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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, 20 March 20
VOLATILITY TO INCREASE IN TANKER MARKET FOLLOWING OIL PRICE WAR - DREWRY
Crude oil prices plunged by more than a third in the past week after OPEC+ failed to agree on production cut as demand softened in the aftermath of ...
Friday, 20 March 20
CHINA'S BENCHMARK POWER COAL PRICE DROPS SLIGHTLY - XINHUA
China’s benchmark power coal price dropped slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge ...
Friday, 20 March 20
OIL PRICES COULD FALL BELOW ZERO: ANALYST - FOX BUSINESS
Plunging oil prices could be headed a lot lower – possibly below zero, according to one Wall Street analyst.
West Texas Interm ...
Friday, 20 March 20
84% OF FEBRUARY BUNKER SALES IN SINGAPORE ARE LOW-SULPHUR FUELS - BIMCO
Low-sulphur fuels accounted for 84% of total February sales in Singapore, slightly up from 83% in January. The sale of low-sulphur fuel oil (LSFO) ...
Thursday, 19 March 20
A CRUDE TSUNAMI: UP TO 3 MILLION BPD OF EXTRA OIL CAN HIT THE MARKET FROM APRIL, MORE COMING IN MAY - RYSTAD ENERGY
The extra oil coming into the global market from April will be as much as 3 million barrels per day (bpd), Rystad Energy estimates. Two million bpd ...
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- Jorong Barutama Greston.PT - Indonesia
- Salva Resources Pvt Ltd - India
- McConnell Dowell - Australia
- Sical Logistics Limited - India
- Africa Commodities Group - South Africa
- Global Green Power PLC Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Eastern Coal Council - USA
- Vijayanagar Sugar Pvt Ltd - India
- Minerals Council of Australia
- Agrawal Coal Company - India
- Ind-Barath Power Infra Limited - India
- Electricity Generating Authority of Thailand
- Iligan Light & Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Electricity Authority, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Medco Energi Mining Internasional
- Gujarat Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Videocon Industries ltd - India
- Thiess Contractors Indonesia
- Barasentosa Lestari - Indonesia
- Parliament of New Zealand
- Bhushan Steel Limited - India
- Trasteel International SA, Italy
- Sree Jayajothi Cements Limited - India
- Carbofer General Trading SA - India
- Bhoruka Overseas - Indonesia
- Malabar Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- OPG Power Generation Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- PNOC Exploration Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Bangladesh Power Developement Board
- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
- Siam City Cement - Thailand
- Sindya Power Generating Company Private Ltd
- Kobexindo Tractors - Indoneisa
- Kaltim Prima Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Uttam Galva Steels Limited - India
- Ambuja Cements Ltd - India
- Siam City Cement PLC, Thailand
- Cigading International Bulk Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Metalloyd Limited - United Kingdom
- Port Waratah Coal Services - Australia
- Gujarat Mineral Development Corp Ltd - India
- Lanco Infratech Ltd - India
- Energy Link Ltd, New Zealand
- Posco Energy - South Korea
- The State Trading Corporation of India Ltd
- Kideco Jaya Agung - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Sakthi Sugars Limited - India
- Ceylon Electricity Board - Sri Lanka
- LBH Netherlands Bv - Netherlands
- New Zealand Coal & Carbon
- Orica Australia Pty. Ltd.
- Simpson Spence & Young - Indonesia
- Georgia Ports Authority, United States
- Aditya Birla Group - India
- Chettinad Cement Corporation Ltd - India
- Baramulti Group, Indonesia
- Altura Mining Limited, Indonesia
- Ministry of Finance - Indonesia
- The Treasury - Australian Government
- Marubeni Corporation - India
- Orica Mining Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Mjunction Services Limited - India
- Ministry of Transport, Egypt
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Java Power - Indonesia
- Global Coal Blending Company Limited - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Toyota Tsusho Corporation, Japan
- Kohat Cement Company Ltd. - Pakistan
- Coal and Oil Company - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kumho Petrochemical, South Korea
- Mintek Dendrill Indonesia
- Aboitiz Power Corporation - Philippines
- ASAPP Information Group - India
- SN Aboitiz Power Inc, Philippines
- Commonwealth Bank - Australia
- Straits Asia Resources Limited - Singapore
- Economic Council, Georgia
- Asmin Koalindo Tuhup - Indonesia
- Riau Bara Harum - Indonesia
- Kepco SPC Power Corporation, Philippines
- Parry Sugars Refinery, India
- Chamber of Mines of South Africa
- Merrill Lynch Commodities Europe
- Karaikal Port Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Savvy Resources Ltd - HongKong
- Australian Coal Association
- Xindia Steels Limited - India
- ICICI Bank Limited - India
- GMR Energy Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Central Electricity Authority - India
- Directorate General of MIneral and Coal - Indonesia
- Bhatia International Limited - India
- White Energy Company Limited
- Essar Steel Hazira Ltd - India
- Tamil Nadu electricity Board
- Intertek Mineral Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Latin American Coal - Colombia
- Larsen & Toubro Limited - India
- Sojitz Corporation - Japan
- Romanian Commodities Exchange
- Deloitte Consulting - India
- CNBM International Corporation - China
- PetroVietnam Power Coal Import and Supply Company
- Maheswari Brothers Coal Limited - India
- Power Finance Corporation Ltd., India
- Indika Energy - Indonesia
- Petron Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Tata Chemicals Ltd - India
- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- Wood Mackenzie - Singapore
- Eastern Energy - Thailand
- Coastal Gujarat Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Madhucon Powers Ltd - India
- VISA Power Limited - India
- Mercator Lines Limited - India
- International Coal Ventures Pvt Ltd - India
- Indogreen Group - Indonesia
- GVK Power & Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Global Business Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Leighton Contractors Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- SMG Consultants - Indonesia
- Directorate Of Revenue Intelligence - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- PTC India Limited - India
- Planning Commission, India
- TeaM Sual Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Indian Energy Exchange, India
- Singapore Mercantile Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Timah Investasi Mineral - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Therma Luzon, Inc, Philippines
- Independent Power Producers Association of India
- Sarangani Energy Corporation, Philippines
- Grasim Industreis Ltd - India
- Interocean Group of Companies - India
- Rio Tinto Coal - Australia
- Wilmar Investment Holdings
- Indian Oil Corporation Limited
- Makarim & Taira - Indonesia
- Jaiprakash Power Ventures ltd
- Cement Manufacturers Association - India
- SMC Global Power, Philippines
- IHS Mccloskey Coal Group - USA
- AsiaOL BioFuels Corp., Philippines
- Ministry of Mines - Canada
- European Bulk Services B.V. - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Star Paper Mills Limited - India
- Attock Cement Pakistan Limited
- India Bulls Power Limited - India
- Renaissance Capital - South Africa
- Oldendorff Carriers - Singapore
- Dalmia Cement Bharat India
- Anglo American - United Kingdom
- MS Steel International - UAE
- Meenaskhi Energy Private Limited - India
- Kartika Selabumi Mining - Indonesia
- The University of Queensland
- Bharathi Cement Corporation - India
- Australian Commodity Traders Exchange
- Heidelberg Cement - Germany
- Goldman Sachs - Singapore
- Indo Tambangraya Megah - Indonesia
- Coalindo Energy - Indonesia
- Thai Mozambique Logistica
- Bahari Cakrawala Sebuku - Indonesia
- Antam Resourcindo - Indonesia
- Gujarat Sidhee Cement - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Standard Chartered Bank - UAE
- Vedanta Resources Plc - India
- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
- Globalindo Alam Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- GAC Shipping (India) Pvt Ltd
- Banpu Public Company Limited - Thailand
- Energy Development Corp, Philippines
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