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Vietnam coffee prices drop, but well-supplied buyers hold back HANOI: Vietnamese coffee prices have fallen slightly, tracking prices globally, but trade was subdued as sellers held back stocks and buyers were already well supplied, traders said on Tuesday.Robusta beans edged down to 37,900-38,900 dong ($1.79-$1.84) per kg in Vietnam's Central Highlands coffee belt from 38,000-39,000 dong on Monday, after London's November robusta contract closed down 0.3 percent at $1,956 a tonne.The beans stood at 38,800-39,500 dong per kg last Tuesday."The market has been quiet over the past few days because of falling prices," said a trader from a foreign firm operating in Vietnam.Buyers were bidding $20-$80 lower than the offer prices of sellers, whose stockpiles were not high enough to trigger any significant offloading, traders said."The low price has also prompted farmers to hold back stocks, given estimations that they have only about 10 percent of cherries in their warehouses," another trader said.Vietnam may still have more than 3 ...


NY cocoa faces resistance at $3,270 SINGAPORE: New York December cocoa faces resistance at $3,270 per tonne, a break above which will lead to a further gain to $3,284.The resistance is at the 223.6 percent Fibonacci projection level of an upward wave C that started at the July 16 low of $3,051. This wave has much extended and may travel to $3,284 or $3,308, respectively the 238.2 percent and the 261.8 percent projection levels.However, these two targets could only be confirmed ...

Prompt sugar stuck below NY futures, ample supply weighs SINGAPORE: Thai raw sugar for prompt delivery held below New York futures this week as buyers turned their backs on the physical market and waited for discounts to widen further, dealers said on Tuesday.Second-largest exporter Thailand is facing stiff competition from rival Brazil and is struggling to sell millions of tonnes of sugar after harvesting a record 11 million tonnes in the just-ended 2013/14 seasonThai high polarisation, or hipol, raws stood at discounts of 20 ...

Gold ticks up but shares, dollar cap gains; palladium near 13-year high LONDON: Gold snapped a two-day losing streak on Tuesday as the market continued to monitor international political tensions, but gains were kept in check by a steadier dollar and buoyant equities after upbeat U.S. data.Palladium steadied near a 13-year high of $900 an ounce hit in the previous session, supported by worries over supplies from top producer Russia and strong demand prospects. Prices were up 0.3 percent at $891.50."The palladium market is likely to pause ...

Copper steady as US economic health offsets China concerns LONDON: Copper prices steadied on Tuesday, as encouraging signs from the U.S. economy offset concerns about top consumer China's struggling property sector and the outlook for industrial metals demand.Three-month copper on the London Metal Exchange (LME) traded at $6,910.75 a tonne at 1019 GMT, up 0.1 percent from Monday's close.U.S. homebuilding stocks rose on Monday, boosted by data that showed homebuilder sentiment rose in August to its highest level since January.In contrast, China's new home ...

Palm hits new lows as fundamentals pull prices further JAKARTA: Malaysian palm oil prices sank to their lowest levels in almost five years on Tuesday as declining crude and soybean oil prices pushed them down.By Tuesday's close, the benchmark November contract on the Bursa Malaysia Derivatives Exchange had shed 1.05 percent to 2,066 ringgit ($655) per tonne, its lowest since October 2009. Total traded volume stood at 40,824 lots of 25 tonnes, above the daily traded average of 35,000 lots."The market is down and ...

Gold lower on strong shares, dollar keeps it around $1,300/oz LONDON: Gold edged lower on Monday as European shares rebounded on easing tensions in Ukraine, but a flat dollar and depressed U.S. Treasury yields limited losses and kept the metal's prices around the $1,300 mark.Russia's foreign ministry said on Monday "certain progress" was achieved during talks between Russia, Germany, France and Ukraine in Berlin on Sunday about ways to end the military conflict in eastern Ukraine.Spot gold fell 0.3 percent to $1,300.00 by 1158 GMT, ...


 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 15, 2014
Reserves $14.264 bln