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Indonesia coffee, cocoa, rubber production seen increasing in 2014 JAKARTA: Indonesia, the world's third-largest coffee producer, is expected to produce 711,000 tonnes of coffee beans this year, an agriculture ministry official said on Thursday, up 2.9 percent from the 691,000 tonnes produced in 2013. Indonesia's cocoa bean production is expected to climb to 817,000 tonnes this year, up 14.7 percent from the 712,000 tonnes produced in 2013, Azwar Abubakar, who oversees production of coffee and cocoa at the ministry, told reporters. Natural rubber output in Southeast Asia's largest economy is seen increasing this year to 3.2 million tonnes, up slightly from 3.1 million tonnes produced in 2013, said Herdrajat Natawijaya, director of perennial crops at the ministry. Indonesia's white sugar output will reach 2.5 million tonnes this year, below the previous government estimate of 2.9 million tonnes because of effects from the El Nino weather phenomenon, said Gamal Natsir, director general of plantation crops."There is still wet weather up ...


LME aluminium to approach $1,999 again SINGAPORE: LME aluminium is expected to approach a resistance at $1,999 per tonne again, to complete a wave c. This is the third wave of a three-wave cycle that developed from the June 12 low of $1,836, it may travel the same distance as the preceding wave a, to arrive at $1,999, a 100 percent projection level. A break above $1,999 will confirm an extension of the wave c towards $2,038, the 123.6 percent projection ...

Gold above $1,300 on bargain-hunting; interest rate fears linger SINGAPORE: Gold ticked higher on Thursday to trade just above $1,300 an ounce as buyers emerged after a recent sharp drop in prices, but it was still near a four-week low as investors weighed the possibility of a sooner-than-expected hike in US interest rates.Gold has been under pressure after Federal Reserve Chair Janet Yellen said on Tuesday the US central bank could raise rates earlier or faster if hiring and wages take off in an ...

Spot gold targets $1,312 SINGAPORE: Spot gold may break a resistance at $1,305 per ounce and rise more to $1,312.A rebound from the July 15 low of $1,291.70 has not completed as it may extend into a range of $1,312-$1,318, formed by the 38.2 percent and the 50 percent Fibonacci retracements on the fall from the July 10 high of $1,345 to $1,291.70.Wave pattern shows that the rebound has been driven by a wave (2), the second wave of ...

LME copper to test support at $7,025 SINGAPORE: LME copper is expected to test a support at $7,025 per tonne, a break below which will lead to a further loss to $6,891. The support is provided by the 61.8 percent Fibonacci retracement on the fall from the Jan. 2 high of $7,460 to the March 19 low of $6,321. It will temporarily block the way towards the 50 percent level at $6,891, as copper seems to have topped around $7,191, the 76.4 ...

Corn bounces away from contract low; soybeans and wheat also up SINGAPORE/HAMBURG: US new-crop corn futures rose on Wednesday in a rebound after sharp falls including a fresh contract low hit a day earlier, but expectations of near-record crops in the United States limited gains.Soybeans rose as Chinese purchasing underpinned the market, while wheat firmed on bargain buying.Chicago Board of Trade December corn gained 1.05 percent to $3.85-3/4 a bushel by 1057 GMT, having slid 1.7 percent on Tuesday, when prices hit a contract low of ...

Arabica coffee steady near 5-month low, sugar eyes expiry LONDON: Arabica coffee futures consolidated on Wednesday after dropping to a five-month low in the prior session, while sugar steadied, with dealers expecting a moderate delivery against expiry of a white sugar contract.Cocoa futures were little changed, as the trade awaited North American grind data due on Thursday, with estimates ranging from flat to up 3 percent.Arabica coffee futures inched up in a technical correction to Tuesday's losses.Benchmark September arabica futures on ICE traded up ...


 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln