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India releases 4mn T sugar for Oct-Nov in open market  MUMBAI: India has allowed millers to sell 4 million tonnes of non-levy sugar in October and November, a government statement said on Thursday, higher than the average monthly allocation of around 1.7 million tonnes as the country heads into the peak festive season.   Non-levy, or free-sale sugar, is sold by millers in the open market, but the quantity each mill can sell is fixed by the federal government.   A majority of Indians will celebrate the Dussehra festival in October and Diwali in November.   The government has also released 396,000 tonnes of levy sugar for these two months.   Levy sugar is the quantity that mills sell at subsidised rates to the government for use in the public distribution system.     Copyright Reuters, 2012  

Korea NOFI seeks up to 70,000 T corn for December  SEOUL: South Korea's largest feed maker, Nonghyup Feed (NOFI), is seeking 45,000-70,000 tonnes of corn for late December arrival via tender on Thursday, traders said.   Copyright Reuters, 2012

Palm oil hits new 2-year low on stocks, Europe  SINGAPORE: Malaysian palm oil futures fell to a fresh 2-year low on Thursday, as investors remained cautious over high stocks and the eurozone debt crisis.   Traders said palm oil inventory in No.2 producer Malaysia could climb higher in September after reaching a 10-month high in August, as exports did not rise enough to offset high production.   "The market is hitting new low on continuation of technical selling. Fundamentals are still bearish," said a trader with a foreign ...

China SINGAPORE: China's sugar output will reach 14 million tonnes in the 2012/13 grinding season, a rise of about 22 percent from a year earlier, as farmers increased planting areas and the crop benefited from good weather, Liu Hande, vice chairman of the China Sugar Association, said on Thursday.   China targets sugar output of 16 million tonnes by 2015, in its 12th five-year plan for the food industry, aiming to fill 85 percent of sugar demand from ...

Peru second in world coca production: UN figures  LIMA: Peru is the second largest producer of coca -- the source plant for cocaine -- after Colombia, as measured by the amount of land devoted to the crop, according to UN figures out Wednesday.   The world's production of coca is located exclusively in South America's Andes mountains, overwhelmingly in Colombia, Peru and Bolivia.   In 2011 there were 62,500 hectares of coca in Peru, up from 61,200 in 2010, said Flavio Mirella, of the UN Office on ...

Chinese iron ore mines halt operations on weak prices  DALIAN: Some 40 percent of iron ore mines in China have already suspended operations as a slump in prices have forced them into losses, the Metallurgical Mines Association of China said on Thursday.   Iron ore prices are expected to hover between $90-$110 in the next two years, Liu Xiaoliang, executive deputy secretary general of the association told an industry conference in Dalian.   Copyright Reuters, 2012

Copper recovers from 2-week low on China demand prospects  SINGAPORE: London copper rebounded on Thursday from two-week lows hit in the previous session, as traders betting on fourth quarter recovery in top metals consumer China bought into the weakness, although persistent concerns over European sovereign debt capped gains.   FUNDAMENTALS   Three-month copper on the London Metal Exchange had risen 0.67 percent to $8,1475 a tonne by 0127 GMT, reversing losses from the previous session when it hit two-week lows of $8,082.   Prices, which were down by more than ...


Index Closing Chg%
Arrow DJIA 16,501.65 0.08
Arrow Nasdaq 4,126.97 0.83
Arrow S&P 1,875.39 0.22
Arrow FTSE 6,674.74 0.11
Arrow DAX 9,544.19 0.58
Arrow CAC-40 4,451.08 0.74
Arrow Nikkei 14,546.27 1.09
Arrow H.Seng 22,509.64 0.97
Arrow Sensex 22,876.54 0.52

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln