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Asia Q2 cocoa grind falls 12pc yr/yr MANILA: Cocoa processing in Asia fell 12 percent in the second quarter from a year earlier to 142,325 tonnes, data from the Cocoa Association of Asia (CAA) showed on Friday. For the first six months of 2015, cocoa grinding, which reflects demand for chocolate's key ingredient, reached 287,063 tonnes, down 11 percent from the previous year. CAA groups cocoa grinders in Malaysia, Singapore and Indonesia. The second-quarter number was also down from 144,738 tonnes in January-March, and followed weaker grindings from Europe and the United States, with North American grinding hitting its lowest in 2-1/2 years. Copyright Reuters, 2015 ...

Vietnam's 2015 rice exports seen down at 5.91mn T HANOI: Vietnam, the world's third-largest rice exporter, could ship 5.91 million tonnes of the grain this year, down 6.5 percent from 2014, with loading volumes expected to fall towards the year-end, the Vietnam Food Association said. Shipments in the last quarter of 2015 are projected at 1.4 million tonnes, down from 1.8 million tonnes forecast for the July-September period, after 2.7 million tonnes were loaded in the first six months, the association said in a ...
Palm inches lower to end week flat in post holiday lull JAKARTA: Malaysian palm oil futures inched lower on Friday, falling for a third straight session as quiet trading continued following the Muslim fasting month holiday period.By Friday's close, benchmark palm oil for October delivery on Bursa Malaysia Derivatives was down 0.55 percent at 2,177 ringgit ($571.69) a tonne. The contract was largely unchanged this week, inching down 0.09 percent.Trade volumes stood at 22,140 lots of 25 tonnes each on Friday, well below the roughly 35,000 ...
Palm edges down from one-week high as Q3 output eyed JAKARTA: Malaysian palm oil pulled back from a one-week high on Wednesday, with traders saying they expected an increase in production in the third quarter that could eliminate any shortage of the edible oil resulting from low output in July.By the day's close, benchmark palm oil for October delivery on Bursa Malaysia Derivatives was down 0.6 percent to 2,207 ringgit ($582.25) a tonne.Expectations of low output in July lifted palm oil to 2,223 ringgit on ...
US corn near 3-week low on forecasts of improved weather SINGAPORE/PARIS: Chicago corn futures lost more ground on Monday, trading at near three-week lows with the outlook for warmer weather across the US Midwest expected to boost crop development.Soybeans slid for a fifth consecutive session to their weakest since July 9 and wheat was down to its lowest in more than three weeks, with additional pressure on commodity markets stemming for a stronger dollar."Perhaps the stronger greenback is finally weighing on corn prices," Tobin Gorey, ...
NY coffee to drop to $1.2620 SINGAPORE: New York September coffee is expected to drop to $1.2620 per lb as it has cleared support at $1.2775.Support was provided by the 23.6 percent Fibonacci retracement on the fall from the June 10 high of $1.41 to the July 7 low of $1.2365.The next support will be at $1.2620, the 14.6 percent level, a break below which will open the way towards $1.2365.The target at $1.2620 will be temporarily aborted should coffee rise ...
NY cocoa to drop to $3,303 SINGAPORE: New York September cocoa may drop to $3,303 per tonne as it has broken support at $3,349. Support was provided by the 200 percent Fibonacci projection level of an upward wave c, the third wave of a three-wave cycle that developed from the March 30 low of $2,679. The next support will be at $3,303, the 186.4 percent level. The bearish divergence on the daily RSI strongly suggests cocoa has been much overbought and ...

 



 
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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%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln