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Bangladesh to issue tender for 50,000 T of wheat DHAKA: Bangladesh's state grains buyer will issue a tender next week to import 50,000 tonnes of wheat as part of efforts to secure food supplies, a senior official at the state buyer said on Thursday.The tender will be the first for the current fiscal year, which began this month. The Directorate General of Food, the state grains buyer, aims to ship in 1.1 million tonnes of food grains, up 22 percent from the previous year.The state grains purchasing agency will import 900,000 tonnes of wheat and 200,000 tonnes of rice in the 2014/15 year to ensure food security. In addition, the government plans to procure 1.5 million tonnes of rice locally.The imports and procurement are crucial for the South Asian nation of 160 million people to feed its poor and keep domestic prices stable.Copyright Reuters, 2014 ...

Palm falls on poor export data, records biggest monthly drop since May KUALA LUMPUR: Malaysian palm oil futures fell in thin trade on Thursday, reversing gains from the early session as disappointing export data and weakness in comparative soy markets dragged the tropical oil to record its biggest monthly drop since May.Cargo surveyor Intertek Testing Services reported that overseas sales of Malaysian palm oil products fell 2.8 percent in July to 1.35 million tonnes, compared to a surge in exports earlier in the month.Another cargo surveyor will ...
LME aluminium to range from $1,989 to $2,043 SINGAPORE: LME aluminium is expected to consolidate in the range of $1,989-$2,043 for a few trading sessions before either resuming or reversing its uptrend. The range has been formed by the 100 percent and the 123.6 percent Fibonacci projection levels of an upward wave C that developed from the June 12 low of $1,836. This wave may consist of five small waves, with the drop from the July 22 high of $2,054.75 temporarily labelled 4. ...
Shanghai copper to revisit low of 50,100 yuan SINGAPORE: Shanghai copper is expected to revisit its July 30 low of 50,100 yuan per tonne, driven by a wave C.This wave started at the July 25 high of 51,100 yuan and is capable of travelling to the July 21 low of 49,190 yuan. It has been unfolding in a falling channel, the upper channel line has established a resistance at 50,670 yuan, the 61.8 percent Fibonacci retracement on the fall from the July 4 ...
Palm oil signals mixed SINGAPORE: Signals are mixed for Palm oil as it failed to break a support at 2,250 ringgit per tonne. The support is provided by the 138.2 Fibonacci projection level of a downward wave 3. Palm oil's failure to break below this level has suggested two scenarios.One is the formation of a triangle, which may turn out to be bearish, pointing a target at 2,220 ringgit, the 161.8 percent projection level.The other is a failed fifth ...
Gold stays below $1,300 as US economic optimism dents demand SINGAPORE: Gold held steady below $1,300 an ounce on Thursday, headed for its second monthly drop in three, as optimism over US economic growth curbed safe-haven appetite for the metal.The Federal Reserve on Wednesday upgraded its assessment of the US economy, although it also reaffirmed that it was in no rush to raise interest rates.Data on Wednesday also showed that the US economy has rebounded sharply, with the gross domestic product expanding at a 4 ...
CBOT soybeans targets $10.61 SINGAPORE: CBOT soybeans November contract may break a support at $10.72-1/2 per bushel and fall more to $10.61, driven by a wave 5.The support is provided by the 200 percent Fibonacci projection level of the preceding wave 3. The fall on July 30 has confirmed the resumption of the wave 5 towards $10.61, the 223.6 percent Fibonacci projection level.A failure to break $10.72-1/2 could indicate the formation of an inverted head-and-shoulders, with the left shoulder ...

 



 
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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