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South Korea's KFA bought 60,000 tonnes corn after rejecting tender offers HAMBURG: The Korea Feed Association (KFA) bought 60,000 tonnes of feed corn in a directly-negotiated purchase after rejecting offers in an international tender for corn which closed on Thursday, European traders said on Friday.The KFA's Busan section purchased the yellow corn at $196.99 a tonne c&f, traders said. The corn can be sourced from optional origins including the United States and South America, traders said. The KFA had also bought 50,000 tonnes of feed wheat on Thursday after initially rejecting offers in its tender. The KFA had sought the wheat for arrival by Oct. 20 and the corn for arrival by Nov. 20.Copyright Reuters, 2015 ...

Gold dips after 7-day rally but set for second weekly gain SINGAPORE: Gold eased on Friday as traders booked profits after a seven-day rally and as the dollar rebounded on strong US data, but the metal looked set to post its second straight weekly gain on expectations US interest rates will stay low for longer.Tensions in the Middle East after Saudi Arabia and its allies launched air strikes in Yemen provided some support to gold, seen as a safe-haven asset.Spot gold eased 0.2 percent to $1,201.70 ...
Iron ore futures tumble as Rio comment stokes glut worries, Dalian hits limit SINGAPORE: Iron ore futures in China and Singapore slid about 4 percent on Friday, pressured by worries global producers would continue to lift supply in a glut-hit market.Iron ore prices on China's Dalian Commodity Exchange hit the daily floor set by the bourse, touching a new all-time low and creating further downside risk for spot prices that this week fell to the lowest since records began in 2008.The head of Rio Tinto , the world's ...
Palm drops, tracking reverse in oil prices JAKARTA: Malaysian palm oil futures fell on Friday, tracking oil prices which reversed after a rally on Thursday due to conflict concerns in the Middle East."The cause of this morning's drop is that the crude oil rally halted and eased from yesterday's highs," said a trader with a local commodities brokerage based in Kuala Lumpur.Brent prices shot up nearly 6 percent on Thursday, but then fell more than $1 on Friday as traders estimated that ...
China's coal use falling faster than expected SINGAPORE/BEIJING: China is reducing coal use for power generation faster than expected as the use of cleaner-burning fuels and slowing economic growth drags thermal utilisation rates to a potential record low, implying imports and prices will fall further. Beijing said this month it will go all out to curb its addiction to coal to reduce pollution, raising fresh doubts about demand from the world's top consumer of the fuel just after imports slumped a third ...
China's gold imports from Hong Kong drop to six-month low SINGAPORE: China's gold imports from Hong Kong fell to their lowest in six months in February, data showed on Thursday, as purchases slowed in the world's second-biggest gold consumer amid weaker prices.Net gold imports from main conduit Hong Kong dropped to 67.575 tonnes last month, from 76.118 tonnes in January and 112.314 tonnes a year ago, according to data e-mailed to Reuters by the Hong Kong Census and Statistics Department.The imports were the lowest for ...
Palm extends gains, tracks jump in crude oil prices KUALA LUMPUR: Malaysian palm oil futures rose on Thursday, tracking crude oil prices that surged as fighting in the Middle East intensified.Brent prices shot up nearly 6 percent after Saudi Arabia and its Gulf Arab allies began a military operation in Yemen, but the benchmark came off its high near $60 as importers saw no immediate threat to supplies.Higher crude prices could attract interest for palm-based biodiesel. Demand for palm from the biodiesel sector has ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln