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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, 05 February 20
CORONAVIRUS AND THE SHIPPING INDUSTRY - WATSON, FARLEY & WILLIAMS
The continued spread of Coronavirus and governmental measures to minimise the impact is likely to affect the shipping industry and supply chain.
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Wednesday, 05 February 20
INDONESIA'S COAL PRICE REFERENCE UP 1.46% IN FEBRUARY
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised up the benchmark price of Indonesian thermal co ...
Wednesday, 05 February 20
MARKET INSIGHT - INTERMODAL
The oil and gas industry benefitted from a strong and solid ground in the previous year. We witnessed a slow but steady increase in bunker’s ...
Wednesday, 05 February 20
RUSSIA EXPORTED 28.6 MLN TONNES OF LNG IN 2019 - REFINITIV
A lot of attention has been paid recently on the surge in LNG exports from the United States. However, another country which is seeing truly expone ...
Tuesday, 04 February 20
CAPE: THE AVERAGE EARNINGS PER DAY FELL BENEATH THE USD 4,000, A LEVEL CONSIDERABLY BELOW EVEN THE MOST CONSERVATIVE OPEX LEVELS - ALLIED
The recent slump in the dry bulk freight market may well have been expected to some degree, but despite this the shock was still overwhelming when ...
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TeaM Sual Corporation - Philippines
- Orica Mining Services - Indonesia
- Sindya Power Generating Company Private Ltd
- AsiaOL BioFuels Corp., Philippines
- Globalindo Alam Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Trasteel International SA, Italy
- GAC Shipping (India) Pvt Ltd
- Coastal Gujarat Power Limited - India
- The University of Queensland
- Savvy Resources Ltd - HongKong
- Timah Investasi Mineral - Indoneisa
- Star Paper Mills Limited - India
- The Treasury - Australian Government
- Essar Steel Hazira Ltd - India
- Bulk Trading Sa - Switzerland
- McConnell Dowell - Australia
- Semirara Mining and Power Corporation, Philippines
- Sical Logistics Limited - India
- Manunggal Multi Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Chamber of Mines of South Africa
- Posco Energy - South Korea
- Baramulti Group, Indonesia
- Ministry of Mines - Canada
- Neyveli Lignite Corporation Ltd, - India
- Borneo Indobara - Indonesia
- Mercuria Energy - Indonesia
- Bhushan Steel Limited - India
- Georgia Ports Authority, United States
- Thai Mozambique Logistica
- Therma Luzon, Inc, Philippines
- ASAPP Information Group - India
- Billiton Holdings Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Binh Thuan Hamico - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Miang Besar Coal Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bhatia International Limited - India
- IEA Clean Coal Centre - UK
- Kumho Petrochemical, South Korea
- Riau Bara Harum - Indonesia
- Parliament of New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Renaissance Capital - South Africa
- Grasim Industreis Ltd - India
- Jindal Steel & Power Ltd - India
- Central Java Power - Indonesia
- Carbofer General Trading SA - India
- Maharashtra Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Formosa Plastics Group - Taiwan
- Global Business Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Global Coal Blending Company Limited - Australia
- Economic Council, Georgia
- Romanian Commodities Exchange
- Global Green Power PLC Corporation, Philippines
- Malabar Cements Ltd - India
- Indogreen Group - Indonesia
- Electricity Authority, New Zealand
- Ambuja Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Ministry of Finance - Indonesia
- Banpu Public Company Limited - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mjunction Services Limited - India
- Africa Commodities Group - South Africa
- Electricity Generating Authority of Thailand
- Bukit Baiduri Energy - Indonesia
- Energy Link Ltd, New Zealand
- New Zealand Coal & Carbon
- South Luzon Thermal Energy Corporation
- Aditya Birla Group - India
- Rio Tinto Coal - Australia
- Anglo American - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- GMR Energy Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Power Finance Corporation Ltd., India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cigading International Bulk Terminal - Indonesia
- Eastern Coal Council - USA
- Holcim Trading Pte Ltd - Singapore
- Kobexindo Tractors - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Larsen & Toubro Limited - India
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- Kaltim Prima Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Tata Chemicals Ltd - India
- Madhucon Powers Ltd - India
- European Bulk Services B.V. - Netherlands
- Parry Sugars Refinery, India
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- SMG Consultants - Indonesia
- Lanco Infratech Ltd - India
- Maheswari Brothers Coal Limited - India
- Metalloyd Limited - United Kingdom
- GVK Power & Infra Limited - India
- Siam City Cement - Thailand
- Marubeni Corporation - India
- VISA Power Limited - India
- SMC Global Power, Philippines
- International Coal Ventures Pvt Ltd - India
- Energy Development Corp, Philippines
- Gujarat Sidhee Cement - India
- PowerSource Philippines DevCo
- Bahari Cakrawala Sebuku - Indonesia
- PNOC Exploration Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Energy - Thailand
- Kideco Jaya Agung - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Iligan Light & Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tamil Nadu electricity Board
- Karaikal Port Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Goldman Sachs - Singapore
- Coal and Oil Company - UAE
- Semirara Mining Corp, Philippines
- India Bulls Power Limited - India
- Videocon Industries ltd - India
- Interocean Group of Companies - India
- Indika Energy - Indonesia
- Altura Mining Limited, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Wilmar Investment Holdings
- Coalindo Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Edison Trading Spa - Italy
- Kohat Cement Company Ltd. - Pakistan
- Agrawal Coal Company - India
- Standard Chartered Bank - UAE
- MS Steel International - UAE
- SN Aboitiz Power Inc, Philippines
- White Energy Company Limited
- Antam Resourcindo - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Oldendorff Carriers - Singapore
- Bukit Makmur.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate Of Revenue Intelligence - India
- Minerals Council of Australia
- Simpson Spence & Young - Indonesia
- Intertek Mineral Services - Indonesia
- Bhoruka Overseas - Indonesia
- Sarangani Energy Corporation, Philippines
- Thiess Contractors Indonesia
- Ind-Barath Power Infra Limited - India
- Latin American Coal - Colombia
- Makarim & Taira - Indonesia
- Bharathi Cement Corporation - India
- Petron Corporation, Philippines
- Bangladesh Power Developement Board
- Singapore Mercantile Exchange
- Aboitiz Power Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Indian Energy Exchange, India
- Sree Jayajothi Cements Limited - India
- Mintek Dendrill Indonesia
- Kartika Selabumi Mining - Indonesia
- Heidelberg Cement - Germany
- Ministry of Transport, Egypt
- Australian Coal Association
- Alfred C Toepfer International GmbH - Germany
- Wood Mackenzie - Singapore
- Medco Energi Mining Internasional
- Meralco Power Generation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Vedanta Resources Plc - India
- Vizag Seaport Private Limited - India
- Independent Power Producers Association of India
- Petrochimia International Co. Ltd.- Taiwan
- London Commodity Brokers - England
- Dalmia Cement Bharat India
- Salva Resources Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Planning Commission, India
- Port Waratah Coal Services - Australia
- Karbindo Abesyapradhi - Indoneisa
- Central Electricity Authority - India
- Uttam Galva Steels Limited - India
- Samtan Co., Ltd - South Korea
- San Jose City I Power Corp, Philippines
- The State Trading Corporation of India Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Commonwealth Bank - Australia
- CNBM International Corporation - China
- Price Waterhouse Coopers - Russia
- Mercator Lines Limited - India
- Indonesian Coal Mining Association
- Barasentosa Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Sakthi Sugars Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Meenaskhi Energy Private Limited - India
- Deloitte Consulting - India
- PTC India Limited - India
- Leighton Contractors Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Orica Australia Pty. Ltd.
- Krishnapatnam Port Company Ltd. - India
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