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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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Friday, 02 August 24
COAL MARKET DEVELOPMENTS: FALLING PRICES AMID RECORD-HIGH OUTPUT - WORLD BANK
Coal prices inched up in May (m/m) following an 8 percent decline in 2024Q1. The Australian and South African benchmarks have plummeted more ...
Friday, 26 July 24
FUELEU MARITME IS COMING. IS YOUR CHARTERPARTY READY? - GARD
With less than six months to implementation of FuelEU Maritime in EU and EEA trades, there has been little published advice regarding how to alloca ...
Thursday, 04 July 24
INDIA'S COAL PRODUCTION RISES 14% IN JUNE - PTI
The country’s coal production rose by 14.49% to 84.63 million tonne (MT) in June. The country’s coal output was 73.92 MT in June last f ...
Tuesday, 02 July 24
NTPC CAPTIVE COAL OUTPUT GROWS 15% IN Q1; DESPATCH RISES 17%
State-owned NTPC on Monday reported a 15 per cent year-on-year increase in the production of coal from captives mines to 9.862 metric million tonne ...
Friday, 28 June 24
KOSPO INVITED BIDS FOR 400,000 MT OF MINIMUM 4000 NCV COAL FOR FIVE YEARS
Korea Southern Power Co., Ltd. (KOSPO), is inviting bids for total 400,000 MT of Low Calorific Value Coal for 5 years starting from July 2024 until ...
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- The State Trading Corporation of India Ltd
- Videocon Industries ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Electricity Authority - India
- Renaissance Capital - South Africa
- Planning Commission, India
- Maheswari Brothers Coal Limited - India
- Indian Oil Corporation Limited
- Indo Tambangraya Megah - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bangladesh Power Developement Board
- SMC Global Power, Philippines
- Energy Link Ltd, New Zealand
- Edison Trading Spa - Italy
- Posco Energy - South Korea
- Ceylon Electricity Board - Sri Lanka
- Singapore Mercantile Exchange
- Kalimantan Lumbung Energi - Indonesia
- Australian Commodity Traders Exchange
- Sical Logistics Limited - India
- Bhoruka Overseas - Indonesia
- Indonesian Coal Mining Association
- Neyveli Lignite Corporation Ltd, - India
- International Coal Ventures Pvt Ltd - India
- Independent Power Producers Association of India
- Holcim Trading Pte Ltd - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Economic Council, Georgia
- Gujarat Sidhee Cement - India
- San Jose City I Power Corp, Philippines
- Trasteel International SA, Italy
- ICICI Bank Limited - India
- Marubeni Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Riau Bara Harum - Indonesia
- Globalindo Alam Lestari - Indonesia
- Mjunction Services Limited - India
- Orica Mining Services - Indonesia
- Vizag Seaport Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Bharathi Cement Corporation - India
- Coalindo Energy - Indonesia
- Ministry of Transport, Egypt
- Essar Steel Hazira Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Uttam Galva Steels Limited - India
- Therma Luzon, Inc, Philippines
- Siam City Cement PLC, Thailand
- Jindal Steel & Power Ltd - India
- Star Paper Mills Limited - India
- Mercator Lines Limited - India
- Lanco Infratech Ltd - India
- India Bulls Power Limited - India
- Metalloyd Limited - United Kingdom
- Interocean Group of Companies - India
- Eastern Coal Council - USA
- Larsen & Toubro Limited - India
- Carbofer General Trading SA - India
- GN Power Mariveles Coal Plant, Philippines
- Jaiprakash Power Ventures ltd
- Global Coal Blending Company Limited - Australia
- Medco Energi Mining Internasional
- Miang Besar Coal Terminal - Indonesia
- Grasim Industreis Ltd - India
- Kepco SPC Power Corporation, Philippines
- Parliament of New Zealand
- London Commodity Brokers - England
- Mercuria Energy - Indonesia
- Semirara Mining Corp, Philippines
- Georgia Ports Authority, United States
- Port Waratah Coal Services - Australia
- CNBM International Corporation - China
- Bukit Makmur.PT - Indonesia
- Indian Energy Exchange, India
- PowerSource Philippines DevCo
- Minerals Council of Australia
- Orica Australia Pty. Ltd.
- Thiess Contractors Indonesia
- Toyota Tsusho Corporation, Japan
- Eastern Energy - Thailand
- GVK Power & Infra Limited - India
- Agrawal Coal Company - India
- Central Java Power - Indonesia
- MS Steel International - UAE
- South Luzon Thermal Energy Corporation
- GAC Shipping (India) Pvt Ltd
- Coal and Oil Company - UAE
- Borneo Indobara - Indonesia
- White Energy Company Limited
- Straits Asia Resources Limited - Singapore
- Africa Commodities Group - South Africa
- Meralco Power Generation, Philippines
- Chettinad Cement Corporation Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- VISA Power Limited - India
- IHS Mccloskey Coal Group - USA
- Kideco Jaya Agung - Indonesia
- Sojitz Corporation - Japan
- Tamil Nadu electricity Board
- Sakthi Sugars Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Sarangani Energy Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Madhucon Powers Ltd - India
- Banpu Public Company Limited - Thailand
- Latin American Coal - Colombia
- New Zealand Coal & Carbon
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Global Business Power Corporation, Philippines
- Petron Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Baramulti Group, Indonesia
- Makarim & Taira - Indonesia
- Vedanta Resources Plc - India
- Global Green Power PLC Corporation, Philippines
- Intertek Mineral Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Indogreen Group - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Malabar Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Sindya Power Generating Company Private Ltd
- Energy Development Corp, Philippines
- McConnell Dowell - Australia
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Bhushan Steel Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Power Finance Corporation Ltd., India
- PTC India Limited - India
- Kaltim Prima Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Barasentosa Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Ministry of Mines - Canada
- Asmin Koalindo Tuhup - Indonesia
- LBH Netherlands Bv - Netherlands
- Ambuja Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Indika Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Anglo American - United Kingdom
- Deloitte Consulting - India
- CIMB Investment Bank - Malaysia
- The University of Queensland
- Ind-Barath Power Infra Limited - India
- ASAPP Information Group - India
- Bayan Resources Tbk. - Indonesia
- Price Waterhouse Coopers - Russia
- Savvy Resources Ltd - HongKong
- GMR Energy Limited - India
- Australian Coal Association
- Gujarat Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- Tata Chemicals Ltd - India
- SMG Consultants - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Commonwealth Bank - Australia
- Salva Resources Pvt Ltd - India
- Goldman Sachs - Singapore
- Rashtriya Ispat Nigam Limited - India
- Simpson Spence & Young - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Iligan Light & Power Inc, Philippines
- Attock Cement Pakistan Limited
- Wilmar Investment Holdings
- European Bulk Services B.V. - Netherlands
- Wood Mackenzie - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bulk Trading Sa - Switzerland
- Antam Resourcindo - Indonesia
- Ministry of Finance - Indonesia
- Electricity Authority, New Zealand
- Merrill Lynch Commodities Europe
- The Treasury - Australian Government
- Siam City Cement - Thailand
- Coastal Gujarat Power Limited - India
- Thai Mozambique Logistica
- Dalmia Cement Bharat India
- TeaM Sual Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kartika Selabumi Mining - Indonesia
- Standard Chartered Bank - UAE
- Billiton Holdings Pty Ltd - Australia
- Aditya Birla Group - India
- Electricity Generating Authority of Thailand
- Bhatia International Limited - India
- Xindia Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Binh Thuan Hamico - Vietnam
- Altura Mining Limited, Indonesia
- Mintek Dendrill Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Chamber of Mines of South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- IEA Clean Coal Centre - UK
- Meenaskhi Energy Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Heidelberg Cement - Germany
- Karbindo Abesyapradhi - Indoneisa
- Romanian Commodities Exchange
- Kapuas Tunggal Persada - Indonesia
- Karaikal Port Pvt Ltd - India
- Formosa Plastics Group - Taiwan
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