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Brent oil price slips in light holiday trading   PERTH: Brent oil futures dipped slightly in Asia early on Monday in thin trading due to the Chinese New Year holiday, but data showing stronger than expected demand growth in China limited losses.   On Friday, Brent crude prices hit a nine-month high near $119 per barrel after news that Chinese oil imports rose in January to their third-highest daily rate on record.   The higher than expected oil imports were interpreted as a sign of an accelerating economic rebound in the world's second-biggest oil consumer.   "(Oil price gains) are happening against a backdrop of an overall moderate improvement in world economic growth outlook and demand," Ric Spooner, chief market analyst at CMC Markets in Sydney said.   Brent dipped 5 cents to $118.85 per barrel by 0400 GMT, after reaching $119.17 per barrel on Friday, the highest since May.   US crude futures dipped 2 cents to $95.70 per barrel.   Traders will be closely watching US retail sales ...

Indian gold buyers wait for below support price levels MUMBAI: Gold buying in India remained subdued, with negligible stocks of the yellow metal bought before the tax hike, while consumers waited for a price correction below support levels.   Weddings and festive season have started in India, the world's biggest buyer of the metal, but the federal government plans to restrict gold buying by announcing more measures in addition to a 50 percent hike in import duty to keep a lid on its bloating current account ...
India wheat seen down on improvement in supplies, higher production MUMBAI: Wheat futures in India, the world's second-largest producer, are likely to fall this week on an expected rise in production amid signs of improvement in supplies in spot markets.   The government is sitting over huge stocks, more than four times the target of 8.2 million tonnes, and traders expect it to offload some of the stocks in the open market and allow additional exports to create space for the new season crop.   The government also needs ...
Indian soyoil falls over 1pc; rapeseed up           MUMBAI: Indian soyoil dropped more than 1 percent on Tuesday, weighed by falling overseas markets, while rapeseed futures edged higher, trading at a sharp discount to spot market.   Malaysian palm oil futures eased on Tuesday on some profit-taking after four straight sessions of gains, but hopes of better-than-expected inventory and export data next week limited losses.   The actively traded soyoil contract for March delivery on the National Commodity and Derivatives Exchange (NCDEX) was 1 percent down at ...
India sugar hits 7-month low on sluggish demand           MUMBAI: Indian sugar futures extended losses on Tuesday to hit their lowest in seven months as demand remained sluggish despite a modest cut in prices from millers struggling to make cane payments.   At 1012 GMT, the key February sugar contract on India's National Commodity and Derivatives Exchange was down 0.1 percent at 3,064 rupees ($57.53) per 100 kg. It dropped to 3,050 rupees earlier, a level last seen on July 11, 2012.   Spot sugar fell 2 rupee ...
Vietnam Coffee-Feb exports seen down, bids widen   HANOI: Coffee exports from Vietnam, the world's largest robusta producer, could drop by a quarter to half from January's shipments as less trading activity is expected in holiday-shortened February, traders said on Tuesday.   Exporters said they were keen to sell only for nearby shipment, even though their purchases on domestic markets have picked up in recent days thanks to a price rise that trailed gains on global markets.   A slide in shipments from Vietnam this month, coupled ...
Tokyo futures ease from 10-month high, follow shares down           TOKYO: Benchmark Tokyo rubber futures on Tuesday dropped from a 10-month high hit the day before, with investors taking profits in shares and other riskier assets after recent rallies.   But ongoing monetary easing from major central banks continued to underpin sentiment, analysts and traders said.   The most-active rubber contract on the Tokyo Commodity Exchange (TOCOM) for July delivery fell 1.8 yen, or 0.5 percent, to settle at 331.5 yen ($3.6) per kg.   "A halt in the rally in ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln