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Wheat firm near 1-week high, corn falls on ample supply SINGAPORE/PARIS: Chicago wheat was fractionally firmer on Thursday after its biggest daily gain in more than a month in the last session due to a US crop tour finding lower yields.Corn eased, snapping two sessions of gains, with ample global supplies and crop-friendly weather in the United States keeping a lid on prices.Chicago Board of Trade July wheat rose a quarter of a cent to $4.79-1/2 a bushel by 1100 GMT, having closed up 2.7 percent on Wednesday when prices hit a one-week high of $4.82-1/4 a bushel.Corn fell 0.1 percent to $3.64 a bushel after gaining 1.5 percent in the previous two sessions and soybeans were 0.2 percent higher at $9.84-1/2 a bushel."While the US is struggling to export wheat the rest of the world is not," Tobin Gorey, director of agricultural research at Commonwealth Bank of Australia, said in a note to clients."Consumers are still buying wheat and ...

China iron ore futures extend rally as buying picks up SHANGHAI: Chinese iron ore futures rose for the third straight day on Wednesday as steel mills in the world's top consumer stepped up restocking amid tighter availability of imported supplies of their primary raw material.Some traders had largely cut stocking up on iron ore to avoid losses after spot prices lost 47 percent last year and dropped another 34 percent this year before rebounding. That has left port warehouses short of supply now that steel ...
CBOT corn to climb to $3.71 SINGAPORE: CBOT July corn has bottomed around a support at $3.57 per bushel and is expected to rise to a resistance at $3.71.The support and the resistance are identified respectively as the 86.4 percent and the 61.8 percent Fibonacci projection levels of a downward wave (c) that developed from the March 31 high of $4.06.This wave could be divided into three waves, with the third wave labeled c further broken down into five small waves. ...
Vietnam coffee premiums rise as May shipments seen steady HANOI: Premiums for Vietnamese coffee widened this week as domestic prices weakened in line with London robusta futures, with underlying demand for the country's beans helping to keep exports nearly steady with the previous month. Vietnamese robusta eased to 37,300-38,500 dong ($1.72-$1.78) per kg in Daklak, Vietnam's top growing province, from 39,000-39,300 dong last Tuesday.The drop came after the ICE July robusta contract closed down 1.1 percent at $1,772 a tonne on Friday.London markets were ...
NY cocoa neutral in $2,858-$2,900 range SINGAPORE: New York July cocoa looks neutral in a range of $2,858-$2,900 per tonne, and an escape will point a direction. The range has been formed by the 38.2 percent and the 23.6 percent Fibonacci retracements on the uptrend from the March 31 low of $2,682 to the May 1 high of $2,967. The bias is towards the downside, following the sharp fall from the May 1 high of $2,967, which confirms the completion of ...
Palm oil jumps over 3 pct as ringgit slumps KUALA LUMPUR: Malaysian palm oil futures jumped more than 3 percent on Tuesday to their highest in nearly two weeks as the ringgit slid and overseas soyoil markets tracked by palm underpinned sentiment.The benchmark July contract on the Bursa Malaysia Derivatives exchange rose as much as 3.1 percent to 2,168 ringgit ($601) a tonne, its highest since April 24, on reopening after a long weekend. It settled at 2,156 ringgit, up 2.6 percent, by the ...
China to expand coal ban to suburbs BEIJING: China will expand its bans on coal burning to include suburban areas as well as city centres in efforts to tackle air pollution, the top energy agency said on Tuesday. Detailing its clean coal action plan 2015-2020, the National Energy Administration (NEA) said it would promote centralised heating and power supply by natural gas and renewables, replacing scattered heat and power engines fuelled by low quality coal. The world's biggest coal consumer will ban ...

 



 
Index Closing Chg%
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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%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln