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Palm edges up on near 6-year low ringgit, but struggles with grim outlook KUALA LUMPUR: Malaysian palm futures slipped to a two-week low on Tuesday as lacklustre demand and a grim outlook on global commodity markets piled pressure, but prices pulled up in late trade as they clung onto support from the ringgit that slumped to near 6-year lows.Industry experts say palm prices face a volatile year in 2015 and will be driven by global demand factors, including uncertain market movements in crude and rival edible oils. The Malaysian Palm Oil Board predicted that in its worst scenario, prices could drop to six-year lows of 1,820 ringgit a tonne."Going forward, we expect limited near-term catalysts as we gather that a possible weak El Nino and lacklustre biodiesel demand would limit immediate CPO price upside," Kenanga Investment Bank said in a note."...we believe that CPO prices are likely to soften in H2 2015 due to recovery in production as well as the effects of ...

Gold near 4-month high on fund inflows, safe-haven bids SINGAPORE: Gold held close to a four-month high on Monday as uncertainty in global markets pushed investors towards the safe-haven metal, with holdings in the top bullion fund recording their biggest jump in nearly five years.A market rout after Switzerland unexpectedly abandoned a cap on the franc last week triggered strong bids for gold, often seen as an alternative investment to risky assets.Holdings in SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, climbed 1.92 ...
Palm prices seen volatile in 2015, may touch 6-year lows: MPOB KUALA LUMPUR: Palm oil futures could drop this year to their lowest level since February 2009 and may be volatile because uncertainty in the global economy causes prices in commodity markets to fluctuate, an official from the Malaysian Palm Oil Board said on Monday.Malaysian palm oil prices, which set the tone for global prices, are expected to trade between 1,820 ringgit ($504) and 2,750 ringgit in 2015, against earlier estimates of 2,300-2,500 ringgit, said Ramli ...
China Dec cotton imports at 264,500 T, down 57pc y/y: industry website BEIJING: China imported 264,500 tonnes of cotton in December, down 57 percent from the corresponding month a year ago, said industry website Cncotton.com, citing customs data.The country imported 2.4 million tonnes of the fibre for the full year 2014, down 41 percent, after the government issued fewer import quotas to mills.Copyright Reuters, 2015 ...
Palm ends lower on bleak global outlook, weather worries supports KUALA LUMPUR: Malaysian palm oil futures ended lower in choppy trade on Monday, reversing gains made in the morning session on concerns that a gloomy global economic outlook will weaken prices.The benchmark contract had risen in early trade to touch 2,336 ringgit as wet weather lifted expectations that January output could be lower than expected, following flood warnings from Malaysia's weather bureau for parts of its top growing regions of Sabah and Sarawak."On the local ...
Weak El Nino unlikely to disrupt Southeast Asia palm oil supply KUALA LUMPUR: The weak El Nino conditions expected over the next three months are unlikely to disrupt palm oil output in Southeast Asia, the source of most of the world's supply, the head of a palm research company said on Monday.Ling Ah Hong, director at Malaysia-based plantation research company Ganling Sdn Bhd said that while it is still possible for El Nino to emerge in the first quarter of the year, it will be weak ...
Shanghai Gold Exchange to launch options trade on trial basis SINGAPORE: China will soon launch gold options on a trial basis on the Shanghai Gold Exchange (SGE) to boost its bid to develop a viable bullion price benchmark, the bourse said on its website.China currently bans trading in commodity options to limit speculation, but allowing participants to test options trade indicates its openness to altering that rule.The Shanghai Futures Exchange has been running simulated options trade for gold and other commodities since late 2013.The state-run ...

 



 
Index Closing Chg%
Arrow DJIA 17,164.95 1.45
Arrow Nasdaq 4,635.24 1.03
Arrow S&P 1,994.99 1.30
Arrow FTSE 6,749.40 0.90
Arrow DAX 10,694.32 0.41
Arrow CAC-40 4,604.25 0.59
Arrow Nikkei 17,674.39 0.39
Arrow H.Seng 24,507.05 0.36
Arrow Sensex 29,182.95 1.68






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln