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Vietnam coffee prices jump, discounts widen HANOI: Vietnam coffee prices climbed about 2 percent to 38,500-38,600 dong ($1.83) per kg on Tuesday, the highest since August last year, extending a rally from late last week, traders said. Prices in Vietnam, the world's top robusta producer, followed a surge on global coffee markets fanned by concerns over potential crop damage from dry weather in top grower Brazil. Robusta rose from Monday's 37,800 dong per kg in Daklak, the top growing province in Vietnam's Central Highlands coffee belt, to the highest since Aug. 19, 2013 when the beans stood at 40,200 dong per kg, based on Reuters data. However, farmers were holding back on sales in anticipation of further price rises. "Farmers dare not sell much now as they've seen losses by those who sold the previous day," a Vietnamese trader said by telephone from Buon Ma Thuot, the capital of Daklak province. May arabica futures on ICE ...

NY coffee to drop to $1.6205 SINGAPORE: New York second month coffee is expected to drop to its Feb. 20 low of $1.6205 per lb, as a correction from the same day high of $1.7750 has not completed.The correction will consist of three waves labelled a, b, c. So far, only two waves have developed. The third wave, the wave c, is unfolding towards the trough of the wave a at $1.6205.The Feb. 21 high of $1.7460 has been presumed to ...
Gold edges lower after 3rd week of gains SINGAPORE: Gold inched lower on Monday after posting a third straight week of gains, but the precious metal may get support from worries over the pace of the US economic recovery and China's growth.Investors on Friday had increased bullish bets on bullion after prices broke through tough resistance at $1,300 an ounce, with weak US manufacturing data and uncertainty over China's economic expansion lifting the metal's safe haven appeal.Gold eased 0.29 percent $1,321.35 an ounce ...
Palm oil to extend gain into 2,805-2,821 ringgit zone SINGAPORE: Malaysian palm oil may extend its gain into a range of 2,805-2,821 ringgit, as it has cleared resistance at 2,780 ringgit. Resistance was provided by the percent Fibonacci projection level of an upward wave (3), which started at 2,520 ringgit, an hourly chart low touched on Feb. 4. The target zone has been formed by the 261.8 percent and the 276.4 percent projection levels. The bearish divergence on the hourly RSI strongly suggests an ...
Shanghai copper to hover around support at 49,650 SINGAPORE: Shanghai copper has found support at 49,650 yuan per tonne and may hover around this level for one trading session.Support is provided by the 138.2 percent Fibonacci projection level of a downward wave c, temporarily holding this wave from travelling towards 49,220 yuan, its 161.8 percent projection level.The drop from Monday's high of 50,670 yuan could be too sharp to sustain, and it is likely to be partially reversed by a weak bounce, which ...
Indonesia Jan palm oil exports fall 23pc on weak India, Pakistan demand JAKARTA: Indonesia's palm oil exports dropped 23 percent in January from the previous month to 1.57 million tonnes due to declining demand in India and Pakistan, said the Indonesian Palm Oil Association on Friday. Exports to India in January reached 261,400 tonnes, down 54 percent from December, after the South Asian country increased its import duties on refined oil to 10 percent from 7.5 percent, the industry group said. Indonesia's exports to Pakistan dropped 42 ...
Soybeans near 5-month high, wheat holds at 2-month peak HAMBURG/SINGAPORE: Chicago soybeans were little changed on Wednesday, hovering near five month highs touched on Tuesday, as unfavourable South American crop weather added to concerns about tight US supplies.But a forecast of rain for parched Brazilian soybean crops weakened the upward trend.Wheat remained near its highest since late December on strong physical market prices in the United States, where cold weather is threatening winter crops.Chicago Board Of Trade March soybeans were unchanged at $13.61 a ...

 



 
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Arrow DJIA 18,288.63 0.86
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln