Mills Limited - India
- Maheswari Brothers Coal Limited - India
- Kartika Selabumi Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Vizag Seaport Private Limited - India
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- Merrill Lynch Commodities Europe
- Grasim Industreis Ltd - India
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