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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, 24 August 20
A COMBINATION OF DEVELOPMENTS DROVE THE FALLOFF COAL PRICES - CHIEF ECONOMIST’ OFFICE, AUSTRALIA
China, rising domestic production combined with subdued power demand;
India, a lockdown coupled with government directives that fav ...
Monday, 24 August 20
AUSTRALIA'S THERMAL COAL EXPORTS ARE FORECAST TO DROP FROM AN ESTIMATED $20 BILLION IN 2019-20 TO $16 BILLION IN 2020-21: REPORT
Thermal coal spot prices have fallen sharply as the impact of COVID-19 drives a contraction in seaborne trade for only the second time this century ...
Saturday, 22 August 20
REPORT SEES INDIA’S RELIANCE ON THERMAL POWER DROPPING TO 50% IN 2021, 43% IN 2026 - ET ENERGY | IEEFA
India’s dependence on thermal power will reduce to 50 per cent by 2021-22 and 43 per cent by 2026-27 on the back of renewable energy (RE) cap ...
Friday, 21 August 20
323 MILLION ELECTRIC VEHICLES WILL BE ON THE ROADS BY 2040 - WOOD MACKENZIE
Electric vehicle (EV) sales are expected to reach 45 million units per year by 2040, with a total global EV stock of 323 million, according to new ...
Friday, 21 August 20
BHP COMMITS TO SELLING ITS THERMAL COALMINES WITHIN TWO YEARS - THE GUARDIAN
Move follows pressure from investors but company stops short of full exit from coalmining
BHP has announced it plans to sell off its ...
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- Thiess Contractors Indonesia
- IEA Clean Coal Centre - UK
- Neyveli Lignite Corporation Ltd, - India
- White Energy Company Limited
- MS Steel International - UAE
- European Bulk Services B.V. - Netherlands
- Indo Tambangraya Megah - Indonesia
- International Coal Ventures Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Eastern Energy - Thailand
- Siam City Cement PLC, Thailand
- Essar Steel Hazira Ltd - India
- Electricity Authority, New Zealand
- Siam City Cement - Thailand
- Rio Tinto Coal - Australia
- Kobexindo Tractors - Indoneisa
- Simpson Spence & Young - Indonesia
- Mercator Lines Limited - India
- Ind-Barath Power Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Global Business Power Corporation, Philippines
- Central Electricity Authority - India
- Africa Commodities Group - South Africa
- Australian Coal Association
- SN Aboitiz Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Therma Luzon, Inc, Philippines
- Wood Mackenzie - Singapore
- South Luzon Thermal Energy Corporation
- Sarangani Energy Corporation, Philippines
- Carbofer General Trading SA - India
- Aboitiz Power Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Cigading International Bulk Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Energy Development Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Salva Resources Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Grasim Industreis Ltd - India
- Wilmar Investment Holdings
- Madhucon Powers Ltd - India
- Kepco SPC Power Corporation, Philippines
- Ministry of Transport, Egypt
- CNBM International Corporation - China
- Miang Besar Coal Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- Deloitte Consulting - India
- Kaltim Prima Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- McConnell Dowell - Australia
- Gujarat Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Sical Logistics Limited - India
- Vizag Seaport Private Limited - India
- Straits Asia Resources Limited - Singapore
- Trasteel International SA, Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Globalindo Alam Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Directorate Of Revenue Intelligence - India
- Semirara Mining Corp, Philippines
- Indika Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- SMC Global Power, Philippines
- San Jose City I Power Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bukit Makmur.PT - Indonesia
- VISA Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- The State Trading Corporation of India Ltd
- Uttam Galva Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Anglo American - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- PowerSource Philippines DevCo
- Bhushan Steel Limited - India
- Indogreen Group - Indonesia
- GVK Power & Infra Limited - India
- Energy Link Ltd, New Zealand
- Maheswari Brothers Coal Limited - India
- Xindia Steels Limited - India
- Jindal Steel & Power Ltd - India
- Indonesian Coal Mining Association
- ICICI Bank Limited - India
- Riau Bara Harum - Indonesia
- Ministry of Mines - Canada
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- Dalmia Cement Bharat India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thai Mozambique Logistica
- Latin American Coal - Colombia
- Krishnapatnam Port Company Ltd. - India
- Metalloyd Limited - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Commonwealth Bank - Australia
- Videocon Industries ltd - India
- Intertek Mineral Services - Indonesia
- Mjunction Services Limited - India
- Billiton Holdings Pty Ltd - Australia
- Tamil Nadu electricity Board
- Standard Chartered Bank - UAE
- Gujarat Mineral Development Corp Ltd - India
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- India Bulls Power Limited - India
- Barasentosa Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Chamber of Mines of South Africa
- Mintek Dendrill Indonesia
- Eastern Coal Council - USA
- GAC Shipping (India) Pvt Ltd
- Cement Manufacturers Association - India
- Kohat Cement Company Ltd. - Pakistan
- Baramulti Group, Indonesia
- The University of Queensland
- Edison Trading Spa - Italy
- Petrochimia International Co. Ltd.- Taiwan
- Leighton Contractors Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Kartika Selabumi Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Heidelberg Cement - Germany
- Ministry of Finance - Indonesia
- SMG Consultants - Indonesia
- Singapore Mercantile Exchange
- Meralco Power Generation, Philippines
- Bharathi Cement Corporation - India
- Oldendorff Carriers - Singapore
- Minerals Council of Australia
- Agrawal Coal Company - India
- Posco Energy - South Korea
- Port Waratah Coal Services - Australia
- New Zealand Coal & Carbon
- Kideco Jaya Agung - Indonesia
- Romanian Commodities Exchange
- Parry Sugars Refinery, India
- Aditya Birla Group - India
- IHS Mccloskey Coal Group - USA
- Attock Cement Pakistan Limited
- Manunggal Multi Energi - Indonesia
- Sakthi Sugars Limited - India
- Marubeni Corporation - India
- Parliament of New Zealand
- PNOC Exploration Corporation - Philippines
- Bangladesh Power Developement Board
- Malabar Cements Ltd - India
- Vedanta Resources Plc - India
- OPG Power Generation Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Renaissance Capital - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Indian Oil Corporation Limited
- Coal and Oil Company - UAE
- PTC India Limited - India
- Bhatia International Limited - India
- Borneo Indobara - Indonesia
- Karaikal Port Pvt Ltd - India
- Georgia Ports Authority, United States
- Vijayanagar Sugar Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Planning Commission, India
- Goldman Sachs - Singapore
- Lanco Infratech Ltd - India
- Coalindo Energy - Indonesia
- Makarim & Taira - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Petron Corporation, Philippines
- Kumho Petrochemical, South Korea
- LBH Netherlands Bv - Netherlands
- Binh Thuan Hamico - Vietnam
- Formosa Plastics Group - Taiwan
- Ambuja Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Larsen & Toubro Limited - India
- Medco Energi Mining Internasional
- ASAPP Information Group - India
- Australian Commodity Traders Exchange
- Electricity Generating Authority of Thailand
- Sojitz Corporation - Japan
- Bukit Baiduri Energy - Indonesia
- Mercuria Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Central Java Power - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Timah Investasi Mineral - Indoneisa
- Orica Mining Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- Altura Mining Limited, Indonesia
- Tata Chemicals Ltd - India
- Sree Jayajothi Cements Limited - India
- Bhoruka Overseas - Indonesia
- Interocean Group of Companies - India
- TeaM Sual Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- Independent Power Producers Association of India
- GMR Energy Limited - India
- Bulk Trading Sa - Switzerland
- Star Paper Mills Limited - India
- Indian Energy Exchange, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karbindo Abesyapradhi - Indoneisa
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