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Vietnamese prices pick up; slow trade in Indonesia HANOI: Vietnamese coffee prices picked up this week in line with gains on global markets although trading was slow before the harvest peak next month, while thin stocks kept trading dull in Indonesia, traders said on Thursday. The 2014/2015 crop harvest in Vietnam, the world's largest robusta producer, is expected to peak in two weeks.Vietnam and Indonesia turn out about a quarter of the world's robusta. "The most difficult thing for Vietnamese businesses now, when the new crop has started, is to be able to buy coffee," said Do Ha Nam, deputy chairman of the Vietnam Coffee and Cocoa Association. Robustas edged up to 39,800-40,000 dong ($1.87-$1.88) per kg on Thursday but exporters said they were still unable to buy from farmers, who were reluctant to sell at any price below a peak of 42,400 dong per kg reached on Oct. 8. "If that situation of being unable to buy ...

TOCOM ends up 1.3pc; hits two-month high TOKYO: Benchmark Tokyo rubber futures ended up 1.3 percent on Thursday after touching a two-month high on the back of a weaker yen after the Federal Reserve surprised markets with a more hawkish policy tone and signalled its confidence in the U.S. economic recovery.The Fed on Wednesday ended its monthly bond purchase programme and dropped a characterisation of U.S. labour market slack as "significant" in a show of confidence in the economy's prospects.Against the yen, ...
NY cocoa may retest support at $2,893 SINGAPORE: New York December cocoa may retest a support at $2,893 per tonne, as indicated by its wave pattern and a Fibonacci projection analysis.Cocoa is riding on a wave C, the third wave of a three-wave cycle that started at the Sept. 25 high of $3,399. This wave is capable of travelling to $2,806, its 100 percent Fibonacci projection level.The support at $2,893, the 76.4 percent level, has triggered a moderate rebound, which may be ...
CBOT wheat to rise to $5.50 SINGAPORE: A bullish target at $5.50 per bushel has been established for CBOT Dec. wheat, as it has cleared a resistance at $5.36-3/4.The resistance, as provided by the 23.6 percent Fibonacci retracement on the fall from the May 6 high of $7.65 to the Sept. 25 low of $4.66-1/4. The next resistance will be at $5.50, established by the upper channel line of a rising channel.Indeed, the break above $5.36-3/4 has opened the way towards ...
Palm hits over three-month high as soy jumps; price recovery eyed KUALA LUMPUR: Malaysian palm oil futures rose to a more than three-month high on Thursday, driven by big gains in comparative soy markets as well as optimism that growing food consumption amid weakening palm output will underpin prices into next year.The most active January soybean oil contract on the Dalian Commodities Exchange jumped more than 3 percent to a 1-1/2 month high in early Asian trade, while the US soyoil contract for December edged up ...
Gold drops to 3-week low after Fed optimism over US economy SINGAPORE: Gold fell to a three-week low on Thursday after the US Federal Reserve ended its bond-buying stimulus programme and expressed confidence in the economic recovery, dimming bullion's safe-haven appeal.The strength of the dollar, which hit a 3-1/2-week high against a basket of major currencies after the Fed statement, also hurt bullion.Ending its monthly bond purchases, the Fed dropped a characterisation of US labour market slack as "significant" in a show of confidence in the ...
NY sugar to drop to 16.19 cents SINGAPORE: New York March sugar may retrace to a support at 16.19 cents per lb as it failed to break a resistance at 16.43 cents.The support and the resistance are identified respectively as the 76.4 percent and the 50 percent Fibonacci projection levels of a downward wave c, the third wave of a three-wave cycle falling from the Oct. 9 high of 17.20 cents.The drop to 16.19 cents will be followed by a rise towards ...

 



 
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%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln