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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, 04 June 20
DON'T FORGET THE REAL PURPOSE OF RISK ASSESSMENTS - GARD
KNOWLEDGE TO ELEVATE
When doing a risk assessment, we often overcomplicate it and forget its real purpose.
Rather than ensuring that crew ...
Wednesday, 03 June 20
MARKET INSIGHT - INTERMODAL
Once again shipping is about to venture into uncharted waters and before the challenges of the past decade are forgotten, shipowners will have to o ...
Tuesday, 02 June 20
KOSPO LOOKING FOR 80000 MT OF 4200 NCV COAL FOR JULY
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an International tender for 80,000 Metric Tons (MT) 4200 NCV coal for 12 - 21, July ...
Tuesday, 02 June 20
INDONESIAN COAL MINER BUMI RESOURCES Q1 OUTPUT UP 5% - REUTERS
Indonesia’s largest coal miner Bumi Resources posted a 5% increase in first-quarter output at 20.8 million tonnes, the company said in a stat ...
Tuesday, 02 June 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.86 PCT - XINHUA
China Taiyuan coal transaction price index stood at 123.95 points Monday, down 0.86 percent week on week.
The index, released by Chi ...
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- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- Anglo American - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indika Energy - Indonesia
- Independent Power Producers Association of India
- Bukit Asam (Persero) Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Energy Link Ltd, New Zealand
- Lanco Infratech Ltd - India
- Xindia Steels Limited - India
- Eastern Energy - Thailand
- Mercuria Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bukit Makmur.PT - Indonesia
- Bhushan Steel Limited - India
- Parliament of New Zealand
- Indian Oil Corporation Limited
- Indian Energy Exchange, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Thai Mozambique Logistica
- PowerSource Philippines DevCo
- India Bulls Power Limited - India
- Goldman Sachs - Singapore
- Energy Development Corp, Philippines
- London Commodity Brokers - England
- Kideco Jaya Agung - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Economic Council, Georgia
- Kaltim Prima Coal - Indonesia
- Coal and Oil Company - UAE
- Global Business Power Corporation, Philippines
- New Zealand Coal & Carbon
- Straits Asia Resources Limited - Singapore
- Mercator Lines Limited - India
- Aboitiz Power Corporation - Philippines
- IEA Clean Coal Centre - UK
- LBH Netherlands Bv - Netherlands
- Samtan Co., Ltd - South Korea
- Sindya Power Generating Company Private Ltd
- Malabar Cements Ltd - India
- Tata Chemicals Ltd - India
- Iligan Light & Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Singapore Mercantile Exchange
- ASAPP Information Group - India
- Commonwealth Bank - Australia
- Grasim Industreis Ltd - India
- The University of Queensland
- TNB Fuel Sdn Bhd - Malaysia
- Wood Mackenzie - Singapore
- Standard Chartered Bank - UAE
- Sical Logistics Limited - India
- Bangladesh Power Developement Board
- Siam City Cement - Thailand
- Agrawal Coal Company - India
- Ministry of Mines - Canada
- Australian Coal Association
- Metalloyd Limited - United Kingdom
- Jindal Steel & Power Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Bulk Trading Sa - Switzerland
- Romanian Commodities Exchange
- Directorate General of MIneral and Coal - Indonesia
- Mintek Dendrill Indonesia
- MS Steel International - UAE
- Edison Trading Spa - Italy
- VISA Power Limited - India
- Siam City Cement PLC, Thailand
- Port Waratah Coal Services - Australia
- Altura Mining Limited, Indonesia
- South Luzon Thermal Energy Corporation
- Borneo Indobara - Indonesia
- Banpu Public Company Limited - Thailand
- Essar Steel Hazira Ltd - India
- Riau Bara Harum - Indonesia
- Madhucon Powers Ltd - India
- Meralco Power Generation, Philippines
- Star Paper Mills Limited - India
- McConnell Dowell - Australia
- Posco Energy - South Korea
- Krishnapatnam Port Company Ltd. - India
- Renaissance Capital - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Deloitte Consulting - India
- Bhoruka Overseas - Indonesia
- European Bulk Services B.V. - Netherlands
- GAC Shipping (India) Pvt Ltd
- Globalindo Alam Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Australia Pty. Ltd.
- Wilmar Investment Holdings
- Karbindo Abesyapradhi - Indoneisa
- Africa Commodities Group - South Africa
- Karaikal Port Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Gujarat Sidhee Cement - India
- The State Trading Corporation of India Ltd
- Simpson Spence & Young - Indonesia
- Mjunction Services Limited - India
- GMR Energy Limited - India
- Coalindo Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Kumho Petrochemical, South Korea
- Therma Luzon, Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Electricity Authority, New Zealand
- Australian Commodity Traders Exchange
- Kohat Cement Company Ltd. - Pakistan
- Global Coal Blending Company Limited - Australia
- San Jose City I Power Corp, Philippines
- Attock Cement Pakistan Limited
- Cement Manufacturers Association - India
- Kapuas Tunggal Persada - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- SMG Consultants - Indonesia
- Medco Energi Mining Internasional
- Coastal Gujarat Power Limited - India
- Sojitz Corporation - Japan
- Semirara Mining Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Eastern Coal Council - USA
- Alfred C Toepfer International GmbH - Germany
- GVK Power & Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Rio Tinto Coal - Australia
- Maheswari Brothers Coal Limited - India
- Bharathi Cement Corporation - India
- White Energy Company Limited
- Larsen & Toubro Limited - India
- Marubeni Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Bhatia International Limited - India
- Indonesian Coal Mining Association
- CIMB Investment Bank - Malaysia
- Tamil Nadu electricity Board
- Chettinad Cement Corporation Ltd - India
- Chamber of Mines of South Africa
- Vedanta Resources Plc - India
- Ministry of Finance - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Central Java Power - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Price Waterhouse Coopers - Russia
- PTC India Limited - India
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- SMC Global Power, Philippines
- Merrill Lynch Commodities Europe
- Maharashtra Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- OPG Power Generation Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Formosa Plastics Group - Taiwan
- Heidelberg Cement - Germany
- Antam Resourcindo - Indonesia
- International Coal Ventures Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Orica Mining Services - Indonesia
- Indogreen Group - Indonesia
- Makarim & Taira - Indonesia
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Latin American Coal - Colombia
- Ministry of Transport, Egypt
- Oldendorff Carriers - Singapore
- Georgia Ports Authority, United States
- The Treasury - Australian Government
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Savvy Resources Ltd - HongKong
- Interocean Group of Companies - India
- Kartika Selabumi Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Thiess Contractors Indonesia
- Bukit Baiduri Energy - Indonesia
- Parry Sugars Refinery, India
- Carbofer General Trading SA - India
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- Sarangani Energy Corporation, Philippines
- Uttam Galva Steels Limited - India
- Petron Corporation, Philippines
- Dalmia Cement Bharat India
- SN Aboitiz Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Planning Commission, India
- Vizag Seaport Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Minerals Council of Australia
- Sakthi Sugars Limited - India
- Gujarat Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GN Power Mariveles Coal Plant, Philippines
- Ambuja Cements Ltd - India
- Trasteel International SA, Italy
- Cigading International Bulk Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Aditya Birla Group - India
- Ceylon Electricity Board - Sri Lanka
- PNOC Exploration Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Bayan Resources Tbk. - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
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