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Indonesia's June crude palm oil output to hit at least 10-month high JAKARTA: Indonesia's crude palm oil (CPO) output likely rose for a fourth month in June to hit its highest since at least August on supplies from new plantations, while exports continued their rally given strong festival demand, a Reuters survey showed.Higher output at the world's top producer, and worries that exports will weaken in July after the end of the holy Muslim month of Ramadan, could hurt benchmark palm prices that hit a three-month low of 2,099 ringgit ($549.05) per tonne this week.Indonesia's CPO output reached 2.8 million tonnes in June, according to the median estimate of the survey of three Indonesian industry officials and plantation companies, versus 2.774 million tonnes in May."High prices in 2011 led to a lot of (new) plantation and some of this may be coming on," said Pawan Kumar, an analyst at Rabobank International. "July could be lower because of Ramadan month. There could be ...

Palm oil targets 2,141 ringgit SINGAPORE: Palm oil may break a resistance at 2,124 ringgit per tonne and rise more to 2,141 ringgit, following the completion of a wave c.The resistance is provided by the 150 percent Fibonacci projection level of the wave c, the third wave of a three-wave cycle that developed from the July 14 high of 2,230 ringgit.The next resistance will be at 2,141 ringgit, the 123.6 percent level, which will be confirmed as a target once ...
CBOT soybeans biased to drop to $9.30-3/4 SINGAPORE: CBOT soybeans November contract is biased to fall to a support at $9.30-3/4 per bushel, as it failed to break a resistance at $9.52-3/4.The resistance is provided by the 61.8 percent Fibonacci retracement on the rise from the June 15 low of $8.95-3/4 to the July 14 high of $10.45. No matter how hard the contract had tried, it still failed to break this resistance. It seems the market sentiment remains very cautious.The bounce ...
CBOT corn to end bounce below $3.80-1/4 SINGAPORE: CBOT Sept. corn may end its current bounce below a resistance at $3.80-1/4 per bushel and then fall towards a support at $3.72.The resistance is provided by the 261.8 percent Fibonacci projection level of a downward wave 3, the third wave of a five-wave cycle that developed form the July 14 high of $4.43-1/4.The current bounce is driven by a wave 4, which may roughly match the preceding wave 2 in both size and ...
NY coffee may rise more to $1.2650 SINGAPORE: New York September coffee may rise more to $1.2650 per lb, as it has broken a resistance at $1.2470.The resistance was provided by the 100 percent Fibonacci projection level of a downward wave c, the third wave of a three-wave cycle that developed from the June 10 high of $1.41.The next resistance is at $1.2650, the 86.4 percent level, which could limit the current bounce. A drop to $1.2405 could signal the completion of ...
LME aluminium's bearish target at $1,603 resumed SINGAPORE: A bearish target at $1,603 per tonne has been resumed for LME aluminium as it has broken support at $1,653 again.Support was provided by the 86.4 percent Fibonacci projection level of a downward wave C, the third wave of a three-wave cycle that developed from the Aug. 29, 2014 high of $2,119.50.The next support will be at $1,603, the 100 percent level. A break above $1,653, now a resistance, could signal the formation of ...
Premiums for bonded copper stocks in China at 4-month high HONG KONG: Steady spot copper prices in China have encouraged importers to sell bonded stocks on the domestic market, driving premiums up to a four-month high, though traders said a slowing economy was likely to limit further rises.Copper this week hit at a six-year low on the London Metal Exchange and in China , rattled by worries about slower economic growth in top consumer China. Low prices spurred some Chinese producers to limit spot metal ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln