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Vietnam's key rice harvest seen flat at 13.5mn tonnes HANOI: Vietnam has harvested an estimated 13.5 million tonnes of winter-spring paddy from its southern region, incorporating the Mekong Delta food basket, nearly unchanged from last year, the Agriculture Ministry said on Tuesday.Production eased slightly from 13.56 million tonnes harvested in a similar crop in 2014 due to lower yields, the ministry said in a monthly report. The Mekong Delta produces 90 percent of Vietnam's rice exports.Stable output while rice shipments from Vietnam, the world's third-largest exporter of the grain after India and Thailand, have dropped around 11 percent so far this year could keep downward pressure on export prices in coming months.Copyright Reuters, 2015 ...

Iron ore extends rally as Chinese port stocks dwindle SINGAPORE: Spot iron ore prices rose to their highest in more than a week above $61 a tonne as stocks of the raw material at Chinese ports dropped to their lowest level since December 2013, pointing to firm demand as mills rebuild inventories.Stocks of imported iron ore at major Chinese ports fell for a fifth straight week to 86.70 million tonnes last week, according to data monitored by consultancy SteelHome. The inventory has fallen 15 ...
Palm oil to rise to 2,203 ringgit SINGAPORE: Palm oil may rise to 2,203 ringgit per tonne, as it has cleared a resistance at 2,183 ringgit.The resistance was provided by the 38.2 percent Fibonacci projection level of an upward wave C, the third wave of a three-wave cycle that developed from the April 29 low of 2,070 ringgit.The next resistance will be at 2,203 ringgit, the 50 percent level, a break above which could lead to a gain to 2,222 ringgit, the ...
Vietnam's May coffee exports fall to 100,000 tonnes HANOI: Vietnam, the world's top robusta coffee producer, will export an estimated 100,000 tonnes (1.67 million bags) of the commodity this month, down 27.3 percent from a year ago, the government said on Tuesday, in line with market expectations.The May shipment would bring coffee exports so far in Vietnam's October 2014-September 2015 crop year to 872,100 tonnes (14.53 million 60-kg bags), down 28 percent from a year before, the General Statistics Office said in its ...
Palm ends higher as strong exports lift; delay to Indonesia CPO levy pressures KUALA LUMPUR: Malaysian palm oil futures ended higher on Monday after touching their lowest level this month, lifted by strong exports in the No.2 grower, but a delay to export levies in the world's top producer Indonesia mounted some pressure onto the contract.Cargo surveyor Intertek Testing Services (ITS) reported exports of Malaysian palm oil products for May 1-25 rose 52.9 percent to 1,382,782 tonnes from 904,112 tonnes shipped during April 1-25. Shipments of crude palm ...
TOCOM falls in thin trade, weaker yen caps losses TOKYO: Benchmark Tokyo rubber futures fell in lacklustre trade on Monday, weighed down by weaker Shanghai futures in early afternoon, but losses were capped as the dollar was firm near a two-month high against the yen, dealers said.The Tokyo Commodity Exchange (TOCOM) rubber contract for October delivery finished 1.6 yen, or 0.7 percent, lower at 217.6 yen ($1.79) per kg, after recovering from an intra-day low of 216.5 yen.The contract for May delivery expired on ...
TOCOM recovers from 3-week low on oil's rise and weak yen TOKYO: Benchmark Tokyo rubber futures rose on Thursday, recovering from the three-week low hit the previous day, as firmer crude oil prices and a weak yen caused investors to cover their short positions, dealers said.The Tokyo Commodity Exchange rubber contract for October delivery finished 2.1 yen, or 1 percent, higher at 217.7 yen ($1.80) per kg."Higher oil prices and weak yen lent a support to the market," said a Tokyo-based dealer who declined to be ...

 



 
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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%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJune 25, 2015
Reserves $17.457 bln