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Asia Coffee:  Vietnam sale thin, Indonesian beans cheap HANOI: Coffee sales in Vietnam have been moderate with export prices easing this week while strong domestic consumption in Indonesia has limited export flows, traders said on Thursday. ICE November robusta contract settled down $22, or 1.4 percent, at $1,581 per tonne on Wednesday, after hitting a contract low of $1,579 per tonne. The contract has lost around 2 percent in the past week. Vietnamese robustas also eased further on domestic markets, while exporters quoted premiums of the beans grade 2, 5 percent black and broken at $65-$70 a tonne to the November contract, against $60-$70 early this week. "Purchases on domestic markets are difficult, while taking 2,000-3,000 tonnes (a deal) from exporters is possible," a trader in Ho Chi Minh City said, adding that more beans of higher-quality grade 1, screen 16 were available for sale now. Vietnam and Indonesia account for a quarter of global coffee exports. Domestic ...

Palm reverses course, hits two-week high KUALA LUMPUR: Malaysian palm oil futures hit a two-week high on Thursday, reversing course in the second half on the back of a weaker ringgit and bargain hunting by traders after the previous session's more than 1 percent fall.The benchmark November contract on the Bursa Malaysia Derivatives Exchange ended 2.3 percent higher at 2,034 ringgit ($480.28) a tonne, its highest since Aug. 18. Earlier in the day, it fell as much as 0.6 pct to ...
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 ...
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 ...


Index Closing Chg%
Arrow DJIA 16,351.38 1.82
Arrow Nasdaq 4,749.98 2.46
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Arrow H.Seng 20,934.94 1.18
Arrow Sensex 25,453.56 0.95

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Banking Review 2014

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