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TOCOM falls for 4th session on weak oil, China worries TOKYO: Benchmark Tokyo rubber futures fell for a fourth straight session to a fresh 3-week low on Wednesday as plunging oil prices and nagging concerns about slack demand in top consumer China weighed on investor sentiment, dealers said.The Tokyo Commodity Exchange rubber contract for September delivery closed 1.0 yen, or 0.5 percent, lower at 204.9 yen ($2) per kg. It fell to as low as 203.9 yen on Wednesday, close to an intra-day low 203.5 yen hit on March 11."The market has been under pressure as the prices of oil and other commodities have been slumping," said Toshitaka Tazawa, analyst at Fujitomi Co."The rubber benchmark will test March 11's low of 203.5 yen and 200 yen as long as a weak tone in other commodities market continues," he said.China's data also added to selling pressure, dealers said.Surveys of China's factory and services sectors showed stubborn weakness in the world's second-biggest ...

Soybeans rise to 1-week high, corn recovers after selloff SINGAPORE: US soybean futures rose for a third consecutive session on Wednesday to a one-week high after a US Department of Agriculture (USDA) forecast of smaller-than-expected plantings in the United States this year.Corn rose on expectations of a rise in demand after prices tumbled in the previous session on pressure from the same USDA forecast, which also put corn plantings and inventories above traders' estimates.Chicago Board of Trade May soybeans rose 0.5 percent to $9.78-1/4 ...
Palm down on concerns over increased production JAKARTA: Malaysian palm oil futures edged lower on Wednesday as worries over increased production and a stronger ringgit dampened buying."Strong growth in March and April production is seen as a bearish factor. The March Southern Palm Oil Millers Association figures released today showed and increase of a whopping 48 percent," a trader with a local commodities brokerage in Kuala Lumpur said.By the day's close, the benchmark June contract on Bursa Malaysia Derivatives was down 0.51 ...
Japan's Sumitomo Metal to cut FY15 copper output by 3.8pc TOKYO: Sumitomo Metal Mining Co Ltd plans to cut its output of electrolytic copper in the financial year started April 1 by 3.8 percent from a year earlier due to maintenance at its Toyo smelter, the company said on Wednesday.The company, Japan's No.2 copper producer, forecast an output of 419,500 tonnes of electrolytic copper in the current financial year, down from an estimated 436,000 tonnes a year earlier, as it plans a 25-day maintenance at ...
Gold edges up after March drop as dollar slips SINGAPORE: Gold kicked off April by climbing on Wednesday as the dollar retreated, but expectations the Federal Reserve is on course to lift interest rates this year capped gains.Investors are looking to US jobs data due on Friday, when another strong number could boost bets the US central bank will hike interest rates sooner rather than later.Economists polled by Reuters have forecast a 244,000 rise in non-farm payrolls in March, which would mark the 13th ...
Wheat prices slip from one-week peak, eyes on USDA report SINGAPORE/PARIS: Chicago wheat futures fell on Tuesday as traders booked profits ahead of a key government report due later in the day and after reaching a one-week peak on concerns that dry and hot weather in parts of the US Plains may curb winter crop yields.Soybean prices edged down to hover around their lowest since March 20, pressured by the prospect of higher planting in the United States.Chicago Board of Trade May wheat was down ...
India's cotton exports to slump 41pc as China buys less MUMBAI: Cotton exports from India, the world's biggest producer and seller, are expected to fall 41 percent to a five-year low of 7 million bales this crop year ending September as top buyer China curbs purchases, a government official said.Bulging world stockpiles and waning demand from China - intent on supporting its own growers - are hurting state-run Cotton Corporation of India (CCI), which is set to suffer its steepest loss in at least six ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 20, 2015
Reserves $16.132 bln