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India imports 12,000 T Australian wheat at $310 to $315/T NEW DELHI: India has paid around $310 to $315 a tonne to import about 12,000 tonnes of wheat from Australia, despite overflowing grain bins at home, as flour millers and traders turn abroad for cheaper and more convenient supplies of high-protein wheat. Indian flour millers have imported AWB Premium White Wheat (APW), which is blended with an indigenous variety to make some speciality breads.APW also has a high level of gluten, a protein that gives texture and lightness to dough. "Some flour millers down south were looking for high-protein wheat, and we found imports easier in terms of both costs and logistics," said a trader from the southern city of Bangalore. Two Delhi-based traders also confirmed the deal. India's central state of Madhya Pradesh produces high-protein wheat, typically used to make pasta and noodles, but high domestic prices and freight costs spur millers near southern ports to look to exporters ...

Palm hits 3-1/2-month high, biggest weekly gain since Nov 2013 KUALA LUMPUR: Malaysian palm oil futures stretched gains into a fourth day on Friday to hover at over three-month highs and posting their biggest weekly rise in nearly a year, as the tropical oil drew support from projections of weaker output and easing stocks. But market players said prices, which are up for a second month having gained 4 percent in October, may be poised for a correction with possible profit-taking on the way. "After ...
NY coffee biased to break support at $1.8690 SINGAPORE: New York December coffee is biased to break a support at $1.8690 per lb, and then fall further towards $1.7780.A five-wave cycle from the Oct. 13 high of $2.2545 is believed to be over at the Oct. 27 low of $1.88. However, the weak rebound from this low and the following drop signal an extension of the cycle.It is not very clear yet if the current fall is driven by a wave (3) or ...
Malaysia's palm oil stocks seen easing in 2014, 2015-MPOB KUALA LUMPUR: Malaysian palm oil stocks could drop 14 percent at end-2014 from the 2.09 million tonnes hit at end-September, a senior official from the Malaysian Palm Oil Board (MPOB) said on Friday.Inventories are seen drawing down to 1.8 million tonnes at the end of the year, and will likely end 2015 at 1.7 million tonnes, said Ramli Abdullah, the head of MPOB's economic unit, at an industry meeting in Kuala Lumpur on Friday.The industry ...
NY cocoa to fall to $2,893 SINGAPORE: New York Dec. cocoa may end its current rebound around a resistance at $2,947 per tonne, and then fall towards a support at $2,893.Cocoa is riding on a wave C, the third wave of a three-wave cycle that started at the Sept. 25 high of $3,399. This wave has not yet completed, as it will consist of five small waves. So far, only four have unfolded.A Fibonacci projection analysis reveals that the wave C ...
CBOT wheat to drop to $5.23 SINGAPORE: A bullish target at $5.50 per bushel has been temporarily aborted for CBOT December wheat , as it failed to break a resistance at $5.36-3/4.The resistance is provided by the 23.6 percent Fibonacci retracement on the fall from the May 6 high of $7.65 to the Sept. 25 low of $4.66-1/4. The failure has been followed by a drop towards $5.23, a support provided by the lower channel line of a rising channel.A drop ...
Gold, silver tumble to four-year lows as dollar rallies SINGAPORE: Gold and silver slumped to their lowest since 2010 on Friday, as robust US economic data and a stronger dollar pressured prices, with stop-loss orders accelerating the metals' decline.Gold and silver were hit hard after the dollar rose to a near four-week high against a basket of major currencies on Friday. The greenback got a boost from strong US gross domestic product data and the Bank of Japan's surprise move to expand its massive ...

 



 
Index Closing Chg%
Arrow DJIA 17,195.42 1.30
Arrow Nasdaq 4,566.14 0.37
Arrow S&P 1,994.65 0.62
Arrow FTSE 6,463.55 0.15
Arrow DAX 9,114.84 0.35
Arrow CAC-40 4,141.24 0.74
Arrow Nikkei 15,658.00 1.67
Arrow H.Seng 23,702.04 1.49
Arrow Sensex 27,346.33 0.92





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln