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Palm prices seen at 6-year lows in H2 if bio-diesel demand stays weak KUALA LUMPUR: Malaysian crude palm oil prices will average 2,260 ringgit a tonne in the first half of 2015, but may drop to more than six-year lows later in the year if demand from the bio-diesel sector does not pick up, leading industry analyst James Fry said.Benchmark palm prices sank almost 15 percent in 2014, partly dragged by a crude oil rout that made palm an unattractive option for blending into bio-diesel.Dubbing it a year of two halves for prices, Fry said palm could drop to an average of 1,770 ringgit ($487) per tonne in the second half - which would be the lowest since early 2009.Weak Southeast Asian crude palm oil output may push Malaysian palm stocks below 1.6 million tonnes in the second quarter, but inventories will climb towards the year end, he told an industry conference in Kuala Lumpur on Wednesday.Copyright Reuters, 2015

US soybeans fall to 1-week low on Brazil strike pause, harvest  CHICAGO: US soybeans fell to a one-week low on Tuesday in a technical selloff sparked by a weakening truckers strike in Brazil and the advancing harvest of what is expected to be Brazil's biggest soy crop ever.Soybean futures trimmed their losses late in the session while corn and wheat each reversed earlier declines to settle mostly higher, lifted by bargain buying and news of another strike, this time by farmers in Argentina.Chicago Board of Trade ...

Gold above $1,200/oz on softer dollar, US rate outlook caps gains LONDON: Gold steadied on Tuesday as the dollar eased against a basket of currencies, helping the metal to recover from early losses that briefly pulled it below $1,200 an ounce.Spot gold was unchanged at $1,206.03 an ounce at 1548 GMT, having dropped by nearly 1 percent to a session low of $1,194.90."Prices ... seem to be forming a nice technical base in the low $1,190s," Deutsche Boerse's MNI senior analyst Tony Walters said.U.S. gold for ...

US soybeans ease on Brazil strike pause, harvest CHICAGO: US soybeans fell as much as 1 percent to a one-week low on Tuesday in a technical sell-off sparked by a dissipating truckers strike in Brazil and the advancing harvest of what is expected to be the country's biggest soy crop ever.Wheat and corn futures were mixed, with support from bargain buying after big declines on Monday even as a strong dollar expanded the competitive disadvantage of US supplies in global markets."As the truckers ...

Copper falls on weak China outlook, nickel near 14-month low LONDON: Copper slid on Tuesday from a seven-week peak hit the previous session and nickel sank to a near 14-month low as optimism over a weekend interest rate cut in top consumer China dissipated and as inventories continue to rise.The main stock indexes in China, which consumes some 45 percent of the world's copper, fell more than 2 percent earlier as regulators' approval of a flood of new initial public offerings prompted worries over tighter ...

EU wheat drifts as market grapples with new futures PARIS: European Union wheat prices were little changed on Tuesday as hesitant trading in Chicago and uncertainty created by Euronext's new premium wheat futures contract left the market without clear direction.May milling wheat, the benchmark on Euronext's main No. 2 contract, settled up 1.25 euros or 0.7 percent at 186.75 euros a tonne, after holding chart support around 185 euros.It drew some strength from traders switching from front-month March futures ahead of their expiry next ...

Palm oil dips slightly after week-long rise PARIS: Palm oil prices on the European vegetable oils market edged lower in late trade on Tuesday after a drop on U.S. soybean markets prompted traders to book their profits gathered over a week-long rise.Malaysian palm oil futures climbed to a more than one-month high on Tuesday, gaining for a fourth straight session, buoyed partly by analyst forecasts of higher imports by top edible oils buyer India at the Palm and Lauric Oils Price Outlook ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln