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Palm ends higher with monsoon in focus, but posts biggest weekly drop in three KUALA LUMPUR: Malaysian palm oil futures ended higher on Friday on concerns over monsoon rains hurting output and as crude prices ticked up, but the recovery was not enough to keep palm from its biggest weekly fall in three.Brent crude oil rose above $60 a barrel on Friday, recovering from near a 5-1/2-year low as investors squared books ahead of the year-end festive break after six months of falling prices.But oil prices were on track for a fourth straight week of declines, with Brent and US crude having nearly halved in value since June. Cheaper oil prices makes palm a less attractive feedstock option for biodiesel producers."People are cautious. The world economy looks very gloomy and investors are worried about demand - crude is still weak, we're not sure whether in the coming months biofuel demand will still be there," said a trader with a foreign commodities firm in Kuala ...

South Korea's MFG buys up to 120,000 tonnes of corn HAMBURG: South Korea's Major Feedmill Group (MFG) purchased up to 120,000 tonnes of corn in two private non-tender deals late on Thursday, European traders said.The corn can be sourced optionally from the United States, Europe, Brazil or Argentina, they said.The corn was all purchased at $213.99 a tonne c&f plus a $1.50 a tonne surcharge for additional port unloading, they said.It was purchased in two consignments, one for arrival around Apr. 17, with shipment in ...
NY cocoa to retest resistance at $2,933 SINGAPORE: New York March cocoa may retest a resistance at $2,933 per tonne, a break above which will open the way towards the next resistance at $2,954.These two resistances are identified respectively as the 50 percent and the 61.8 percent Fibonacci projection levels of an upward wave C, the third wave of a presumed three-wave cycle that developed from the Nov. 13 low of $2,780.Support is at $2,912, the 38.2 percent level, a break below ...
TOCOM extends gains on weak yen TOKYO: Benchmark Tokyo rubber futures rose for a second day on the back of a weaker yen, dealers said on Thursday.Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, have so far fallen 26 percent this year on worries of excess supply from major Asian producers and weak demand in China, the world's top user.The Tokyo Commodity Exchange rubber contract for May delivery finished 1.1 yen, or 0.5 ...
India to soon decide on raw sugar export incentives NEW DELHI: India, the world's second-biggest sugar producer, will soon decide on extending incentives for raw sugar exports, Food Secretary Sudhir Kumar said on Thursday, as mills struggle to pay farmers the stipulated price for cane."We will soon consider export incentive for raw sugar," Kumar told a conference of sugar producers in New Delhi.To help mills, India gave an upto 3,371 rupees a tonne financial incentive for raw sugar exports in the 2013/14 marketing year ...
NY sugar to test support at 14.53 cents SINGAPORE: New York March sugar is expected to test a support at 14.53 cents per lb, driven by a wave c.The support is provided by the 61.8 percent Fibonacci projection level of the downward wave c, the third wave of a three-wave cycle that developed from the June 26 high of 19.83 cents.The previous two supports at 15.55 cents and 15.04 cents, respectively the 38.2 percent and the 50 percent levels, have triggered two rebounds. ...
Palm edges up on crude oil recovery; heavy rains eyed KUALA LUMPUR/JAKARTA: Malaysian palm oil futures edged up on Thursday, lifted by a small recovery in crude oil prices, while wet weather warnings across parts of the second-largest grower stoked concerns that yields of the tropical oil will drop this month.Malaysia's metereological department issued an "orange" warning on its website for heavy rain across the states of Sabah, Kelantan, and Terengganu, expected to persist until the end of the week. Rains are also expected across ...

 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln