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Palm oil eases on increased stocks ROTTERDAM: Palm oil on the European vegetable oils market eased slightly on Thursday following MPOB supply/demand data and Chinese soybean cancellations weighed on most other products."Malaysian palm oil stocks were slightly up as output exceeded demand in March, which weighed on prices on the European cash market. Wednesday's USDA supply/demand data was initially slightly bullish, but strength swiftly vanished because of profit taking and talk about Chinese cancellations of US and Brazilian soybean contracts," one broker said.Palm oil was offered between unchanged and $7.50 a tonne down from Wednesday after Malaysian palm oil futures closed between six ringgit per tonne up and six ringgit down, pressured by bearish MPOB stocks but losses were limited by slightly stronger Malaysian palm oil exports during the first 10 days of April. At 1730 GMT CBOT soyoil futures were between 0.44 and 0.52 cents per lb down on profit taking following Wednesday's gains and ...


Mali gives gold permits to five mining firms: government official BAMAKO: Mali has granted gold permits to five companies to operate and extract from gold mines with total reserves of 9.7 million ounces, a senior official in the ministry of mines told Reuters on Thursday.The companies given permits are Papillon Resources, Robex Resources, New Gold Mali SA, Glencar Mining and Etruscan Resources, Hassimi Sidib?, technical advisor in the ministry, said.Mali is Africa's third largest gold producer. Copyright Reuters, 2014

Soymeal eases with CBOT on technical selling ROTTERDAM: Soymeal on the European meals and feeds market was offered mostly easier on Thursday, tracking CBOT soymeal futures, which eased on technical selling and because of talk about China defaulting on soybean contracts."After Chicago was bullish on the USDA supply/demand data, the market eased on profit taking and China cancelling a substantial amount of soybeans, which kept buyers on the European cash market on the sidelines," one broker said.South American soymeal was mostly offered ...

Argentine soy harvest progresses despite heavy rains: exchange BUENOS AIRES: Argentina's soy harvest progressed over the last week despite heavy rains that battered parts of the Pampas farm belt, the Buenos Aires Grains Exchange said in a report on Thursday.The country, the world's top exporter of soymeal and soyoil, as well as the No. 3 supplier of raw beans, is expecting a record crop of at least 54 million tonnes."The storm front interrupted harvesting but at different times and in different areas, which ...

Gold extends rally after Fed minutes as stocks tumble NEW YORK/LONDON: Gold rose to its highest price in more than two weeks on Thursday, boosted by a sharp pullback in U.S. equities and follow-through buying a day after minutes from the Federal Reserve's latest policy meeting revealed its cautious approach in future interest-rate hikes.Gold came uncoupled in the afternoon from U.S. equities, stalling even as the S&P 500 index accelerated losses. The S&P, which fell 2 percent for the day, has given back all ...

CBOT corn edges lower on technical selling CHICAGO: U.S. corn futures were narrowly lower on Thursday, pressured by technical selling even as the potential for planting delays due to rain and frost in the Midwest continued to underpin prices, traders said.Benchmark Chicago Board of Trade May corn futures eased for the second straight session as investors took profits following the rise to a seven-month high on Wednesday.The U.S. Agriculture Department reported export sales of U.S. corn in the latest week at 658,700 ...

ICE Canada canola snaps 3-day winning streak WINNIPEG: ICE Canada canola futures dipped on Thursday, pulling back after a three-day rally on profit-taking and weaker soybean markets.News of Chinese defaults on purchases of U.S. and Brazilian soybeans pressured U.S. soy futures, spilling over to canola.Transportation of crops from Canadian elevators to ports has improved, causing a bump in prices this month.May canola lost $3.60 at $469.50 per tonne.July gave up $3.60 to $479 per tonne.July-November spread widened to a November premium of ...


 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln