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Palm edges up before Lunar New Year despite bigger output concerns KUALA LUMPUR: Malaysian palm oil futures ended slightly higher in a shortened session on Wednesday, tracking US soy markets ahead of the Lunar New Year break, but the prospect of bigger yields at a time of sluggish demand stopped prices going much higher.Malaysian markets closed for the holiday after the morning session on Wednesday and will reopen on Monday.At the close, the benchmark May contract had edged up 0.6 percent to 2,300 ringgit ($640) per tonne, with prices trading narrowly between 2,289 and 2,312 ringgit.The contract added 0.7 percent on the week after falling nearly 3 percent last week.Many investors are already away and volume was low during the morning, with only 10,933 lots of 25 tonnes traded against the usual average of 12,500 lots.Monsoon flooding in December and January cut crude palm oil production in the No. 2 grower to its weakest in four years last month, but industry ...

CBOT soybeans to test resistance at $10.11-1/2 SINGAPORE: CBOT soybeans March contract is expected to test resistance at $10.11-1/2 per bushel, a break above which will open the way towards the next resistance at $10.25.These two resistances are identified respectively as the 50 percent and the 61.8 percent Fibonacci retracements on the fall from the Dec. 29 high of $10.68-1/4 to the Jan. 30 low of $9.55 per bushel. Strategically, a rise to $10.13 may confirm both a break above $10.11-1/2 and ...
CBOT wheat still targets $5.62-3/4 SINGAPORE: CBOT March wheat still targets $5.62-3/4 per bushel, as it has managed to hover around support at $5.35-3/4.The support is provided by the 23.6 percent Fibonacci retracement on the fall from the Dec. 18 high of $6.77 to the Feb. 2 low of $4.92-1/4. The drop from the Feb. 17 high of $5.48 is regarded as a pullback towards this support.A wave pattern suggests wheat is riding a wave c, which may travel a ...
Iron ore pulls back as China holiday begins SINGAPORE: Iron ore fell back to near its lowest level in almost six years on Wednesday as trading activity wound down with top buyer China away for Lunar New Year holiday and a glut of ore likely to keep prices under pressure.The price of the bulk commodity could pick up, however, when Chinese steel demand improves next month as the construction season gains pace with warmer weather, analysts said.A 90,000-tonne Australian iron ore cargo for ...
Philippines ramps up rice buying to boost buffer stock MANILA: The Philippines' state grains procurement agency on Tuesday stepped up efforts to boost its rice buffer stock, formally announcing a plan to import 500,000 tonnes while embarking on its biggest local buying programme in five years.Despite record-high domestic harvests in recent years, including last year's output, the Southeast Asian country remains one of the world's biggest rice buyers, with neighbours Vietnam and Thailand its traditional suppliers.The National Food Authority (NFA), which acts to ensure ...
TOCOM falls as investors take profit ahead of China holiday TOKYO: Benchmark Tokyo rubber futures snapped three days of gains to head lower on Tuesday, pulling back from a 10-month high, as investors took profit ahead of the week-long Lunar New Year holiday in China that starts on Wednesday.The Tokyo Commodity Exchange (TOCOM) rubber contract for July delivery finished at 218.4 yen ($2) per kg, down 1.5 percent, or 3.3 yen."Investors took profit on concerns that the benchmark may fall sharply after the Lunar New ...
Philippines ramps up local rice buying; import plans due soon MANILA: The Philippines' state grains procurement agency has launched its biggest local rice buying effort in five years as it looks to build up buffer stocks and support local farmers, although the country will still require substantial imports.The National Food Authority (NFA), which acts to ensure food security, said it aims to buy 189,845 tonnes of paddy rice from local farmers from January to June this year, the biggest volume since 2010 when first-half purchases ...

 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln