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Indonesia keeps Dec crude palm oil export tax at zero JAKARTA: Indonesia set its crude palm oil export tax for December at zero, a trade ministry official said on Friday, unchanged from the previous month."The low export benchmark price and zero percent export tax rate will remain since there is still a current low international price for CPO," foreign trade director general Partogi Pangaribuan told reporters in a press release from the trade ministry.The cocoa bean export tax was set at 10 percent for December, unchanged from November, Pangaribuan said.Copyright Reuters, 2014


Turkey tenders to buy 5,500 tonnes durum wheat HAMBURG: Turkey's state grain board TMO has issued an international tender to purchase 5,500 tonnes of durum wheat, European traders said on Friday.The grain was sought for shipment between Dec. 22, 2014, to Jan. 31, 2015, to the port of Mersin, they said.Tender deadline is Dec. 11 with offers to be valid until Dec. 12, they said.On Nov 24 the TMO purchased 100,000 tonnes of optional-origin durum in its previous tender.Copyright Reuters, 2014

Vietnam 2014/15 coffee output seen down at 29.3mn bags HANOI: The 2014/15 coffee output forecast for Vietnam has been revised up slightly to 29.3 million bags, but is still down from the previous season due to lower yields in some areas that grow the arabica bean, the US Department of Agriculture's attache to Vietnam said in a report.The 2013/2014 crop produced 29.8 million 60-kg bags, of which 1.17 million bags were arabica and 28.65 million bags were robusta, the attache said in the report ...

Sugar dips on rains in Brazil; cocoa firms LONDON: London sugar futures dipped on Thursday as rains in top grower Brazil were expected to help development of next year's crop, while cocoa firmed and robusta coffee steadied in light volumes as U.S. markets were shut.Trading volumes were thin across soft commodities during the U.S. Thanksgiving Day holiday on Thursday, when U.S. commodity and energy futures and options markets were closed.London white sugar futures dipped in light volumes as dealers focused on recent rains ...

TOCOM dips to 1-week low on oversupply fear TOKYO: Benchmark Tokyo rubber futures dropped to a one-week low on Thursday, weighed down by growing concern over softening demand in China, the world's top consumer, and a lack of effective steps by top producers to fix oversupply, dealers said.The Tokyo Commodity Exchange rubber contract for May delivery fell 2.3 yen, or 1.1 percent, to settle at 200 yen ($1.7033) per kg. It earlier fell to as low as 199.3 yen, the lowest since Nov. ...

Palm oil falls as crude slides to four-year lows KUALA LUMPUR: Malaysian palm oil futures fell on Thursday as crude oil prices plunged to their lowest in four years, stoking worries that the tropical oil may lose its appeal as an additive in biofuels, while rumours of palm cargo defaults in India spooked investors.Brent crude fell $2 to a 50-month low under $76 a barrel, while US crude lost more than $1 to a session low of $71.89, as oil producers in OPEC looked ...

Gold eases as dollar strengthens, fund outflows resume LONDON: Gold eased on Thursday, hurt by gains in the dollar index and fresh outflows from bullion-backed funds, with traders cautious ahead of a U.S. holiday and this weekend's Swiss referendum on central bank bullion assets.Spot gold was down 0.2 percent at $1,195.60 an ounce at 1100 GMT, while U.S. gold futures for December delivery were down $2.30 an ounce at $1,194.30.The dollar climbed against a basket of currencies, with the euro falling against the ...


 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln