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NY coffee to retest support at $1.7585 SINGAPORE: New York March coffee is expected to retest a support at $1.7585 per lb, as its drop from the Jan. 12 high of $1.8490 is far from complete.The drop followed the completion of a rebound from the Jan. 5 low of $1.6010. It has been disrupted by a support at $1.7585, the 38.2 percent Fibonacci retracement on the downtrend from the Nov. 19, 2014 high of $2.0135 to $1.6010. The rebound triggered by the support could be weak, limited to $1.8075, the 50 percent retracement.A drop to the Jan. 13 low of $1.7385 will confirm the break below the support, and the next support at $1.6985, the 23.6 percent level, will be targeted.Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses. Copyright Reuters, 2015 ...

NY cocoa to retrace to $2,954 SINGAPORE: New York March cocoa may retrace to support at $2,954 per tonne as it failed to break resistance at $3,023.Resistance is provided by the 100 percent Fibonacci projection level of an upward wave C, the third wave of a three-wave cycle that developed from the Nov. 13, 2014 low of $2,780. The drop from the Jan. 13 high of $3,015 indicates the development of a flat pattern, which consists of three similar waves. Cocoa ...
India eyes wheat exports, but cheap European supplies pose challenge SINGAPORE/NEW DELHI: A rally in global wheat prices and a looming tax on Russian exports have set the stage for a resumption in India's overseas sales, although cheaper European supplies could provide stiff competition to the South Asian nation. Exports by the world's No.2 wheat producer after a six-month gap could cap benchmark wheat prices which soared 20 percent in the past quarter on worries over Russian supplies. "India is in a unique position to ...
India's Dec palm oil imports rise, trend may continue MUMBAI: Indian palm oil imports rose 5 percent to 836,447 tonnes in December from a month earlier because of tight supplies of local soyoil plus the decision by big producers to allow duty-free exports of palm oil, which made overseas purchases cheaper.The world's biggest edible oil importer is likely to make higher overseas purchases in January, too, after Malaysia decided to leave its palm oil exports duty-free until the end of February, industry officials said. ...
Japan to import 90,925 tonnes feed wheat and barley via tender TOKYO: Japan's Ministry of Agriculture said it would import 32,045 tonnes of feed-quality wheat, and 58,880 tonnes of barley for livestock use, via a simultaneous buy-and-sell (SBS) auction that closed late on Wednesday.The ministry had sought 120,000 tonnes of feed wheat and 200,000 tonnes of feed barley to be loaded by Feb. 13 and arrive in Japan by March 13 in the tender that is usually conducted weekly.It is seeking the same amounts for each ...
European coal import prices drop; World Bank cuts growth outlook SINGAPORE/LONDON: European coal import prices dropped this week, extending a recent rout that has dragged the benchmark rate down about 25 percent to a discount versus Asian coal. More falls are expected due to a persistent downward pressure from plunging oil prices and a cut in global growth forecast by the World Bank due to disappointing prospects in the euro zone and Asia, traders said. Prices of coal arriving in February at Europe's main import ...
Thai sugar premiums slip in muted trade, supplies to pick up NEW DELHI: Thai sugar premiums slipped after nearly two weeks of muted trade, but dealers anticipate a surge in deals in end-January and early February when Bangkok is ready to sell the sweetener in the world market. "Although there were a few deals for Brazilian sugar, we did not get to hear any major trade in the region. But we do expect a reasonably good quantity of Thai sugar getting traded by the end of ...

 



 
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Arrow DJIA 17,409.00 1.31
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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%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln