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India's soymeal exports plunges in Aug, weak outlook until Dec NEW DELHI: Indian soymeal exports plummeted in August and are expected to remain weak until the year end, when new crop arrives, as poor supplies and high prices of the animal feed drive traditional buyers away from the leading Asian supplier. Soymeal exports, which share nearly two-thirds of India's annual oilmeal exports, dropped 58 percent to 2,778 tonnes in August from a month ago, the Solvent Extractors' Association of India (SEA) said in a statement on Friday. Exports of the animal feed plunged 84 percent to 110,159 tonnes during the five-month period from April from a year earlier, the SEA data showed. "The weak trend in soymeal exports is likely to continue till the new soybean crop arrives in local markets," said B.V. Mehta, executive director of SEA. Traders said poor supplies of soybeans for crushing in local markets in India would keep soymeal prices higher compared with other origins ...


NY cocoa to fall to $3,087 SINGAPORE: New York December cocoa is expected to drop to $3,087 per tonne, as it has broken below a support at $3,137. The support was provided by the 38.2 percent Fibonacci retracement on the rise from the May 12 low of $2,874 to the Aug. 27 high of $3,300. The next support will be at $3,087, the 50 percent retracement. A sudden surge above $3,137 could signal a false break below this level, and the ...

Gold edges off near 3-month low ahead of US jobs data LONDON: Gold prices recovered from near three-month lows on Friday as a stock market rally sparked by a European Central Bank rate cut ran out of steam, but gains were capped ahead of key US payrolls data later in the day.The metal hit its weakest since mid-June earlier on Friday at $1,256.90 an ounce, and remains on track to end the week lower on the back of rising equities and signs that the US economy ...

Buying picks up as price drops; Indian festive demand eyed SINGAPORE/MUMBAI: Asian gold demand picked up slightly this week as global benchmark prices hit a near three-month low, attracting bargain hunters, dealers said on Friday. Premiums across major gold trading centers increased slightly. In top buyer China, local prices were $4-$5 an ounce higher than the global benchmark on Friday, compared with about $2 last week. In Hong Kong, premiums were at about 80 cents to $1.20 an ounce, up from 70 cents to $1.10 ...

Palm oil posts 1st weekly gain in 5 on tax exemption announcement SINGAPORE: Malaysian palm oil eased on Friday from a one-week high hit earlier in the day, but posted its first weekly gain in five as the government's move to exempt the commodity from export taxes buoyed expectations of a recovery in exports.Palm oil futures added more than 5 percent this week, the most since November, with a strong rally on Thursday after Malaysia exempted crude palm oil (CPO) from export taxes in September and October."Malaysian ...

Copper gains as ECB rate cut boosts recovery hopes LONDON: Copper prices edged higher on Friday, boosted by speculation the European Central Bank's move to cut interest rates would help spur an economic revival in Europe, but gains were kept in check by concerns about growing copper supplies. Benchmark copper on the London Metal Exchange (LME) rose 0.3 percent to $6,948.50 a tonne at 1020 GMT.The metal used in power and construction was set for a weekly decline of 0.5 percent, its fifth weekly ...

Corn pauses after slide on bumper crop expectations PARIS/SYDNEY: US corn futures edged higher for the first time in four sessions on Thursday, rebounding from losses of more than 3 percent the day before, but gains were capped by expectations the U.S. crop would top official estimates.Soybeans ticked lower as the oilseed market also remained under pressure from good crop conditions underlined by higher-than-expected government crop ratings this week.Wheat slipped again to set new contract lows as the absence of U.S. wheat from ...


 



 
Index Closing Chg%
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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 $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 11, 2014
Reserves $13.415 bln