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Wednesday's Rotterdam vegetable oil prices at 1600 GMT.

US soyabeans fell 1 percent on Tuesday, pressured by a record harvest, as traders shrugged off a US Agriculture Department report that showed domestic supplies shrank to less than a 10-day supply at the beginning of the month. Soyabean futures capped a nearly 35 percent quarterly decline - the biggest since 2008 - as the advancing harvest was expected to replenish supplies depleted by huge exports to top buyer China.
Malaysian palm oil futures dipped on Wednesday as investors turned wary of record supplies of rival oilseeds that could overwhelm global demand and curb appetite for the tropical oil. Palm prices rose 15 percent in September, their biggest monthly gain since April 2009, lifted by robust export demand and anticipation for output to weaken.
Strong domestic demand for Russian wheat has priced one of the world's leading suppliers out of export markets far earlier in the season than usual, ceding market share to European competitors, traders said. Active exports in July, August and early September have left Russian wheat now too expensive to compete with main rival origins despite a near-record crop and a recent price decline.
Wheat futures on the Chicago Board of Trade ended lower on Tuesday after the US Agriculture Department's September 1 wheat stocks figure came in slightly above trade expectations at 1.914 billion bushels, traders said. Additional pressure stemmed from lower corn futures and a stronger dollar, which makes US wheat less attractive on the world market. The dollar hit a four-year high against a basket of major currencies on weak euro zone inflation data.
US FOB Gulf soft red winter wheat basis offers were steady to firm late Tuesday as the market awaited the latest tender from Egypt's GASC buyer for November shipment issued after the close of Chicago futures, traders said. Corn basis offers were also steady to firm and soyabeans were unchanged amid the lower futures close on Tuesday following the latest USDA's quarterly grains stocks figures.
US corn and soyabeans edged narrowly higher on Wednesday as investors covered short positions after prices fell to multiyear lows earlier in the session and while rains stalled record harvests in the Midwestern crop belt. Wheat futures also were higher, stabilising after their four-year low reached last week. The gains followed the US Agriculture Department's largely bearish quarterly stocks and small grains summaries that were released on Tuesday.
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
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WeeklySeptember 25, 2014
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