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Asia Q1 cocoa grinding drops 9.3pc y/y SINGAPORE: Cocoa grinding in Asia slid in the first quarter from a year ago, but rose marginally as compared with the October-December period, industry data showed on Friday. Grinding in Asia, the world's top cocoa processing region, fell 9.3 to 144,738 tonnes over January to March, but rose 2.4 percent from the preceding three-month period, data from the Cocoa Association of Asia (CAA) showed.The CAA groups grinders in Malaysia, Singapore and Indonesia. "The market consensus was 4-6 pct drop, so 9.3 percent is bigger than what we expected," said a Kuala Lumpur-based trader. "We are looking at a few new developments, in Ivory Coast there's a bit of weather risk, the weather is getting drier. If the dry weather persists in Ivory Coast, most likely cocoa prices may gain a bit of support." In New York, the July cocoa contract rose for a third session on Friday, gaining 1.4 percent ...


Corn set for biggest weekly loss since Jan; US planting eyed SINGAPORE: Chicago corn slid for a fifth straight session on Friday and was set for its biggest weekly loss in nearly three months, hurt by expectations of rapid planting in the United States and fears of reduced demand following a bird flu outbreak.Soybeans are on track for a second week of gains as the market was underpinned by a trucker strike in Brazil that could delay shipments.Chicago Board Of Trade May soybeans are up 1 ...

Gold rises from three-week low on soft US dollar NEW YORK/LONDON: Gold rose from a three-week low on Thursday, following its biggest drop in over a month on Wednesday, as the dollar retreated on weaker-than-expected U.S. economic data.Spot gold was up 0.8 percent at $1,197.35 an ounce by 2:31 p.m. EDT (1831 GMT), after touching its lowest since April 1 at $1,183.65.Commodities were broadly higher as oil touched its highest price this year. The bellwether Thomson Reuters/Core Commodity CRB index rose over 1 percent.Gold ...

ICE raw sugar prices rise most in three weeks on weaker dollar NEW YORK/LONDON: Raw sugar futures rose in their sharpest single-session gains in three weeks on Thursday, boosted partly by a weaker U.S. dollar as the market extended its rebound following a sharp setback in prices during the last few days.Arabica coffee on ICE Futures U.S. fell the most in two weeks on technical selling, while cocoa inched up.May raw sugar gained 0.43 cent or 3.4 percent to settle at 13.09 cents a lb, its largest ...

EU wheat price climbs on strong exports, weather concerns LONDON: European wheat prices edged higher on Thursday, supported by healthy EU export volumes, a bounce in Chicago and caution about crops entering the crucial spring growth period.May milling wheat, the benchmark on Euronext's main No. 2 wheat contract, closed 1.50 euros or up 0.8 percent at 185.00 euros a tonne.The EU reported 679,000 tonnes of weekly export licences for soft wheat, keeping the bloc on course to beat last season's record."We have a very ...

Corn touches one-month low, soy slips on bird flu concern CHICAGO: US corn futures touched a one-month low on Wednesday and soybeans dropped on concern that a bird flu outbreak in the United States may cut feed demand, as forecasts for favorable U.S. planting weather in coming weeks also weighed on prices.Wheat was slightly lower as early short covering support faded in light trading.Chicago Board of Trade May corn fell 1/2 cent to $3.72-1/2 a bushel after earlier hitting a low of $3.69-1/4, the lowest ...

Arabica coffee climbs to two-week high, raw sugar rebounds NEW YORK/LONDON: ICE arabica coffee futures pared advances after hitting a two-week high on Wednesday, as a stronger Brazilian real supported and buy-stops exaggerated gains, and raw sugar recovered most of the previous day's losses on the currency move and demand hopes.Second-month July arabica coffee on ICE Futures U.S. closed up 0.95 cent, or 0.7 percent, at $1.4365 per lb, paring gains in a late-session selling spree after hitting $1.4725.The Brazilian real touched is strongest ...


 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 04, 2015
Reserves $17.491 bln