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Friday's Rotterdam vegetable oil prices at 1600 GMT.

US soyabean futures retreated early on Friday after piercing $10 a bushel for the first time in six weeks as forecasts for favourable weather in the United States and Brazil pressured prices. Corn dipped after reaching a two-month high, while wheat edged up after setting a seven-week high.
Malaysian palm oil futures hit a two-week high on Friday, aided by firmer soy oil prices and with traders expecting prices to remain robust ahead of the onset of the monsoon season. US soyabeans rose above $10 per bushel for the first time in six weeks, buoyed by surprisingly strong demand led by China and tight supplies after harvest delays.
US soyabean futures rallied more than 3 percent to a five-week high on Thursday on robust export demand and tight cash market supplies, with late-session technical buying adding to gains. Corn futures gained nearly 2 percent and wheat climbed to a 1-1/2 month high on spillover strength from soyabeans.
US FOB Gulf soyabeans basis offers were stronger after the close on Thursday, adding to gains in futures markets driven by a US Agriculture Department's (USDA) export sales report that jolted markets, traders said. Corn basis offers were also firmer as some loading capacity freed up and country corn sales light as farmers focus on harvesting soyabeans, traders said.
Wheat futures on the Chicago Board of Trade rose for a third straight session on Thursday, reaching a six-week high on technical buying and spillover strength from surging soy and corn markets, traders said. CBOT December wheat held above support at its 50-day moving average and reached $5.30-3/4 a bushel, its highest level since September 9, before settling at $5.26-3/4.
European wheat prices edged slightly higher on Thursday, rising for a third session in a row, helped by a rise on US markets and a low euro versus the dollar, making euro zone products cheaper on the world market. By 1520 GMT, benchmark January milling wheat futures on Paris-based Euronext were up 1.00 euro, or 0.6 percent, at 170 euros a tonne. At the same time, Chicago wheat was .4 percent higher on spillover strength from the corn market.
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Annual2013/14
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Per Cap Income $1,386
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MonthlyAugust
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