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ROTTERDAM: Asking prices for soymeal on the European meals and feeds market continued firmer on Thursday on hopes that promising Chinese economic data could lead to improved demand and concerns over the pace of soybean planting in South America, which boosted technical buying in Chicago.   * "Chicago firmed on hopes for more Chinese demand and the European cash markets followed. Trade was thin because of All Saints public holiday in most of Europe and buyers that were present were concerned that hurricane Sandy could slow down the growth of the US economy and eventually weigh on prices," one broker said.   * South American soymeal was offered between $3 and $8 a tonne up from Wednesday in sympathy with higher CBOT soymeal futures. Buyers stayed sidelined at the current levels and no deals were reported.   * EU rapemeal was quoted between four and five euros per tonne up from Wednesday in very thin trade, ...


Palm oil firmer on Chinese demand hopes  ROTTERDAM: Palm oil on the European vegetable oil market was offered firmer on Thursday following Malaysian palm oil futures on hopes that encouraging Chinese economic data leads to improved demand.   * Trade was thin as a large part of Europe was closed for All Saints Day and many players were attending the annual FOSFA industry dinner in London.   * "Asking prices were up in the hope that China will be buying more, but buyers were hardly seen ...

US wheat futures rise for second straight day  CHICAGO: US wheat futures rose for the second day in a row on Thursday due to concerns about the US crop as it heads toward dormancy as well as tightening global supplies, traders said.   * Prices for the benchmark Chicago Board of Trade December soft red winter wheat contract peaked at $8.77-1/2, the contract's 50-day moving average, but failed to break through resistance at that key technical level.   * CBOT December wheat has not traded above the ...

CBOT corn down on technical selling  CHICAGO: Chicago Board of Trade corn futures were lower on Thursday on technical selling that began when spot December failed to penetrate resistance at its 50-day moving average of $7.63 per bushel, traders said.   * USDA on Wednesday said US corn harvest was 91 percent complete, above the 87 percent of a week ago and above the 60 percent five-year average.   * Improved weather for the final harvest of US corn and soybean crops is seen for ...

Soybeans rise, for third session, on China economic data  CHICAGO: US soybean futures rose for a third straight day on Thursday, led by strength in Chinese soy markets tied to encouraging economic data that country, the world's biggest soy importer.   Wheat firmed for a second day on worries about global crop weather, but corn turned lower on chart-based selling and concerns about ethanol plants shutting down.   As the Chicago Board of Trade as of 1:40 p.m. CDT (1840 GMT), most-active January soybeans were up 12 cents, ...

Indian soybean hits one month high on global cues  MUMBAI: Indian soybean futures jumped more than 2 percent on Thursday, extending gains for another session to hit their highest level in more than a month, following strong leads in global markets, coupled with aggressive stocking by millers in the domestic market.   Malaysian palm oil futures were up 1.36 percent at 2,530 ringgit per tonne at 0726 GMT and US soybeans rose 1.1 percent to $15.64 per bushel.   "One reason is that international markets are up and ...

China demand hope lifts palm oil futures, stocks weigh  KUALA LUMPUR: Malaysian palm oil futures climbed on Thursday as strong Chinese demand for soybeans fuelled expectations for more edible oil orders in the weeks to come.   Signs of strong China demand have been growing with economic data showing Chinese private sector factories were at their busies in eight months in October. Malaysia's palm oil exports last month were at their highest in a year, driven by a steady flow of Chinese orders as well as ...


 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
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WeeklyJuly 10, 2014
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