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NY sugar to test resistance at 19.87 cents in 3 months SINGAPORE: New York sugar is poised to test a resistance at 19.87 cents per lb over the next three months, as its correction from the March 6 high of 18.47 cents could have completed.The correction has lasted more than three months, and adopted a flat mode, which indicates the preceding uptrend from the January low of 14.70 cents could continue.The uptrend started after a big wave C completed around a support at 16.17 cents, its 100 percent level. This is the third wave of a three-wave cycle that developed from the February 2011 high of 36.08 cents.This support has been strengthened by another one at 16.48 cents, the 61.8 percent Fibonacci retracement on a preceding uptrend from the May 1999 low of 4.36 cents to 36.08 cents.These two supports make a support zone which has been tested twice and still holds firm, indicating a bottom could have formed at 14.70 ...

Asia Rice: Thai prices climb to 3-month highs as supply tightens BANGKOK: Checks by the military government in Thailand on its rice stocks have halted the flow of the grain from state warehouses to the market, pushing Thai rice prices to three-month highs though demand was subdued, traders said on Thursday. The military, which seized power in May, has said it will make elaborate checks on rice stockpiled through a controversial procurement scheme launched by former Prime Minister Yingluck Shinawatra in 2011, on concerns about theft ...

India's 2014/15 edible oil imports seen 5.4pc up MUMBAI: India's edible oil imports are expected to increase 5.4 percent to 11.7 million tonnes in 2014/15, an industry expert said on Thursday. "Rise in demand due to population increase and an expected lower oilseeds production due to this year's weak monsoon are likely to push cooking oil imports next year," Govindbhai Patel, a trade expert from India's western city of Rajkot, said at a palm oil conference in Mumbai. He also said India, the ...

CBOT wheat to rebound towards $7.48 in 3 months SINGAPORE: CBOT wheat is expected to rebound towards $7.48 per bushel over the next three months, as indicated by its wave pattern and a Fibonacci retracement analysis.The rebound from the Jan. 29 low of $5.50 could extend into three waves. The second wave, the current wave b, may bottom around a support at $5.48-1/2, the 76.4 percent Fibonacci retracement on the rise from the June 9, 2010 low of $4.25-1/2 to the July 23, 2012 ...

China iron ore, steel hit 1-month high on better economic outlook SINGAPORE: Iron ore and steel futures in China rose on Thursday to their highest level in nearly a month, with iron ore climbing as much as 3.5 percent, supported by a better outlook for the world's No. 2 economy.Spot iron ore prices also pulled further away from 21-month lows reached last week as traders snapped up cargoes, betting that the beaten-down market may have hit a bottom, having fallen more than 30 percent this year."Some ...

Dry weather hasten Brazil sugar output, hurts maturing crop: Unica SAO PAULO: Brazil's main center-south cane crop produced 2.33 million tonnes of sugar in the first half of June, on the high end of market expectations and up from 2.03 million tonnes in late May, the main sugar and ethanol lobby Unica said on Wednesday.In its biweekly harvest report, Unica said clear weather over the past few weeks had helped sugar output in the center-south, which surpassed last year's output of 1.80 million tonnes during ...

Tokyo futures inch up on technical buys, lower stockpiles in China TOKYO: Benchmark Tokyo rubber futures inched up on Wednesday as investors switched their positions to new benchmark contracts, while lower stockpiles in the world's biggest consumer, China, also supported sentiment, dealers said.The new benchmark rubber contract on the Tokyo Commodity Exchange (TOCOM) for December delivery ended up 0.8 yen from its opening price of 219.4 yen ($2.15) per kg."The rise was mainly due to technical buying of the new December contracts, switching from November ones," ...


Index Closing Chg%
Arrow DJIA 17,798.49 0.08
Arrow Nasdaq 5,127.52 0.22
Arrow S&P 2,090.11 0.06
Arrow FTSE 6,375.15 0.28
Arrow DAX 11,293.76 0.24
Arrow CAC-40 4,930.14 0.32
Arrow Nikkei 19,883.94 0.30
Arrow H.Seng 22,068.32 1.87
Arrow Sensex 26,128.20 0.65

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln