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Palm oil falls on China growth fears after 3 sessions of gains KUALA LUMPUR: Malaysian palm oil futures ended lower on Wednesday after three consecutive sessions of strong gains, as a drop in commodity markets amid concerns over China's growth weighed on prices.The benchmark palm oil contract for November on the Bursa Malaysia Derivatives exchange closed 1.09 percent lower at 1,991 ringgit ($472.25) a tonne, after trading in a range of 1,981 to 2,003 ringgit.Traded volume stood at 53,529 lots of 25 tonnes each, above the usual daily average of 35,000 lots."Heavy overnight plunges in crude and soybean oil futures snapped Bursa Malaysia Derivatives crude palm oil futures," said a local trader based in Kuala Lumpur."Lingering weakness in the local currency may provide temporary support."The Malaysian ringgit has been emerging Asia's weakest performing currency, losing around 20 percent so far this year. The currency fell about 1 percent at 4.21 per dollar on Wednesday.On the technical front, Wang Tao, a Reuters market ...

South Korea's MFG buys 204,000 T corn in tender HAMBURG: South Korea's Major Feedmill Group (MFG) purchased 204,000 tonnes of optional-origin corn in a tender which closed on Wednesday, European traders said. The corn was sought in three consignments for February 2016 arrival, they said. The corn was likely to be sourced from the US Gulf or South America, they said. Some 69,000 tonnes of corn for Feb. 5 arrival was purchased at $185.45 a tonne c&f plus a $1.25 per tonne surcharge for ...
Bangladesh tenders to import 50,000 T wheat DHAKA: Bangladesh's state grains buyer has issued a tender to import 50,000 tonnes of wheat, a procurement official said on Monday, as part of efforts to ensure supplies. The deadline to submit offers under the tender is Sept. 15, with validity up to Sept. 27, and the wheat is to be shipped within 40 days of signing the contract. This is the second tender issued by the state grains buyer in the current fiscal year ...
NY sugar may retrace more to 10.76 cents SINGAPORE: New York October sugar may retrace more to a support at 10.76 cents, as it failed to break a resistance at 11.15 cents per lb.The support and the resistance are identified respectively as the 23.6 percent and the 38.2 percent Fibonacci retracementson the fall from the July 14 high of 12.80 cents to the Aug. 24 low of 10.13 cents.A break below 10.76 cents could lead to a further loss to 10.52 cents, the ...
Malaysia Aug 1-31 palm oil exports fall 1.2pc on month KUALA LUMPUR: Exports of Malaysian palm oil products for Aug. 1-31 fell 1.2 percent, to 1,525,389 tonnes, from 1,543,868 tonnes shipped during July 1-31, cargo surveyor Intertek Testing Services said on Monday.Copyright Reuters, 2015 ...
China's weekly state corn sales fall to lowest this year BEIJING: China found buyers for less than 1 percent of the nearly 5.4 million tonnes of state corn on offer this week, the lowest so far in the year, according to results of bids published by the country's online grains trading platform showed on Friday. The government sold 40,855 tonnes of corn at an average price of 2,273 yuan ($355.91) per tonne, down from 2,315 yuan per tonne last week. There were no bidders for ...
Palm snaps eight consecutive weekly losses JAKARTA: Malaysian palm oil futures ended higher on Friday, posting their first weekly gain after eight consecutive weekly declines, on the back of other commodity markets and a weaker ringgit.The benchmark palm oil contract for November on the Bursa Malaysia Derivatives market rose 3.4 percent to 1,994 ringgit ($475.67) a tonne, its biggest increase since June 1. That followed a 3 percent gain in the previoussession.Traded volume stood at 55,024 lots of 25 tonnes each, ...

 



 
Index Closing Chg%
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln