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Ample monsoon rainfall in June accelerated planting of main crops such as rice and cotton, government data showed on Friday, though the current dry spell could slow down the pace of sowing in coming weeks. Weather officials forecast monsoon rains would remain subdued in large parts of the country in the first half of July. Good rainfall this year is key to boosting a rural economy hit by delayed and lower rains last year, as well as keeping a lid on food inflation and giving India's central bank more scope to cut lending rates.

Monday's Rotterdam vegetable oil prices at 1600 GMT.
Malaysian palm oil lost ground on Monday, falling 1.5 percent as stocks and commodities slid after Greece rejected terms of a bailout package, raising risk of a global financial crisis. Shares fell in Europe and Asia, the euro stumbled and yields on weaker euro zone economies' bonds rose after Greece overwhelmingly voted against conditions for a rescue package, but there was no rout and contagion was limited.
Forward sales of Brazil's 2015/16 soyabean crop increased in late June and 17 percent of the expected harvest had been sold by the end of the month, analyst AgRural said on Friday. The crop was 6 percent sold a month earlier and 3 percent of the 2014/15 crop had been sold at this time a year ago, AgRural said in a report.
Arabica coffee futures on ICE fell to a 1-1/2-year low on Monday on chart-based selling and as new sellers entered the market, while raw sugar moved in the opposite direction on short-covering. Cocoa markets eased. US markets were closed on Friday for the long Independence Day weekend.
The wheat area for this summer's harvest in Britain is estimated to have fallen by 3 percent to 1.87 million hectares, according to a planting survey issued on Monday by the Agriculture and Horticulture Development Board (AHDB). The survey also estimated there had also been a 7 percent decline in the rapeseed area to 627,000 hectares, while the barley area climbed 3 percent to 1.09 million hectares.
Algeria's state grains agency OAIC bought at least 400,000 tonnes of optional-origin milling wheat in a tender this week, European traders said on Friday. OAIC does not publish details of its grain tenders and results reported by traders are estimates. Some traders put the volume at 500,000 tonnes or higher. There was a consensus that OAIC paid around $238 a tonne, including cost and freight, for the wheat, which is to be shipped in September. France, Algeria's main wheat supplier, was seen as the most likely origin although some traders also said German wheat could be chosen as well.
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 06, 2015
Reserves $18.201 bln