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Strong exports, prospect of lower output lift palm to 6-week high KUALA LUMPUR: Malaysian palm oil futures stretched gains into a third day on Thursday to touch their highest in more than six weeks, buoyed by robust demand and expectations that output would drop this month.Market players said that firm export demand, coupled with weaker palm yields in September, would prevent another big rise in inventories in the top palm-growing countries.In August, Malaysia's stocks surged 22 percent from July to 2.05 million tonnes.Exports of Malaysian palm oil products rose 29.6 percent to 1,278,703 tonnes between Sept. 1-25 compared to the same period a month before, cargo surveyor Intertek Testing Services reported.Shipments to India, China and Europe - key buyers of palm oil - were stronger than in August, while total exports of crude palm oil for the period were nearly double that of July."Why not?" said a trader with a foreign commodities brokerage in Kuala Lumpur, asked about a potential jump ...

LME copper to revisit March 19 low of $6,321 in three months SINGAPORE: LME copper may revisit its March 19 low of $6,321 per tonne before rebounding towards resistance at $6,886 over the next three months. The rebound from $6,321 seems to be against a downtrend that developed from the Feb. 15, 2011 high of $10,190, as it ended around resistance at $7,234, the 23.6 percent Fibonacci retracement on the trend. The downtrend has developed for more than three years, while the rebound, until now, only about ...
Gold drops towards January lows as dollar hits 4-year peak SINGAPORE: Gold extended losses on Thursday, dropping towards its lowest since early January, as robust US economic data curbed the metal's safe-haven appeal and the dollar index rallied to four-year highs.Investors will be watching more US data due later on Thursday, including durable goods orders for August, to gauge the strength of the world's largest economy and the implications for the Federal Reserve's monetary policy and the dollar.Markets fear strong data could prompt the Fed ...
Asia Coffee: Roasters chase Sumatran beans; Vietnam's new crop ignored SINGAPORE: Indonesian robustas attracted purchases from local roasters this week despite high premiums to London futures, while beans from Vietnam's new harvest waited for buyers, dealers said on Thursday. Indonesia competes with Vietnam in selling caffeine-rich robusta, which is mainly used in instant coffee or blended with higher-quality arabica for a lower-cost brewed coffee. The two countries account for about a quarter of global coffee output. Sumatran grade 4, 80 defect robusta beans were offered ...
Palm rises on export hopes, output seen weaker in Sept KUALA LUMPUR: Malaysian palm oil futures rose on Wednesday, fuelled by optimism that robust export demand amid easing palm production in September would help curb a rise in stockpiles in the world's second-largest grower.The Malaysian Palm Oil Association, a group of planters, estimated that crude palm oil production fell 12.2 percent between Sept. 1 and Sept. 20, signalling that the pace of output growth may have lost steam after surging 22 percent to 2.03 million ...
Soybeans, corn and wheat stage limited bounce from four-year lows HAMBURG/SINGAPORE: Chicago corn, soybeans and wheat rose on Wednesday from four-year lows touched by some contracts the previous day, though good weather speeding the harvest of expected record crops in the US Midwest is likely to keep pressure on prices."We are seeking a light recovery in soybeans, corn and wheat today, with some bargain-buying interest," said Frank Rijkers, agrifood economist at ABN AMRO Bank. "But I would regard this as a temporary bounce and we ...
Palm edges higher on export hopes, output seen weaker in Sept KUALA LUMPUR: Malaysian palm oil futures edged higher on Wednesday, fuelled by optimism that robust export demand amid easing palm production in September would help curb a rise in stockpiles in the world's second-largest grower.The Malaysian Palm Oil Association, a group of planters, estimated that crude palm oil production fell 12.2 percent between Sept. 1 and Sept. 20, signalling that the pace in output growth may have lost steam after surging 22 percent to 2.03 ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln