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Brazil robusta drawdown from Europe warehouses seen in 2016 LONDON: A glut of Brazilian robusta coffee in European warehouses is expected to begin easing in the second quarter of 2016, traders said, as an accrual of age penalties cuts prices. A large volume of the robusta, also known as "conillon", was tendered from late 2014 on the Intercontinental Exchange (ICE) after a bumper crop. That has created a challenge for European roasters that had turned increasingly to Asian beans as Brazil's domestic coffee consumption rose.Total robusta stocks in ICE-certified warehouses have surged more than 60 percent over the past year, reaching 201,160 tonnes as of Nov. 22. The conillon stocks remain too expensive to draw down now, traders said -- but their willingness to buy will increase when price penalties make them competitive against alternative supplies purchased at origin. "From the second quarter of next year, the conillon should give origin supplies a run for their money," a senior ...

US winter wheat seen 53pc good/excellent CHICAGO: The US government's rating of the domestic winter wheat crop was seen improving to the best of the marketing year following rains in the US Plains and Midwest last week, according to a Reuters poll.Good to excellent ratings for winter wheat were seen at 53 percent as of Sunday, Nov. 22, up one percentage point from a week earlier, based on the average of estimates given in a Reuters poll of six analysts.Estimates were ...

Palm oil falls on high stocks, slow export demand KUALA LUMPUR: Malaysian palm oil futures fell for a third session in a row on Monday, with buying interest dampened by high inventories and expectations of soft export demand.The February benchmark palm oil contract on the Bursa Malaysia Derivatives Exchange fell 0.3 percent to 2,284 ringgit ($531.04) a tonne at the close of trade."People still feel that stocks are too high. For this month at end-November they are expecting stocks at similar levels, putting a ...

Gold drops towards 6-year low on dollar, US rate hike view LONDON: Gold fell on Monday towards the near six-year low it reached last week on a robust dollar and upbeat comments from Federal Reserve officials on a possible U.S. rate hike next month.Spot gold was down 0.8 percent at $1,069.02 an ounce by 1029 GMT, down for a 13th session in the 16 trading days this month. The metal hit $1,064.95 last week, the lowest since February 2010.The dollar rose 0.3 percent against a basket ...

Ivorian cocoa arrivals seen at 441,000 tonnes by Nov. 22 ABIDJAN: Cocoa arrivals at ports in top grower Ivory Coast reached around 441,000 tonnes by Nov. 22 from the start of the season on Oct. 1, exporters estimated on Monday, up from 408,000 tonnes in the same period of the previous season. Exporters estimated around 54,000 tonnes of beans were delivered to the West African state's two ports of Abidjan and San Pedro between Nov. 16 and 22, down from 66,000 tonnes during the same ...

South Korea's EWP seeks 520,000 tonnes/Y coal for 2016-2020 SEOUL: Korea East-West Power Co Ltd (EWP) is seeking 520,000 tonnes per year of steaming coal with a minimum net calorific value of 5,300kcal/kg via a term tender, the utility said on its website on Thursday.The tender for the delivery starting from February 2016 through June 2020 will close at 11 a.m. (0200 GMT) on Nov. 26, the utility said in a statement.Copyright Reuters, 2015

Spot gold signals mixed SINGAPORE: Signals are mixed for spot gold, as it is consolidating around support at $1,076 per ounce.Support is provided by the 50 Fibonacci projection level of a downward wave C, the third wave of a three-wave cycle from the Jan. 22 high of $1,306.20.A narrow range has been formed by the Nov. 18 low of $1,064.95 and the Nov. 20 high of $1,087.41.A fall below $1,087.41 could confirm the extension of the wave C towards ...


Index Closing Chg%
Arrow DJIA 17,798.49 0.08
Arrow Nasdaq 5,127.52 0.22
Arrow S&P 2,090.11 0.06
Arrow FTSE 6,375.15 0.28
Arrow DAX 11,293.76 0.24
Arrow CAC-40 4,930.14 0.32
Arrow Nikkei 19,883.94 0.30
Arrow H.Seng 22,068.32 1.87
Arrow Sensex 26,128.20 0.65

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
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Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln