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European vegoils-Palm oil prices slip as crude oil retreats LONDON: Palm oil prices were lower on Friday in European trading, tracking a reversal in the crude oil market as tensions in the Middle East appeared to ease. RBD palm olein for July/September shipment traded at $595.00 per tonne, fob Malaysia, down $14.00 from Thursday, while asking prices for palm oil products also fell. CBOT soybean oil prices also retreated, with May off 2.0 percent at 30.56 cents per lb at 1725 GMT. Weakness in crude oil prices has helped curtail demand for palm oil and soybean oil from the biodiesel sector. Copyright Reuters, 2015


Copper falls but still notches up 3rd weekly gain LONDON: Copper tracked losses in oil and fell to its lowest level of the week on Friday as traders waited for comments from the Federal Reserve, but the metal still clocked up its third straight weekly gain helped by mine closures in key producer Chile. Oil fell as fears about the disruption of Middle East crude shipments from Yemen's conflict eased, deterring investments in commodity basket funds that include metals like copper. The rally in ...

Sugar falls to lowest in more than 6 years, arabica dips NEW YORK/LONDON: Raw sugar futures on ICE extended losses and fell to the lowest in more than six years on Friday, weighed down by abundant supplies, while coffee also dropped along with the larger commodity complex Cocoa extended losses, with the New York market falling for the fourth straight week and London for the fifth as speculators fled. Raw sugar fell to a session low of 12.10 cents a lb, the lowest since January 2009, ...

CBOT soybeans extend losing streak on US acreage view CHICAGO: US soybean futures fell to a one-week low on Friday on pressure from the expanding South American harvest and forecasts for huge plantings in the United States, traders said.It was the fourth straight lower close for the front-month soybean contract at the Chicago Board of Trade.Soymeal futures also slipped, but support from end-of-week short covering kept the declines in check.Soyoil posted the biggest decline, dropping 1.7 percent on weak demand in the cash market ...

CBOT corn edges lower on positioning ahead of USDA data CHICAGO: Chicago Board of Trade corn futures finished mostly lower in a two-sided session on Friday as investors evened positions before the US Department of Agriculture releases data next week, traders said.Most-active May corn futures reversed from narrow gains and settled lower, still gaining about 1.7 percent for the week. Prices reached roughly a five-week peak on Thursday before turning lower in a bearish "outside day" on the charts. Friday's session low of $3.89-1/4 per ...

Wheat jumps 2pc in rebound ahead of USDA reports CHICAGO: US wheat climbed as much as 2 percent in a bargain-buying bounce on Friday, rebounding after three sessions of steep declines that dragged futures into technically oversold territory. Soybean and corn futures each were lower at the Chicago Board of Trade with investors in all three trading pits squaring their books ahead of the US Department of Agriculture's prospective plantings report due next week.Wheat shed more than 4 percent for the week despite Friday's ...

South Korea's KFA bought 60,000 tonnes corn after rejecting tender offers HAMBURG: The Korea Feed Association (KFA) bought 60,000 tonnes of feed corn in a directly-negotiated purchase after rejecting offers in an international tender for corn which closed on Thursday, European traders said on Friday.The KFA's Busan section purchased the yellow corn at $196.99 a tonne c&f, traders said. The corn can be sourced from optional origins including the United States and South America, traders said. The KFA had also bought 50,000 tonnes of feed wheat ...


 



 
Index Closing Chg%
Arrow DJIA 17,678.23 0.23
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Arrow DAX 11,843.66 0.18
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln