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Palm edges up on weak ringgit, gains in competing vegetable oils JAKARTA: Malaysian palm oil futures inched up on Monday as weakness in the ringgit and gains in competing vegetable oils encouraged buying.The benchmark June contract on the Bursa Malaysia Derivatives Exchange rose 0.14 percent to 2,131 ringgit ($575) a tonne. Total traded volume stood at 46,208 lots of 25 tonnes, above the usual 35,000 lots."The market is up on the back of the weak ringgit, better export prospects, strong soy oil and positive Dalian market," said a trader with a foreign commodities brokerage in Kuala Lumpur. "Prices are range-bound from 2,100 to 2,200 (ringgit)."The ringgit fell 1 percent to 3.7040 per dollar, its weakest since April 1, as interbank speculators and leveraged funds sold the Malaysian currency.A weak ringgit can make palm prices effectively cheaper for overseas buyers.A leading vegetable oil analyst's negative outlook for palm prices did not dampen trading on Monday.Palm prices will likely trade between 2,100 ringgit ...


China soybean imports expected to rise sharply, soymeal demand weak BEIJING: China's monthly imports of soybeans in May, June and July are expected to rise to between 6.5 million and 7. 5 million tonnes, marking an increase of at least 45 percent from March, a senior trader said on Monday.Domestic demand for soymeal, however, is likely to stay weak for at least the next three months, Guo Feng, general manager with the state-owned Chinatex Edible Oil Co. Ltd, told an industry conference in Beijing.China, the ...

Gold slips as dollar gains and US rate worries drag LONDON: Gold dropped for a fourth session in five on Monday, drifting almost 1 percent below $1,200 an ounce as the dollar firmed after fresh comment from Federal Reserve officials that the central bank could look at raising U.S. interest rates soon.Fed official Jeffrey Lacker on Friday repeated his call for the U.S. central bank to consider raising rates in June and said there is no shame in adjusting them lower again if economic data ...

RUBBER-TOCOM rises on higher oil prices; weak China data caps gain TOKYO: Benchmark Tokyo rubber futures climbed for a second session on Monday, supported by a rise in oil prices, but gains were capped by weak trade data in the world's top buyer China, dealers said.The Tokyo Commodity Exchange (TOCOM) rubber contract for September delivery finished 2.7 yen, or 1.4 percent, higher at 198.7 yen ($2) per kg. "The market began with a positive tone, helped by higher oil prices last Friday, and a gain in ...

China orders 2mn tonnes of Ukraine corn so far in 2015 SHANGHAI: China has ordered about 2 million tonnes of corn from Ukraine this year so far, two industry sources said, well above an earlier estimate of 600,000 tonnes.The corn was booked under a loan-for-grains deal signed between the two countries in 2012.Copyright Reuters, 2015

Brazil gov't raises soy forecast by 1mn tonnes SAO PAULO: Brazil's government crop supply agency Conab raised its forecast for the mostly harvested 2014/15 soybean crop to 94.28 million tonnes from 93.26 million tonnes in March on Friday, the first time it had raised the estimate since January. Conab also raised its overall corn estimate to 78.99 million tonnes from 78.21 million tonnes a month earlier, estimating a first harvest of 30.30 million tonnes and a second one of 48.69 million tonnes. Copyright ...

RUBBER-TOCOM ends up; posts 4pc weekly loss TOKYO: Benchmark Tokyo rubber futures closed up for the first time in three days on Friday, but posted a 4 percent loss for the week as market fundamentals stayed weak reflecting oversupply and worries over further weakening in Chinese demand, brokers said.Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, and Shanghai futures have been grappling with dwindling prices, as sellers opted to hold on to stocks rather ...


 



 
Index Closing Chg%
Arrow DJIA 17,826.30 1.54
Arrow Nasdaq 4,931.82 1.52
Arrow S&P 2,081.18 1.13
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Arrow DAX 11,688.70 2.58
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Arrow H.Seng 27,653.12 0.31
Arrow Sensex 28,442.10 0.78





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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyApril 16, 2015
Reserves $16.818 bln