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Palm prices seen at 6-year lows in H2 if bio-diesel demand stays weak KUALA LUMPUR: Malaysian crude palm oil prices will average 2,260 ringgit a tonne in the first half of 2015, but may drop to more than six-year lows later in the year if demand from the bio-diesel sector does not pick up, leading industry analyst James Fry said.Benchmark palm prices sank almost 15 percent in 2014, partly dragged by a crude oil rout that made palm an unattractive option for blending into bio-diesel.Dubbing it a year of two halves for prices, Fry said palm could drop to an average of 1,770 ringgit ($487) per tonne in the second half - which would be the lowest since early 2009.Weak Southeast Asian crude palm oil output may push Malaysian palm stocks below 1.6 million tonnes in the second quarter, but inventories will climb towards the year end, he told an industry conference in Kuala Lumpur on Wednesday.Copyright Reuters, 2015 ...

Palm hits 1-1/2-month top on India demand hopes JAKARTA: Malaysian palm oil futures rose to a more than one-month high on Tuesday, gaining for a fourth straight session, on expectations of higher imports by top edible oils buyer India.India is expected to import more palm oil this year due to a domestic deficit in vegetable oil stockpiles, helping offset a drop in demand for the tropical oil from the biofuel sector, leading industry analyst James Fry said.He was speaking on the sidelines of ...
US wheat struggles with poor demand, soy prices firm after selloff SINGAPORE/PARIS: Chicago wheat traded little changed on Tuesday after posting its biggest daily loss in more than two months in the last session, pressured by a lack of demand for US supplies as the dollar strengthens.Soybean prices inched up after declining 1.7 percent on Monday, although gains were capped by an easing of concerns over Brazilian supplies."The concerns about frost damage in the US, which had driven up the (wheat) price at the end of ...
China customs uncovers soybean smuggling worth $869mn BEIJING: China's Qingdao city customs uncovered last year soybean smuggling worth 5.46 billion Yuan ($869.50 million), one of the biggest such cases in the country in years, a state-run newspaper reported.The official Legal Daily, in a report published on Monday said a trading company was suspected of smuggling soybeans after customs officials assessed soy prices for potential risk, but it did not name the company involved.The case came to light after the customs unit in ...
CBOT soybeans to hover above $10.11-3/4 SINGAPORE: CBOT soybeans May contract has found a support at $10.11-3/4 per bushel, and may hover above it or rebound towards a resistance at $10.27-1/4.The support is at the 38.2 percent Fibonacci retracement on the fall from the November 12 high of $10.92-3/4 to the January 30 low of $9.61-3/4. It seems the uptrend from this low has reversed, and over a few weeks, this level could be touched again.After the sharp fall from the ...
CBOT corn neutral in $3.87-3/4 to $3.92-1/2 range SINGAPORE: CBOT May corn looks neutral in a range of $3.87-3/4 to $3.92-1/2 per bushel, and an escape will point a direction.The range has been formed by the 23.6 percent and the 14.6 percent Fibonacci projection levels of a downward wave C, the third wave of a presumed three-wave cycle that developed from the Dec. 29 high of $4.25-1/4.A break below $3.87-3/4 could cause a further loss to $3.80-1/4, the 38.2 percent projection level, while ...
Vietnam's March coffee exports seen at 90,000-110,000 tonnes HANOI: Vietnam is forecast to export 90,000 to 110,000 tonnes (1.5-1.83 million bags) of coffee in March, against an estimated 109,000 tonnes exported last month, as most farmers have been holding onto their stocks, traders said on Tuesday."After Tet sales have been slow, so the monthly volume could be low," said a trader at a foreign firm in Ho Chi Minh City, referring to Vietnam's Lunar New Year festival on Feb. 16-23.Last month Vietnam exported ...


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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 $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln