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Vietnam's 2014/2015 coffee output seen down in Daklak HANOI: Coffee production in the key Vietnamese growing province of Daklak could fall 10 percent in 2014/2015 to nearly 420,000 tonnes due to lower yields from old trees and dry weather, provincial officials said on Tuesday. "We are still assessing the crop but output could drop around 10 percent from last year," said a senior official at Daklak's agriculture department, who declined to be identified as he was not authorised to speak to media. "The crop suffered a drought during the flowering period, which shrank the bean size," he said. Many coffee farms in the province have old trees and their yield has been declining, Chairman Trinh Duc Minh of Buon Ma Thuot Coffee Association told Reuters. Buon Ma Thuot is the capital city of Daklak. The province produces about a third of the total coffee output in Vietnam, the world's largest robusta producer. Copyright Reuters, 2014 ...

LME copper may break support at $6,660 SINGAPORE: LME copper may break a support at $6,660 per tonne and fall more towards the next support at $6,633. The support is provided by the 38.2 percent Fibonacci projection level of an upward wave c that developed from the Nov. 13 low of $6,590. The next support will be at $6,633, the 23.6 percent level. A rise above $6,681, the 50 percent level, will make signals neutral. Only a further gain above the 61.8 ...
China October cotton imports at 81,900 tonnes, down 42pc on year BEIJING: China imported 81,900 tonnes of cotton in October, down 42 percent on the same month last year, the China Cotton Association said on Tuesday, citing customs data. The world's top consumer of the fibre has imported 2.08 million tonnes of cotton in the first 10 months of this year, a decline of 38 percent on last year. Chinese imports dropped after textile firms chose to import yarn instead of cotton, which incurs lower import ...
LME aluminium biased to test support at $2,008 SINGAPORE: LME aluminium is biased to test a support at $2,008 per tonne, a break below which will lead to a further loss to $1,986. The support is at the 38.2 percent Fibonacci retracement on the rise from the Oct. 16 low of $1,893.5 to the Nov. 6 high of $2,078.75, it has triggered a rebound which seems to have completed around the 23.6 percent level of $2,035. A break above $2,035 will open the ...
Shanghai copper to fall into 46,770-46,930 yuan range SINGAPORE: Shanghai copper third month is expected to drop into a range of 46,770-46,930 yuan per tonne, as it could have completed a rebound from the Nov. 5 low of 46,510 yuan.The rebound has been driven by a wave c, the third wave of a three-wave cycle that developed from the Oct. 17 low of 46,270 yuan. The depth of the fall from the Nov. 17 high of 47,880 yuan suggests this wave has ended.Copper ...
Palm oil to rise to 2,253 ringgit SINGAPORE: Palm oil is expected to rise to 2,253 ringgit per tonne, as it has broken a resistance at 2,225 ringgit. The resistance was at the 50 percent Fibonacci retracement on the rise from the Oct. 16 low of 2,104 ringgit to the Nov. 3 high 2,345 ringgit.The next resistance will be at 2,253 ringgit, the 38.2 percent level.Wave pattern suggests palm oil is riding on a wave c, the third wave of a three-wave ...
TOCOM ends down after hitting 3-1/2 month high TOKYO: Benchmark Tokyo rubber futures ended down 0.7 percent on Monday, erasing earlier gains, as the dollar pulled back from a seven-year high, dealers said.The dollar swung wildly against the yen on Monday, initially spiking to a seven-year high after data showed Japan's economy unexpectedly slipped into recession before pulling down as the grim economic news sent Tokyo stocks tumbling.Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, ...


Index Closing Chg%
Arrow DJIA 17,814.94 0.02
Arrow Nasdaq 4,758.25 0.07
Arrow S&P 2,067.03 0.12
Arrow FTSE 6,731.14 0.02
Arrow DAX 9,861.21 0.77
Arrow CAC-40 4,382.31 0.32
Arrow Nikkei 17,407.62 0.29
Arrow H.Seng 23,843.91 0.21
Arrow Sensex 28,338.05 0.57

Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln