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China Dec cotton imports at 264,500 T, down 57pc y/y: industry website BEIJING: China imported 264,500 tonnes of cotton in December, down 57 percent from the corresponding month a year ago, said industry website, citing customs data.The country imported 2.4 million tonnes of the fibre for the full year 2014, down 41 percent, after the government issued fewer import quotas to mills.Copyright Reuters, 2015

Palm ends lower on bleak global outlook, weather worries supports KUALA LUMPUR: Malaysian palm oil futures ended lower in choppy trade on Monday, reversing gains made in the morning session on concerns that a gloomy global economic outlook will weaken prices.The benchmark contract had risen in early trade to touch 2,336 ringgit as wet weather lifted expectations that January output could be lower than expected, following flood warnings from Malaysia's weather bureau for parts of its top growing regions of Sabah and Sarawak."On the local ...

Weak El Nino unlikely to disrupt Southeast Asia palm oil supply KUALA LUMPUR: The weak El Nino conditions expected over the next three months are unlikely to disrupt palm oil output in Southeast Asia, the source of most of the world's supply, the head of a palm research company said on Monday.Ling Ah Hong, director at Malaysia-based plantation research company Ganling Sdn Bhd said that while it is still possible for El Nino to emerge in the first quarter of the year, it will be weak ...

Shanghai Gold Exchange to launch options trade on trial basis SINGAPORE: China will soon launch gold options on a trial basis on the Shanghai Gold Exchange (SGE) to boost its bid to develop a viable bullion price benchmark, the bourse said on its website.China currently bans trading in commodity options to limit speculation, but allowing participants to test options trade indicates its openness to altering that rule.The Shanghai Futures Exchange has been running simulated options trade for gold and other commodities since late 2013.The state-run ...

Nicaragua coffee exports jump 84pc in December MANAGUA: Coffee exports from Nicaragua rose 84 percent in December compared with the same month during the previous cycle to total 47,746 60-kg bags, the national export center Cetrex said on Friday.Shipments during the first three months of the current 2014/2015 harvesting season totaled 178,210 bags, up 79 percent compared with the same three-month period during the previous 2013/2014 season.The coffee crop in Nicaragua is expected to rise 7 percent in the 2014/2015 season compared ...

Egypt has enough wheat until mid-May CAIRO: Egypt's stock of wheat for its subsidised bread programme will last until the middle of May, Supplies Minister Khaled Hanafi said in a statement on Saturday.Egypt has bought at least 3.085 million tonnes of wheat on the international market since July 1, the start of the fiscal year.It purchased 5.46 million tonnes of wheat from overseas in the 2013-2014 fiscal year in addition to 3.7 million tonnes of local wheat.The country aims to cut ...

Coffee tumbles for second straight day, cocoa down on data NEW YORK/LONDON: Arabica coffee futures on ICE tumbled for the second straight day on Friday, as a forecast for much-needed rain in top grower Brazil spurred follow-through selling, while cocoa extended losses on weak processing data in Europe and North America. Raw sugar turned slightly lower after extending the prior session's surge to a five-week peak as technical buying dried up. The US softs markets will shut on Monday for the Martin Luther King, Jr. ...


Index Closing Chg%
Arrow DJIA 17,678.70 0.03
Arrow Nasdaq 4,771.76 0.29
Arrow S&P 2,057.09 0.26
Arrow FTSE 6,852.40 0.29
Arrow DAX 10,798.33 1.40
Arrow CAC-40 4,675.13 0.74
Arrow Nikkei 17,468.52 0.25
Arrow H.Seng 24,909.90 0.24
Arrow Sensex 29,278.84 0.94

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln