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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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Tuesday, 19 July 22
WHY SHIPPING MIGHT BE ABOUT TO GET A LITTLE BIT SLOWER - WORLD ECONOMIC FORUM
If shipping is the beating heart of global trade, its pulse is about to get slower.
Faced with uncertainty about which fuels to use in the long ...
Tuesday, 19 July 22
GERMANY'S INCREASED COAL, OIL USE WILL BE TEMPORARY, SCHOLZ SAYS - CNBC
Chancellor Olaf Scholz says Germany’s decision to reactivate coal and oil-fired power plants to relieve energy shortages because of the war i ...
Tuesday, 19 July 22
INDONESIA REMOVES PALM OIL EXPORT LEVY UNTIL AUG. 31 - REUTERS
Indonesia has scrapped its export levy for all palm oil products until Aug. 31 in a fresh attempt to boost exports and ease high inventories, finan ...
Tuesday, 19 July 22
CHINA'S JUNE DAILY COAL OUTPUT JUMPS ON PEAK SUMMER DEMAND - REUTERS
China’s daily coal output in June rose 6.6 per cent from a month earlier as miners cranked up output ahead of peak summer temperatures, when ...
Tuesday, 19 July 22
SEEING RED? - WOOD MACKENZIE
What a Republican mid-term victory could mean for US energy and climate policy
According to current polling the Republican Party has ...
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- IEA Clean Coal Centre - UK
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sical Logistics Limited - India
- Cigading International Bulk Terminal - Indonesia
- Planning Commission, India
- Timah Investasi Mineral - Indoneisa
- Attock Cement Pakistan Limited
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- SN Aboitiz Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Ambuja Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Vizag Seaport Private Limited - India
- Tata Chemicals Ltd - India
- Sarangani Energy Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Bhushan Steel Limited - India
- Sojitz Corporation - Japan
- Riau Bara Harum - Indonesia
- ICICI Bank Limited - India
- Coal and Oil Company - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Jindal Steel & Power Ltd - India
- Karaikal Port Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Parry Sugars Refinery, India
- Cement Manufacturers Association - India
- SMC Global Power, Philippines
- Barasentosa Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Jaiprakash Power Ventures ltd
- Manunggal Multi Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- Antam Resourcindo - Indonesia
- Toyota Tsusho Corporation, Japan
- Globalindo Alam Lestari - Indonesia
- Deloitte Consulting - India
- Videocon Industries ltd - India
- Xindia Steels Limited - India
- Central Electricity Authority - India
- Global Green Power PLC Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Generating Authority of Thailand
- Lanco Infratech Ltd - India
- Marubeni Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- International Coal Ventures Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Leighton Contractors Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Parliament of New Zealand
- Oldendorff Carriers - Singapore
- Bangladesh Power Developement Board
- Thiess Contractors Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mjunction Services Limited - India
- ASAPP Information Group - India
- Formosa Plastics Group - Taiwan
- Wood Mackenzie - Singapore
- Iligan Light & Power Inc, Philippines
- Medco Energi Mining Internasional
- Offshore Bulk Terminal Pte Ltd, Singapore
- Krishnapatnam Port Company Ltd. - India
- Simpson Spence & Young - Indonesia
- Eastern Energy - Thailand
- Ministry of Transport, Egypt
- Edison Trading Spa - Italy
- Independent Power Producers Association of India
- Meenaskhi Energy Private Limited - India
- Goldman Sachs - Singapore
- Sinarmas Energy and Mining - Indonesia
- Aditya Birla Group - India
- Kobexindo Tractors - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Commonwealth Bank - Australia
- Africa Commodities Group - South Africa
- IHS Mccloskey Coal Group - USA
- Metalloyd Limited - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Holcim Trading Pte Ltd - Singapore
- Petron Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Indonesian Coal Mining Association
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- San Jose City I Power Corp, Philippines
- Bhatia International Limited - India
- PowerSource Philippines DevCo
- CNBM International Corporation - China
- Australian Coal Association
- Romanian Commodities Exchange
- Sakthi Sugars Limited - India
- GAC Shipping (India) Pvt Ltd
- Asmin Koalindo Tuhup - Indonesia
- Indian Oil Corporation Limited
- Rio Tinto Coal - Australia
- Altura Mining Limited, Indonesia
- Directorate Of Revenue Intelligence - India
- VISA Power Limited - India
- Chamber of Mines of South Africa
- Heidelberg Cement - Germany
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- Siam City Cement - Thailand
- Bayan Resources Tbk. - Indonesia
- Bukit Baiduri Energy - Indonesia
- MS Steel International - UAE
- TeaM Sual Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Electricity Authority, New Zealand
- India Bulls Power Limited - India
- Economic Council, Georgia
- Gujarat Sidhee Cement - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- SMG Consultants - Indonesia
- Minerals Council of Australia
- Larsen & Toubro Limited - India
- CIMB Investment Bank - Malaysia
- Posco Energy - South Korea
- Global Business Power Corporation, Philippines
- Indogreen Group - Indonesia
- Australian Commodity Traders Exchange
- GMR Energy Limited - India
- Standard Chartered Bank - UAE
- GVK Power & Infra Limited - India
- South Luzon Thermal Energy Corporation
- Global Coal Blending Company Limited - Australia
- Kumho Petrochemical, South Korea
- Aboitiz Power Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Java Power - Indonesia
- The Treasury - Australian Government
- Coalindo Energy - Indonesia
- Renaissance Capital - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Banpu Public Company Limited - Thailand
- Essar Steel Hazira Ltd - India
- Borneo Indobara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Interocean Group of Companies - India
- Maharashtra Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- PNOC Exploration Corporation - Philippines
- Mercuria Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Mintek Dendrill Indonesia
- Ind-Barath Power Infra Limited - India
- Anglo American - United Kingdom
- Straits Asia Resources Limited - Singapore
- Indo Tambangraya Megah - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sree Jayajothi Cements Limited - India
- Siam City Cement PLC, Thailand
- Rashtriya Ispat Nigam Limited - India
- Eastern Coal Council - USA
- Indika Energy - Indonesia
- Trasteel International SA, Italy
- Pendopo Energi Batubara - Indonesia
- Latin American Coal - Colombia
- Bharathi Cement Corporation - India
- The State Trading Corporation of India Ltd
- Coastal Gujarat Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Vedanta Resources Plc - India
- White Energy Company Limited
- Savvy Resources Ltd - HongKong
- Port Waratah Coal Services - Australia
- Madhucon Powers Ltd - India
- Chettinad Cement Corporation Ltd - India
- Energy Development Corp, Philippines
- Salva Resources Pvt Ltd - India
- Agrawal Coal Company - India
- Thai Mozambique Logistica
- Gujarat Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- Carbofer General Trading SA - India
- Orica Mining Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Maheswari Brothers Coal Limited - India
- Orica Australia Pty. Ltd.
- Bukit Makmur.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Therma Luzon, Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Bhoruka Overseas - Indonesia
- Merrill Lynch Commodities Europe
- Malabar Cements Ltd - India
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- The University of Queensland
- Indian Energy Exchange, India
- Singapore Mercantile Exchange
- McConnell Dowell - Australia
- Mercator Lines Limited - India
- Star Paper Mills Limited - India
- Semirara Mining and Power Corporation, Philippines
- PTC India Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Mines - Canada
- Uttam Galva Steels Limited - India
- Wilmar Investment Holdings
- Kapuas Tunggal Persada - Indonesia
- Dalmia Cement Bharat India
- London Commodity Brokers - England
- Kalimantan Lumbung Energi - Indonesia
- Tamil Nadu electricity Board
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