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Natural rubber output to resume growth in 2015, China imports to drop KOCHI: Global natural rubber output could jump over 5 percent this year after posting its first drop in a half-decade in 2014, as a price rebound prompts more tapping in key producers Thailand, Vietnam and India, a top industry official said.The Association of Natural Rubber Producing Countries (ANRPC) expects international output of 11.18 million tonnes in 2015, its secretary-general told Reuters. Despite rising production, natural rubber prices are likely to extend gains after climbing over a quarter since hitting their lowest in more-than five years in September last year, boosted by lower inventory and economic recovery in the United States. "Total world consumption didn't fall last year. There was incremental growth, which depleted stocks," Sheela Thomas said on the sidelines of industry conference India Rubber Meet. At the end of January, stocks in ANRPC countries stood at 988,300 tonnes, down nearly a quarter from last year's level. "In the next ...

LME aluminium to fall to $1,776 SINGAPORE: LME aluminium is expected to break a support at $1,790 per tonne and fall more to $1,776, as it could have completed a rebound from the March 3 low of $1,786.50. The rebound ended slightly below a resistance at $1,811, the 61.8 percent level, and the current drop could be as sharp as the one from the March 2 high of $1,833. However, it is strategically safe to target $1,776 when aluminium drops below ...
Palm oil to drop into range of 2,275-2,312 ringgit SINGAPORE: Palm oil is expected to drop more into a range of 2,275-2,312 ringgit per tonne, as it could have completed a three-wave cycle that developed from the Jan. 30 low of 2,106 ringgit.The most convincing signal is that the third wave of the cycle from the Feb. 4 low of 2,216 ringgit could be broken down into five small waves. Further indication has been given by a drop from the March 4 high of ...
China sells 31pc of US wheat offered in auction BEIJING: China sold 31 percent of the 29,712 tonnes of US soft red winter (SRW) wheat it offered from its state reserves this week as flour mills resume operation after week-long lunar New Year holidays.The 9,220-tonne sale fetched 2,460 yuan ($392) per tonne, the same as the previous sale on Feb. 11 when the government sold 8,098 tonnes out of the total offer of 37,810 tonnes.Copyright Reuters, 2015 ...
Gold rises above $1,200, but robust dollar curbs gains SINGAPORE: Gold edged above $1,200 an ounce on Thursday after a three-day losing streak as equities weakened, but gains were limited by robust US economic data and strength in the dollar.Spot gold had ticked up 0.4 percent to $1,203.70 an ounce by 0343 GMT, after losing 1 percent in the last three sessions, as Asian stocks slipped after Wall Street continued to pull back from record highs.However, with the dollar at an 11-1/2-year peak after ...
CBOT soybeans may break support at $9.91-1/4 SINGAPORE: CBOT soybeans May contract may retest a support at $9.91-1/4 per bushel, with a good chance of breaking below this level and falling more to $9.80.The support is at the 61.8 percent Fibonacci retracement on the rise from the Jan. 30 low of $9.61-3/4 to the March 2 high of $10.39, temporarily blocking the way towards the 76.4 percent level at $9.80.The uptrend from the Feb. 11 low of $9.71 has been developing in ...
South Korea's KOCOPIA seeks 55,000 tonnes of corn for June SEOUL: South Korea's Korea Corn Processing Industry Association (KOCOPIA) is seeking 55,000 tonnes of US or worldwide origin corn for June arrival via a tender, South Korean traders said on Thursday.The tender will close at 4:30 p.m. (0730 GMT) on Thursday, and the shipment should arrive at the ports of Incheon and Kunsan by June 30.Copyright Reuters, 2015 ...


Index Closing Chg%
Arrow DJIA 18,135.72 0.21
Arrow Nasdaq 4,982.81 0.32
Arrow S&P 2,101.04 0.12
Arrow FTSE 6,961.14 0.6
Arrow DAX 11,504.01 1.00
Arrow CAC-40 4,963.51 0.94
Arrow Nikkei 18,751.84 0.26
Arrow H.Seng 24,193.04 1.11
Arrow Sensex 29,448.95 0.23

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $16.137 bln