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Indian oilseeds, soyoil futures trade flat  MUMBAI: Indian oilseeds and soyoil traded almost steady on Wednesday tailing overseas leads, and prices could fall in coming weeks on lack of demand amid bulging stocks.   The February soybean contract on the National Commodity and Derivatives Exchange (NCDEX) rose 0.18 percent to 3,305 rupees per 100 kg at 0832 GMT, while the soyoil contract was up 0.09 percent at 688.40 rupees per 10 kg.   The January rapeseed contract was flat at 4,226 rupees per 100 kg.   "It is almost steady as even CBOT is trading sideways. Oilseed complex may come down further," said Chowda Reddy, a senior analyst, JRG Wealth Management.   Selling is advised in soyoil at 700 rupees for a target of 695 rupees, said Reddy.   At the Indore spot market in Madhya Pradesh, soyoil was down 0.90 rupees at 706.80 rupees per 10 kg, while soybeans nudged down 4 rupees to 3,313 rupees per 100 kg. At Sri Ganganagar in Rajasthan, rapeseed ...


Copper aims at biggest daily rise in 6 weeks on US fiscal deal  SINGAPORE: London copper rose more than 2 percent on Wednesday, headed for its biggest daily rise since mid-November, as the US Congress struck a deal to avert a fiscal disaster and upbeat China data indicating steady improvement in the world's top copper consumer also boosted prices.   The US Congress approved a tax increase for the nation's wealthiest households in a last-minute deal, ending the US "fiscal cliff" crisis that threatened a US recession and roiled world ...

New York coffee to rise to $1.4925  SINGAPORE: New York March coffee is biased to revisit its Dec. 28 high of $1.4925 per lb, as indicated by a reverse symmetrical triangle.   The pattern is made up of five waves labelled a, b, c, d and e. Four have completed, and the final one - the wave e, has started after coffee bounced up from the lower trendline.   Wave e is expected to touch the upper trendline of the pattern.   A drop below the Dec. 31 ...

Exports of dried fruits decline KABUL: Exports of Afghan dried fruits have decreased by about 200 tonnes since last year, Afghan Raisins, Fruits and Vegetables Export Promotion Agency said.   The Agency said that some businesses export locally grown low-quality fruit or foreign-produced dried fruits, damaging the Afghan brand. Membership of the Agency is optional, so many exporters do not abide by export-quality product standards.   "Optional membership has a negative effect on Afghanistan's exports because lots of low-quality and foreign fruits have been ...

Palm oil gains as US avoids fiscal cliff  SINGAPORE: Malaysian palm oil futures gained on Wednesday as the United States successfully averted a fiscal crisis and as traders look forward to better demand for the edible oil on a lower export tax structure.   Investors were relieved after US lawmakers approved a deal preventing huge tax hikes and spending cuts that would have pushed the world's largest economy off the "fiscal cliff" into recession and hurt global commodity demand.   Market players were also betting on Malaysia's ...

India NEW DELHI: India's sugar output rose 2.5 percent to 7.96 million tonnes in the first three months of the season beginning October, a leading industry body said on Wednesday.   Sugar mills in India, the world's top consumer of the sweetener, is expected to churn out 24 million tonnes in 2012/13, down from 26 million tonnes in the previous year, but higher than about 22 million tonnes of local consumption.   On Oct. 1, 2012, when the current season ...

Asian coal volumes may rise, price may not: Clyde Russell  LAUNCESTON: Coal producers supplying Asia are likely to have a busy year, but that increase in demand won't necessarily translate into much higher prices.   The price of spot coal at Australia's Newcastle port , the regional benchmark, recovered 14 percent from a near three-year low in the last two months of the year to end 2012 at $92.25 a tonne.   But this was still down 20 percent over the whole of 2012, making coal one of the ...


 



 
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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 25, 2014
Reserves $13.925 bln