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Palm touches highest in nearly 2 weeks, follows overseas soyoil markets KUALA LUMPUR: Malaysian palm oil futures rose to their highest in nearly two weeks on Tuesday, pulling up from three-week lows in the previous session, boosted by a jump in overseas edible oil markets and strong export demand.Traders said overnight gains in US and Chinese soyoil have paved the way for palm to rise, after Malaysian exports surged in the May 1-25 period.The US July soyoil contract was up 1.2 percent in late Asian trade after reopening following the US Memorial Day holiday. The most active September soybean oil contract on the Dalian Commodity Exchange had climbed 1.8 percent by 1017 GMT, after rising as high as 5,820 yuan ($938.12).Palm typically tracks rival soyoil, a common food and fuel substitute."Our market could not move much because soybean oil didn't move in the last few days. So when these overseas vegetable oil markets went up, palm just followed," said a trader ...

TOCOM hits 14-month high on firmer Shanghai, yen fall TOKYO: Benchmark Tokyo rubber futures surged to a 14-month high on Tuesday following a jump in Shanghai futures on the back of strong Chinese equities and a sharp drop in the yen against the U.S. dollar, dealers said.Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, had touched a 13-month high earlier this month, led by a flurry of buys from Chinese funds, but investors and traders have ...
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 ...
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 ...

 



 
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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%
MonthlyApril
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 26, 2015
Reserves $17.749 bln