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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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Saturday, 16 October 21
COAL IS 'KING' AS GAS PRICES SOAR, TOTAL CEO SAYS - AND IT’S BACKFIRING ON CLEANER ENERGY GOALS - CNBC
Surging natural gas prices have led to a jump in coal use, with plants in Europe and Asia firing back up as temperatures decline and the world grap ...
Saturday, 16 October 21
VIETNAM'S COAL-FIRED POWER MAY DOUBLE BY 2030 UNDER DRAFT ENERGY PLAN - REUTERS
Vietnam may double the amount of coal-fired electric generation it installs by 2030 under a draft power development plan submitted to the prime min ...
Friday, 15 October 21
AUSTRALIA'S WHITEHAVEN EXPECTS TO BE DEBT-FREE NEXT YEAR AS COAL PRICES SOAR - REUTERS
Australia’s Whitehaven Coal WHC.AX said on Thursday it expects to be debt-free by early 2022, as thermal coal prices surge to record highs on ...
Friday, 15 October 21
WINTER CHILL KEEPS CHINA'S COAL PRICES HIGH, POWER CRUNCH STOKES INFLATION - REUTERS
China coal prices held near record highs on Thursday as cold weather swept into the country’s north and power plants stocked up on the fuel t ...
Friday, 15 October 21
GLOBAL STEEL DEMAND GROWTH DOWNGRADED FOR 2021 DUE TO CHINA - WORLD STEEL ASSOCIATION
The World Steel Association (worldsteel) today released an update of its Short Range Outlook (SRO) for 2021 and 2022. worldsteel forecasts that ste ...
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- Price Waterhouse Coopers - Russia
- San Jose City I Power Corp, Philippines
- Jaiprakash Power Ventures ltd
- Pendopo Energi Batubara - Indonesia
- Uttam Galva Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maheswari Brothers Coal Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Banpu Public Company Limited - Thailand
- AsiaOL BioFuels Corp., Philippines
- Dalmia Cement Bharat India
- Savvy Resources Ltd - HongKong
- South Luzon Thermal Energy Corporation
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
- Iligan Light & Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- Sarangani Energy Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Port Waratah Coal Services - Australia
- Indika Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
- Eastern Coal Council - USA
- Romanian Commodities Exchange
- Timah Investasi Mineral - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- LBH Netherlands Bv - Netherlands
- Indonesian Coal Mining Association
- Karaikal Port Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Gujarat Sidhee Cement - India
- Chettinad Cement Corporation Ltd - India
- Metalloyd Limited - United Kingdom
- Eastern Energy - Thailand
- Kapuas Tunggal Persada - Indonesia
- Kumho Petrochemical, South Korea
- Indian Energy Exchange, India
- SN Aboitiz Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Ministry of Mines - Canada
- VISA Power Limited - India
- Central Java Power - Indonesia
- Interocean Group of Companies - India
- Billiton Holdings Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Trasteel International SA, Italy
- Africa Commodities Group - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Merrill Lynch Commodities Europe
- Parliament of New Zealand
- Kaltim Prima Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Mercuria Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Rio Tinto Coal - Australia
- Semirara Mining Corp, Philippines
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- Toyota Tsusho Corporation, Japan
- Vijayanagar Sugar Pvt Ltd - India
- Baramulti Group, Indonesia
- Goldman Sachs - Singapore
- IHS Mccloskey Coal Group - USA
- Marubeni Corporation - India
- Bangladesh Power Developement Board
- Bukit Baiduri Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Electricity Generating Authority of Thailand
- Bulk Trading Sa - Switzerland
- Jindal Steel & Power Ltd - India
- Thiess Contractors Indonesia
- Indogreen Group - Indonesia
- OPG Power Generation Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Asmin Koalindo Tuhup - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Simpson Spence & Young - Indonesia
- Bhatia International Limited - India
- Miang Besar Coal Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bhoruka Overseas - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- New Zealand Coal & Carbon
- Sojitz Corporation - Japan
- Chamber of Mines of South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Standard Chartered Bank - UAE
- Leighton Contractors Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Sical Logistics Limited - India
- Central Electricity Authority - India
- Meralco Power Generation, Philippines
- Heidelberg Cement - Germany
- Bukit Makmur.PT - Indonesia
- Borneo Indobara - Indonesia
- Antam Resourcindo - Indonesia
- Aboitiz Power Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Bharathi Cement Corporation - India
- Mintek Dendrill Indonesia
- Global Green Power PLC Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Edison Trading Spa - Italy
- McConnell Dowell - Australia
- Agrawal Coal Company - India
- SMG Consultants - Indonesia
- Georgia Ports Authority, United States
- PowerSource Philippines DevCo
- Minerals Council of Australia
- Renaissance Capital - South Africa
- Thai Mozambique Logistica
- Vizag Seaport Private Limited - India
- Formosa Plastics Group - Taiwan
- Tamil Nadu electricity Board
- White Energy Company Limited
- Attock Cement Pakistan Limited
- Neyveli Lignite Corporation Ltd, - India
- Sindya Power Generating Company Private Ltd
- London Commodity Brokers - England
- Ceylon Electricity Board - Sri Lanka
- Lanco Infratech Ltd - India
- Siam City Cement PLC, Thailand
- Grasim Industreis Ltd - India
- Riau Bara Harum - Indonesia
- Tata Chemicals Ltd - India
- Energy Development Corp, Philippines
- Mjunction Services Limited - India
- Global Coal Blending Company Limited - Australia
- Sree Jayajothi Cements Limited - India
- Xindia Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- Vedanta Resources Plc - India
- Bayan Resources Tbk. - Indonesia
- Indian Oil Corporation Limited
- Sinarmas Energy and Mining - Indonesia
- Coal and Oil Company - UAE
- Makarim & Taira - Indonesia
- Coalindo Energy - Indonesia
- CNBM International Corporation - China
- Orica Australia Pty. Ltd.
- Madhucon Powers Ltd - India
- ICICI Bank Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Carbofer General Trading SA - India
- Kohat Cement Company Ltd. - Pakistan
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Finance - Indonesia
- Singapore Mercantile Exchange
- Kartika Selabumi Mining - Indonesia
- Australian Commodity Traders Exchange
- Cigading International Bulk Terminal - Indonesia
- Bhushan Steel Limited - India
- Binh Thuan Hamico - Vietnam
- Ambuja Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Petron Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Electricity Authority, New Zealand
- Larsen & Toubro Limited - India
- Global Business Power Corporation, Philippines
- Latin American Coal - Colombia
- Sakthi Sugars Limited - India
- Orica Mining Services - Indonesia
- Anglo American - United Kingdom
- Commonwealth Bank - Australia
- GVK Power & Infra Limited - India
- Australian Coal Association
- Videocon Industries ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- GAC Shipping (India) Pvt Ltd
- PNOC Exploration Corporation - Philippines
- Star Paper Mills Limited - India
- Ind-Barath Power Infra Limited - India
- Malabar Cements Ltd - India
- PTC India Limited - India
- The State Trading Corporation of India Ltd
- MS Steel International - UAE
- Altura Mining Limited, Indonesia
- Independent Power Producers Association of India
- Bahari Cakrawala Sebuku - Indonesia
- The University of Queensland
- Aditya Birla Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Transport, Egypt
- Medco Energi Mining Internasional
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement - Thailand
- Manunggal Multi Energi - Indonesia
- Planning Commission, India
- Essar Steel Hazira Ltd - India
- TeaM Sual Corporation - Philippines
- Parry Sugars Refinery, India
- European Bulk Services B.V. - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Deloitte Consulting - India
- Wilmar Investment Holdings
- ASAPP Information Group - India
- GN Power Mariveles Coal Plant, Philippines
- Wood Mackenzie - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Mercator Lines Limited - India
- SMC Global Power, Philippines
- GMR Energy Limited - India
- The Treasury - Australian Government
- Oldendorff Carriers - Singapore
- Posco Energy - South Korea
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