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Indonesia coffee flowers early but bumper crop not certain SINGAPORE: Coffee flowers blossomed one month earlier than usual in Indonesia, but the lack of other signs pointing to a bumper crop in the next harvest year have checked losses in global robusta prices, dealers said on Wednesday. London robusta futures will be sensitive to supply changes in the next few months, especially when Indonesia and Vietnam start to compete for buyers early next year. Output in top robusta producer Vietnam is expected to be down slightly in the 2014/2015 crop year from the previous year's record output. Erratic rains in Indonesia's main growing island of Sumatra have brought forward the flowering season to July from August, triggering some speculation that output in the third-largest producer could rebound in the crop year starting April 2015.Robusta futures have risen more than 20 percent this year, but the gains have been mostly driven by rallies in New York arabicas. "There's a chance ...


Malaysia's Sept 1-10 palm oil exports up 40.6pc m/m KUALA LUMPUR: Exports of Malaysian palm oil products for Sept. 1-10 rose 40.6 percent to 487,955 tonnes from 347,094 tonnes for Aug. 1-10, cargo surveyor Intertek Testing Services said on Wednesday. Copyright Reuters, 2014

China steel, iron ore futures hit record lows; Goldman sees end of Iron Age SINGAPORE: Benchmark steel and iron ore futures in China fell to historic lows on Wednesday, putting more pressure on spot iron ore prices that have dropped to a five-year low amid a deep supply glut.Iron ore prices have slumped 38 percent this year as growth in supply from low-cost global miners outstripped the increase in demand from top buyer China, prompting Goldman Sachs to warn that iron ore has entered a new phase."In our view, ...

Gold struggles near 3-month low on Fed rate hike fears SINGAPORE: Gold was steady near $1,255 an ounce on Wednesday, holding close to a three-month low, as speculation over an early US interest rate hike strengthened the dollar and dulled bullion's appeal.Spot gold was little changed at $1,256.49 an ounce by 0338 GMT. It fell to $1,247.15 on Tuesday, its lowest since June 6, before paring losses to close up 0.04 percent.The dollar index was holding near 2013 highs on Wednesday, after a Federal Reserve ...

Argentina 2014/15 corn planting area seen shrinking 16pc BUENOS AIRES: Argentina's farmers will reduce the country's corn planting area for the 2014/15 season by 16 percent compared with the previous season as high inflation fuels production costs, the Rosario grains exchange said on Tuesday. The Rosario exchange estimated farmers in the world's No. 3 supplier of corn would sow 3.7 million hectares (9.1 million acres) of corn, down 700,000 from the 2013/14 season. The exchange also confirmed its estimate for Argentina's 2014/15 wheat ...

Malaysia buys 200,000 tonnes of rice from Thai exporters, in talks to buy more BANGKOK: Malaysian's state procurement body, BERNAS, has bought 200,000 tonnes of Thai rice via private deals from Thai exporters for prompt shipment, exporters said on Wednesday. BERNAS is also in talks to buy another 200,000 tonnes of rice from Thai government stocks on a government-to-government deal, traders said. "BERNAS's representatives are due to be in Bangkok over the next few weeks to talk about further details to buy Thai rice via governmental channel," said a ...

Malaysia buys 200,000 tonnes of rice from Thai exporters BANGKOK: Malaysia's state procurement body, BERNAS, has bought 200,000 tonnes of Thai rice via private deals from Thai exporters for prompt shipment, exporters said on Wednesday. The rice was fresh grains from the current 2014 off-season crop, which was harvested during July/August and kept in private exporters' warehouses. It was not from the government stocks.Thailand grows rice throughout the year. Its off-season crop, or third-smallest crop, is grown mostly in well irrigated areas in the ...


 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 11, 2014
Reserves $13.415 bln