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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, 10 July 19
KOREA SOUTH-EAST POWER INVITES BIDS FOR HCV AND LCV COAL FOR AUGUST 2019 LOADING
COALspot.com: South Korea’s Korea South-East Power Co., Ltd. (KOEN) has issued an international tender for total 460,000 to 500,000 Metric To ...
Wednesday, 10 July 19
SHIPPING MARKET INSIGHT - INTERMODAL
In contrast with the general expectations for the dry bulk market, the sector was not positive or even stable during the past 6 months. The warning ...
Monday, 08 July 19
INDONESIAN COAL PRICE REFERENCE POSTS BIGGEST MONTHLY LOSS SINCE JANUARY 2017
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down again the benchmark price of Indonesian th ...
Monday, 08 July 19
ULTRAMAX: A 52,000-TONNER OPEN CJK FIXED FOR A TRIP VIA INDONESIA WITH RE-DELIVERY CHINA AT $6,100 - BALTIC BRIEFING
Capesize
The Capesize market surged over the past week, reaching highs not seen since August last year. Widespread activity in both basins saw ...
Wednesday, 03 July 19
SHIPPING MARKET INSIGHT - INTERMODAL
The global shipping industry is facing numerous challenges at a time when geopolitical turmoil has escalated in view of the recent tension in the M ...
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- South Luzon Thermal Energy Corporation
- Miang Besar Coal Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Madhucon Powers Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Vizag Seaport Private Limited - India
- Orica Mining Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Coal and Oil Company - UAE
- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
- Pendopo Energi Batubara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Mercuria Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Australian Commodity Traders Exchange
- Sical Logistics Limited - India
- Interocean Group of Companies - India
- Commonwealth Bank - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Price Waterhouse Coopers - Russia
- SMC Global Power, Philippines
- Alfred C Toepfer International GmbH - Germany
- Karaikal Port Pvt Ltd - India
- Wilmar Investment Holdings
- Singapore Mercantile Exchange
- Energy Link Ltd, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Cement Manufacturers Association - India
- Energy Development Corp, Philippines
- Economic Council, Georgia
- Ind-Barath Power Infra Limited - India
- Bhatia International Limited - India
- Standard Chartered Bank - UAE
- Kartika Selabumi Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- Rio Tinto Coal - Australia
- Star Paper Mills Limited - India
- Kideco Jaya Agung - Indonesia
- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- Pipit Mutiara Jaya. PT, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Australian Coal Association
- GAC Shipping (India) Pvt Ltd
- Ceylon Electricity Board - Sri Lanka
- AsiaOL BioFuels Corp., Philippines
- India Bulls Power Limited - India
- Sindya Power Generating Company Private Ltd
- Eastern Energy - Thailand
- Meralco Power Generation, Philippines
- Metalloyd Limited - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Jindal Steel & Power Ltd - India
- Indika Energy - Indonesia
- Renaissance Capital - South Africa
- Kobexindo Tractors - Indoneisa
- Antam Resourcindo - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Global Coal Blending Company Limited - Australia
- Trasteel International SA, Italy
- Leighton Contractors Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- PowerSource Philippines DevCo
- Sarangani Energy Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chamber of Mines of South Africa
- Independent Power Producers Association of India
- Coastal Gujarat Power Limited - India
- Electricity Generating Authority of Thailand
- Kalimantan Lumbung Energi - Indonesia
- Edison Trading Spa - Italy
- GMR Energy Limited - India
- ICICI Bank Limited - India
- Holcim Trading Pte Ltd - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kumho Petrochemical, South Korea
- Iligan Light & Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Aditya Birla Group - India
- CIMB Investment Bank - Malaysia
- Siam City Cement - Thailand
- MS Steel International - UAE
- Tamil Nadu electricity Board
- Indian Energy Exchange, India
- Power Finance Corporation Ltd., India
- Latin American Coal - Colombia
- Billiton Holdings Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Baramulti Group, Indonesia
- Essar Steel Hazira Ltd - India
- Semirara Mining Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Aboitiz Power Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Mintek Dendrill Indonesia
- Formosa Plastics Group - Taiwan
- Larsen & Toubro Limited - India
- Indonesian Coal Mining Association
- Global Business Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Wood Mackenzie - Singapore
- Videocon Industries ltd - India
- Malabar Cements Ltd - India
- Coalindo Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Indian Oil Corporation Limited
- Ministry of Transport, Egypt
- Africa Commodities Group - South Africa
- Oldendorff Carriers - Singapore
- Thai Mozambique Logistica
- Kepco SPC Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Anglo American - United Kingdom
- Lanco Infratech Ltd - India
- Bangladesh Power Developement Board
- Bharathi Cement Corporation - India
- Minerals Council of Australia
- Therma Luzon, Inc, Philippines
- Makarim & Taira - Indonesia
- Directorate Of Revenue Intelligence - India
- New Zealand Coal & Carbon
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Mines - Canada
- Toyota Tsusho Corporation, Japan
- Orica Australia Pty. Ltd.
- Gujarat Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Agrawal Coal Company - India
- Vedanta Resources Plc - India
- Cigading International Bulk Terminal - Indonesia
- Central Java Power - Indonesia
- SMG Consultants - Indonesia
- TeaM Sual Corporation - Philippines
- McConnell Dowell - Australia
- Goldman Sachs - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- The Treasury - Australian Government
- Tata Chemicals Ltd - India
- Gujarat Sidhee Cement - India
- Meenaskhi Energy Private Limited - India
- San Jose City I Power Corp, Philippines
- VISA Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Mercator Lines Limited - India
- Bayan Resources Tbk. - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Xindia Steels Limited - India
- Marubeni Corporation - India
- LBH Netherlands Bv - Netherlands
- Grasim Industreis Ltd - India
- Siam City Cement PLC, Thailand
- The State Trading Corporation of India Ltd
- Directorate General of MIneral and Coal - Indonesia
- GVK Power & Infra Limited - India
- Sakthi Sugars Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bhushan Steel Limited - India
- Samtan Co., Ltd - South Korea
- Mjunction Services Limited - India
- CNBM International Corporation - China
- Gujarat Mineral Development Corp Ltd - India
- Altura Mining Limited, Indonesia
- PTC India Limited - India
- IHS Mccloskey Coal Group - USA
- Intertek Mineral Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Savvy Resources Ltd - HongKong
- Dalmia Cement Bharat India
- Sinarmas Energy and Mining - Indonesia
- Sojitz Corporation - Japan
- Bhoruka Overseas - Indonesia
- Ministry of Finance - Indonesia
- Jaiprakash Power Ventures ltd
- Binh Thuan Hamico - Vietnam
- Parry Sugars Refinery, India
- Deloitte Consulting - India
- The University of Queensland
- Parliament of New Zealand
- OPG Power Generation Pvt Ltd - India
- Thiess Contractors Indonesia
- SN Aboitiz Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Eastern Coal Council - USA
- White Energy Company Limited
- Medco Energi Mining Internasional
- Romanian Commodities Exchange
- Carbofer General Trading SA - India
- Attock Cement Pakistan Limited
- Port Waratah Coal Services - Australia
- Uttam Galva Steels Limited - India
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- Electricity Authority, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Posco Energy - South Korea
- Banpu Public Company Limited - Thailand
- Chettinad Cement Corporation Ltd - India
- Petron Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Riau Bara Harum - Indonesia
- Central Electricity Authority - India
- Planning Commission, India
- Borneo Indobara - Indonesia
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