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Palm oil slips on investor caution, suffers third monthly loss  SINGAPORE: Malaysian palm oil futures edged lower on Friday and posted their third straight monthly loss, with investors staying cautious after top analysts warned that record high stocks would weigh on prices in the new year.   But losses were limited by a surprise increase in Malaysian exports in November from a month ago, easing concerns that record high stocks would climb further for the month.   Exports rose to 1.66 million tonnes in November from October's 1.61 million, cargo surveyor Intertek Testing Services said on Friday. Another surveyor, Societe Generale de Surveillance, reported November shipments at 1.65 million tonnes, up from last month's 1.57 million.   "The export surprise is likely to limit the downside because end-stocks are going to be flat to slightly lower for November. The market is also taking some time to digest the analysts' comments," said a dealer with a foreign commodities brokerage in Malaysia.   The benchmark February contract on the Bursa ...


Japan Q4 steel output seen down 2pc over China island dispute TOKYO: China's boycotts of Japanese cars over a territorial dispute will shave about 550,000 tonnes, or about 2 percent, off Japan's fourth-quarter steel output, a government survey of steelmakers showed.   Violent protests and calls for boycotts of Japanese products across China in mid-September, after Japan nationalised two disputed islands, caused a drop in sales of Japanese cars there, as well as in domestic car output, in the quarter to December.   Carmakers are the biggest customers of Japan's ...

India sugar steady as weak demand offsets crushing delay  MUMBAI: Indian sugar futures were steady on Friday as subdued demand and higher supplies for the December-to-March period outweighed a delay in cane crushing in Uttar Pradesh, the country's second biggest sugar producing state.   * At 0946 GMT, the key December contract on India's National Commodity and Derivatives Exchange was up 0.12 percent at 3,322 rupees ($60.95)per 100 kg.   * Sugar nudged down 3 rupees to 3,443 rupees per 100 kg at the Kolhapur spot market in ...

China SHANGHAI: China's top maker of copper tubes, Golden Dragon Precise Copper Tube Group, expects 2013 production to rise by 14 percent from a year ago, as signs of an improving economy inspire cautious optimism, boosting orders at home and abroad.   China is the world's top copper consumer, accounting for 40 percent of refined demand last year. But subdued demand following a fall in manufacturing in Europe, its main export market, has led to record stockpiles, squeezing ...

Palm oil slips on investor caution, set for third monthly loss  SINGAPORE: Malaysian palm oil futures edged lower on Friday and were heading for their third straight monthly loss, with investors staying cautious after top analysts warned that record high stocks will weigh on prices in the new year.   But losses were limited by a surprise increase in Malaysian exports in November to 1.66 million tonnes from 1.6 million tonnes seen in October, easing concerns that record high stocks would climb further for the month.   "The export surprise ...

Iron ore at 6-wk low as China demand sags, heads for monthly drop  SINGAPORE: Spot iron ore touched six-week lows as demand from top buyer China declined in tandem with falling steel prices, putting the raw material on course for its first monthly loss in three.   Shanghai steel futures fell to their weakest since September on Friday and have dropped nearly 4 percent this month as China's winter curbed construction activity and the need for steel.   The most active May rebar contract on the Shanghai Futures Exchange was up half ...

Japan Oct crude imports from Iran fall 40.2 pct y/y  TOKYO: Japan's crude oil imports from Iran in October fell 40.2 percent from a year earlier, data from the trade ministry showed on Friday, as Western sanctions kept Japanese refiners from shipping from the Middle Eastern country.   The Islamic Republic is under intense pressure from US and European trade and financial restrictions imposed over its disputed nuclear programme.   The sanctions have led to a sharp drop over the past year in its oil exports, a major source ...


 



 
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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 28, 2014
Reserves $13.582 bln