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China's Feb corn imports from Ukraine nearly triple on year: customs BEIJING: China, the world's second-largest corn consumer, imported 574,000 tonnes of corn from Ukraine in February, nearly triple the level taken in the same month a year ago, official customs data showed on Monday.The February imports bring the total shipped from the Black Sea nation to 1.04 million tonnes for the first two months of 2015, more than five times the shipments in the same period last year, the General Administration of Customs data showed.China increased grains imports from Ukraine under a loan-for-grain deal beginning in 2013. Corn imports from the former Soviet republic accounted for more than 90 percent of China's total imports of the grain last month.State Food and Grain Corporation of Ukraine will supply a total of 80 million tonnes of grains for 15 years under a deal with China National Complete Engineering Corporation (CCEC), according to the Chinese company.The contract between the two companies resulted in ...

Palm gains, traders snap up Indonesian shipments before tax levy  KUALA LUMPUR: Malaysian palm oil futures rose on Monday as Indonesia's plan to impose levies on crude palm exports triggered hasty buying from the top producer, although traders say gains are "unsustainable" as the tropical oil battles with dwindling global demand.Indonesian officials are preparing new rules for a charge of $50 on every tonne of crude palm oil (CPO) shipped at a zero export tax rate, with the funds going to help pay for biodiesel ...
Bangladesh reissues tenders to import 100,000 tonnes wheat DHAKA: Bangladesh's state grains buyer reissued two tenders on Monday to import a total of 100,000 tonnes of wheat as the country's extensive import programme continues.The closing date for both the tenders is April 8 and shipment expected within 40 days after contract signing, a senior official of the state grains buyer said. The tenders were earlier cancelled as bidders failed to comply with terms and conditions. The state grains buyer plans to ship in ...
China's Zijin in talks to buy gold, copper mines abroad HONG KONG: China's Zijin Mining Group Co Ltd is in talks to buy gold and copper mining assets abroad and expects to finalise some acquisitions this year, its chairman said on Monday.Chen Jinghe said that current market conditions were favourable for acquisitions but did not identify targets."Some (talks) have almost reached maturity...this year there will be some important results," Chen told a news conference in Hong Kong after the company's 2014 earnings. Zijin was also ...
No response to Bangladesh sugar tender amid low prices DHAKA: Bangladesh Sugar and Food Industries Corp said on Sunday it received no bids for the export of 75,000 tonnes of sugar in an international tender to the European Union, amid low global prices.The state agency typically imports white sugar to build its reserves, but a bumper output allowed it to hold the export tender for EU countries, under a preferential quota for the least-developed countries to tap high stocks.The tender opened this month but ...
China urges more action to raise grain output SHANGHAI: China will step up efforts to increase grain output this year by providing stronger technical guidance and more credit, the state-owned Xinhua News Agency reported on Saturday.Chinese Premier Li Keqiang has urged local governments to take more measures to help farmers protect farmland and minimise damage from accidents such as fires.China's state cabinet has already ordered local governments to take up more responsibility to maintain supplies and increase reserves in the world's most populous ...
China sells US wheat, to offer Australian wheat at weekly auction BEIJING: China sold 8.8 percent of the 20,492 tonnes of US soft red winter (SRW) wheat offered this week, while 34 percent of the more than 800,000 tonnes of domestic wheat was sold from state reserves, according to the National Grain and Oil Trade Centre.State granaries in the south province of Zhejiang will offer a total of 25,758 tonnes of Australian wheat from state reserves at a weekly sale next week. The Australian wheat was ...


Index Closing Chg%
Arrow DJIA 17,678.23 0.23
Arrow Nasdaq 4,863.36 0.27
Arrow S&P 2,056.15 0.24
Arrow FTSE 6,895.33 1.37
Arrow DAX 11,843.66 0.18
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Arrow Nikkei 19,471.12 1.39
Arrow H.Seng 24,497.08 0.13
Arrow Sensex 27,457.58 2.33

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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 13, 2015
Reserves $16.273 bln