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Asia Q1 cocoa grinding drops 9.3pc y/y SINGAPORE: Cocoa grinding in Asia slid in the first quarter from a year ago, but rose marginally as compared with the October-December period, industry data showed on Friday. Grinding in Asia, the world's top cocoa processing region, fell 9.3 to 144,738 tonnes over January to March, but rose 2.4 percent from the preceding three-month period, data from the Cocoa Association of Asia (CAA) showed.The CAA groups grinders in Malaysia, Singapore and Indonesia. "The market consensus was 4-6 pct drop, so 9.3 percent is bigger than what we expected," said a Kuala Lumpur-based trader. "We are looking at a few new developments, in Ivory Coast there's a bit of weather risk, the weather is getting drier. If the dry weather persists in Ivory Coast, most likely cocoa prices may gain a bit of support." In New York, the July cocoa contract rose for a third session on Friday, gaining 1.4 percent ...

Corn set for biggest weekly loss since Jan; US planting eyed SINGAPORE: Chicago corn slid for a fifth straight session on Friday and was set for its biggest weekly loss in nearly three months, hurt by expectations of rapid planting in the United States and fears of reduced demand following a bird flu outbreak.Soybeans are on track for a second week of gains as the market was underpinned by a trucker strike in Brazil that could delay shipments.Chicago Board Of Trade May soybeans are up 1 ...
Dalian iron ore jumps more than 3pc as spot price holds above $50 SINGAPORE: Chinese iron ore futures climbed more than 3 percent on Wednesday as benchmark spot prices held above $50 a tonne, stabilising after steep losses caused by a global glut.BHP Billiton said it would delay an expansion of its iron ore output to 290 million tonnes a year, becoming the first big miner to slow a planned production increase after a plunge in prices.Iron ore for September delivery on the Dalian Commodity Exchange was up ...
Corn eases for 2nd day as dry weather boosts US planting SINGAPORE: Chicago corn futures fell for a second session on Tuesday, pressured by a government report showing US farmers made strong planting progress last week as weather across the Midwest turned dry.Wheat edged lower, giving up some of its gains from the last session, on forecasts of more beneficial rains in the US Plains and estimates of higher production in Russia.Chicago Board of Trade corn had dropped 0.6 percent to $3.75-3/4 a bushel by 0236 ...
Iron ore eyes second best week this year, but outlook still bleak SINGAPORE: Spot iron ore prices are set to post their biggest weekly gain since early January, although an early-week rally has fizzled as investor focus returned to plentiful global supply.Iron ore futures held steady on Friday after sharp gains on Monday and Tuesday that helped to lift benchmark spot prices further off a decade-low below $50 a tonne.Still, Citigroup this week said it expects iron ore to fall to $36 in the third quarter and ...
RUBBER-Tokyo futures rise on higher oil, hopes for China stimulus TOKYO: Benchmark TOCOM rubber futures rose on Thursday, nearing a key technical barrier of 200 yen, as a higher yen against the US dollar was outweighed by a jump in oil prices overnight and expectations of additional monetary stimulus in the world's top buyer China.Copyright Reuters, 2015 ...
LME aluminium targets $1,840 SINGAPORE: LME aluminium may break a resistance at $1,822 per tonne and rise further to $1,840, as indicated by a Fibonacci ratio analysis.The resistance is at the 50 percent Fibonacci retracement on the fall from the Feb. 3 high of $1,898 to the March 12 low of $1,745, temporarily blocking the way towards the 61.8 percent level at $1,840.Wave pattern suggests aluminium is riding on a wave c, the third wave of a three-wave cycle ...

 



 
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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%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln