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Japan to import 42,740 tonnes feed wheat via weekly tender TOKYO: Japan's Ministry of Agriculture said it would import 42,740 tonnes of feed-quality wheat and 29,505 tonnes of barley for livestock use via a simultaneous buy and sell (SBS) auction that closed late on Wednesday.The ministry had sought 120,000 tonnes of feed wheat and 200,000 tonnes of feed barley that was either to be loaded by Feb. 7 or arrive by March 7 in the tender that is usually conducted weekly.It is seeking the same amounts for each grain in a similar tender that will be held on Jan. 22.Japan buys a small portion of feed wheat and barley via so-called SBS auctions, in which end-users and importers specify the origin, price and quantity of grain, allowing millers to meet their varied needs for the feed grain. Copyright Reuters, 2014 ...

India seeks gold purchase information MUMBAI: India has asked jewellers to provide information on purchases of gold bars or jewellery worth more than 500,000 rupees ($8,100) by the end of this month, a move seen keeping a check on big transactions amid rising smuggling. India has been trying to curtail shipments of gold, the second-biggest import bill after crude oil, as it seeks to curb a gaping trade deficit. The country last year raised import duty to 10 ...
NY coffee to drop towards $1.14 SINGAPORE: New York March coffee is expected to drop towards $1.14 per lb, as it has fallen below a triangle.The pattern has thus been proved to be bearish. A trendline parallel to the upper trendline of the triangle points a target at $1.14.However, a triangle is generally the least reliable pattern, as a result, it will be much cautious to target $1.14 after coffee drops below the Jan. 10 low of $1.1785.A rise above the ...
LME aluminium signals mixed SINGAPORE: Signals are mixed for LME aluminium, as it is not clear if the rebound from the Jan. 9 low of $1,751 will extend. The extension will be confirmed when aluminium climbs above a resistance at $1,785, the 38.2 percent Fibonacci retracement on the fall from the Dec. 30, 2013 high of $1,839 $1,751. Both the wave pattern and an inverted head-and-shoulders under formation indicate a possibility of the extension, as an upward wave c ...
Shanghai copper signals mixed SINGAPORE: Signals are mixed for Shanghai copper, as it has approached a support at 51,380 yuan per tonne again.The support is provided by the 38.2 percent Fibonacci projection level of a presumed wave c that started at 52,080 yuan, an hourly chart high touched on Jan. 10.Copper failed to break the support in its first attempt on Monday and may succeed in its current attempt. The break will be confirmed when copper drops below 51,300 ...
Gold drops on stronger equities, US retail sales data SINGAPORE: Gold retreated for a second session on Wednesday, moving further away from a one-month high, as a rally in stock markets prompted by strong US retail sales data dented the metal's appeal as a safe haven.The metal had been rising in the days before the retail sales data as a disappointing jobs report last week stoked speculation the US Federal Reserve could slow the pace of its stimulus tapering.Spot gold eased 0.3 percent to ...
Palm oil looks exhausted, to bottom soon SINGAPORE: Malaysian palm oil looks exhausted and may bottom very soon. The contract is riding on the final wave of a wave c that started at the Jan. 2 high of 2,669 ringgit. This is the third wave of a three-wave cycle that developed from the Dec. 9, 2013 high of 2,708 ringgit. A Fibonacci projection analysis points two levels for the bottom at 2,485 ringgit or 2,463 ringgit, respectively the 123.6 percent and the ...


Index Closing Chg%
Arrow DJIA 17,191.37 1.13
Arrow Nasdaq 4,638.00 0.93
Arrow S&P 2,002.16 1.35
Arrow FTSE 6,825.94 0.21
Arrow DAX 10,710.97 0.78
Arrow CAC-40 4,610.94 0.29
Arrow Nikkei 17,795.73 0.15
Arrow H.Seng 24,861.81 0.22
Arrow Sensex 29,559.18 0.04

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln