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Indonesia's June crude palm oil output to hit at least 10-month high JAKARTA: Indonesia's crude palm oil (CPO) output likely rose for a fourth month in June to hit its highest since at least August on supplies from new plantations, while exports continued their rally given strong festival demand, a Reuters survey showed.Higher output at the world's top producer, and worries that exports will weaken in July after the end of the holy Muslim month of Ramadan, could hurt benchmark palm prices that hit a three-month low of 2,099 ringgit ($549.05) per tonne this week.Indonesia's CPO output reached 2.8 million tonnes in June, according to the median estimate of the survey of three Indonesian industry officials and plantation companies, versus 2.774 million tonnes in May."High prices in 2011 led to a lot of (new) plantation and some of this may be coming on," said Pawan Kumar, an analyst at Rabobank International. "July could be lower because of Ramadan month. There could be ...

Copper drops on China worries, faces 9 pct July loss LONDON: Copper and most other base metals extended their downtrends on Friday on persistent worries about demand in top consumer China, leaving copper facing its biggest monthly loss since January. Declines on the day were muted, however, as traders squared their books ahead of the month-end and Chinese factory data due to be released over the weekend. Investors remained on edge about demand in top metals consumer China, after an official warned that risks from ...

South Korea buys 30,000 T rice from US and China HAMBURG: South Korea's Agro-Fisheries & Food Trade Corp. has purchased around 30,000 of rice to be sourced from the United States and China in an international tender on Friday, European traders said. The purchase included about 20,000 tonnes of US rice purchased at $961 a tonne, they said. A further 10,000 tonnes of Chinese origin rice was purchased at $998.78 a tonne, they said. Copyright Reuters, 2015

Robusta coffee steady before expiry, raw sugar flat LONDON: Robusta coffee futures held steady before a contract expiry on Friday, with dealers focused on a big front-month premium, while arabica edged up supported by a softer dollar. Raw sugar futures were steady, with upside capped by a weak Brazilian currency. Cocoa was little changed in light volumes. September robusta was flat at $1,648 a tonne, not far from Tuesday's two-month low of $1,624. The most-active September arabica coffee contract on ICE Futures US ...

Palm oil targets 2,141 ringgit SINGAPORE: Palm oil may break a resistance at 2,124 ringgit per tonne and rise more to 2,141 ringgit, following the completion of a wave c.The resistance is provided by the 150 percent Fibonacci projection level of the wave c, the third wave of a three-wave cycle that developed from the July 14 high of 2,230 ringgit.The next resistance will be at 2,141 ringgit, the 123.6 percent level, which will be confirmed as a target once ...

CBOT soybeans biased to drop to $9.30-3/4 SINGAPORE: CBOT soybeans November contract is biased to fall to a support at $9.30-3/4 per bushel, as it failed to break a resistance at $9.52-3/4.The resistance is provided by the 61.8 percent Fibonacci retracement on the rise from the June 15 low of $8.95-3/4 to the July 14 high of $10.45. No matter how hard the contract had tried, it still failed to break this resistance. It seems the market sentiment remains very cautious.The bounce ...

CBOT corn to end bounce below $3.80-1/4 SINGAPORE: CBOT Sept. corn may end its current bounce below a resistance at $3.80-1/4 per bushel and then fall towards a support at $3.72.The resistance is provided by the 261.8 percent Fibonacci projection level of a downward wave 3, the third wave of a five-wave cycle that developed form the July 14 high of $4.43-1/4.The current bounce is driven by a wave 4, which may roughly match the preceding wave 2 in both size and ...


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln