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Copper pressured weak economic data, supply in focus LONDON: Copper prices fell on Wednesday, under pressure from Chinese inflation data and weak U.S. retail sales and producer prices, though losses were kept in check by a growing consensus that a surplus of the metal will be delayed until next year.China's annual consumer inflation slowed more than expected to 1.6 percent in September, a level not seen since January 2010, further evidence that the world's second-largest economy is cooling but giving more room for policymakers to stimulate growth if needed.On the upside, the global copper market will be in deficit for a fifth straight year in 2014 before switching to a surplus of about 390,000 tonnes next year, an industry group said on Tuesday.The International Copper Study Group (ICSG) had in April forecast a surplus of 400,000 tonnes for 2014, illustrating the trend of copper production often falling short of estimates."I still see more downside this quarter particularly for ...


Vietnam's Sept coffee exports dip 0.4pc on month to 97,300 T HANOI: Vietnam, the world's top robusta producer, exported 97,300 tonnes (1.62 million 60-kg bags) of coffee last month, down 0.4 percent from the previous month, Vietnam customs said on Wednesday.The export volume is slightly below traders' forecasts of between 100,000 and 120,000 tonnes and close to the government's initial estimate of 100,000 tonnes.The September shipment brought Vietnam's coffee exports in the previous 2013/2014 crop year to 1.66 million tonnes, up 17.7 percent from a year ...

Bangladesh tenders to export 25,000 T of sugar to EU DHAKA: Bangladesh Sugar And Food Industries Corp has issued an international tender to export 25,000 tonnes of sugar to the European Union for the first time since 2012, as the state agency is struggling with huge stocks of the sweetener amid rising raw sugar imports by private refiners.The tender closes on Oct. 22, Harun Mia, chief purchasing officer of the state agency, said on Wednesday.The sugar, obtained from locally produced cane, will be exported to ...

TOCOM ends steady as Shanghai offsets slump in oil prices TOKYO: Benchmark Tokyo rubber futures ended steady on Wednesday as an initial rally in the Shanghai contract supported prices that had been weighed down by slumping oil.The Tokyo Commodity Exchange rubber contract for March delivery closed down 0.1 yen at 184.1 yen ($1.7156) per kg, having dropped to as low as 182.8 yen earlier. The contract touched an intra-day high of 184.9 yen."The market started down on weaker oil prices, but it lost a sense ...

US soybeans fall as harvest progresses faster than expected HAMBURG/SYDNEY: Chicago soybean futures fell on Wednesday from a three-week high hit in the previous session after a report from the US Department of Agriculture (USDA) showed the US soybean harvest was progressing faster than expected.Corn also fell after the USDA reported good harvest progress while wheat dropped in the general market weakness."Corn and soybean prices are being pushed down today by the USDA harvest report on Tuesday which showed the US harvest is looking ...

Copper dips on strong dollar, supply in focus LONDON/SYDNEY: Copper prices dipped on Wednesday pressured by a strong dollar, Chinese inflation data and gloom in the euro zone, though losses were kept in check by a growing consensus that a surplus of the metal will be delayed until next year.China's annual consumer inflation slowed more than expected to 1.6 percent in September, a level not seen since January 2010, further evidence that the world's second-largest economy is cooling but giving more room to ...

Palm slips to over 3-week low as crude, soy and weak exports drag KUALA LUMPUR: Malaysian palm oil futures slipped to a more than three-week low on Wednesday, giving up gains made in the previous session as crude and soy oil prices slumped, and as export demand remained lacklustre in the first half of October.Brent crude fell to a fresh 47-month low on Wednesday before recovering to just above $84 a barrel as faltering global growth curbed demand for fuel at a time of heavy oversupply.Soy markets also ...


 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln