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Palm oil eases on increased stocks ROTTERDAM: Palm oil on the European vegetable oils market eased slightly on Thursday following MPOB supply/demand data and Chinese soybean cancellations weighed on most other products."Malaysian palm oil stocks were slightly up as output exceeded demand in March, which weighed on prices on the European cash market. Wednesday's USDA supply/demand data was initially slightly bullish, but strength swiftly vanished because of profit taking and talk about Chinese cancellations of US and Brazilian soybean contracts," one broker said.Palm oil was offered between unchanged and $7.50 a tonne down from Wednesday after Malaysian palm oil futures closed between six ringgit per tonne up and six ringgit down, pressured by bearish MPOB stocks but losses were limited by slightly stronger Malaysian palm oil exports during the first 10 days of April. At 1730 GMT CBOT soyoil futures were between 0.44 and 0.52 cents per lb down on profit taking following Wednesday's gains and ...

Soymeal eases with CBOT on technical selling ROTTERDAM: Soymeal on the European meals and feeds market was offered mostly easier on Thursday, tracking CBOT soymeal futures, which eased on technical selling and because of talk about China defaulting on soybean contracts."After Chicago was bullish on the USDA supply/demand data, the market eased on profit taking and China cancelling a substantial amount of soybeans, which kept buyers on the European cash market on the sidelines," one broker said.South American soymeal was mostly offered ...
Coffee extends gains after biggest rally in a month LONDON: Arabica coffee futures on ICE rose on Monday, taking total gains to over 10 percent in the past two sessions, as concern over the damage from dry weather to the crop of top grower Brazil continued to plague the market.Arabica coffee had its biggest jump in over a month at more than 6 percent on Friday, heading towards last month's two-year high, because of concerns on Brazilian weather. The extent of crop losses from ...
Gold dips as investors cash in gains sparked by U.S. data LONDON: Gold inched lower on Monday, easing below $1,300 an ounce, as investors cashed in gains following its biggest one-day jump in three weeks, after a soft monthly jobs report last week allayed worries about an early rise in U.S. interest rates.Bullion rose 1.2 percent on Friday after March non-farm payrolls came in slightly below the consensus estimate for a 200,000 jobs increase at 192,000, but retreated from those levels on Monday.Spot gold was down ...
LME to launch aluminium premium contract; no word on court appeal LONDON: The London Metal Exchange (LME) said on Monday it plans to launch a physically-settled aluminium premium contract and may expand it to other metals.The LME, the world's biggest marketplace for industrial metals, did not say in its statement whether it would appeal against a court ruling that halted a key reform aimed at cutting backlogs in its global warehouse network."The (warehouse reform) rule may still be implemented, potentially with revised timing periods, either as ...
Copper up as investors look to China for monetary easing LONDON: Copper recovered on Monday after falling to its lowest level in more than a week as investors nervously awaited signals from policymakers in top consumer China about monetary policy easing.A weak dollar also helped support gains for metals prices, as the U.S. currency fell against a basket of currencies.Concerns about demand growth in China have waned in recent days on the prospect for more monetary stimulus, lending support to copper. However, prices are still ...
Copper price bounces on Chile quake; oil hit by Libya LONDON: Copper bounced this week on supply fears after a vast earthquake in top producer Chile, while Brent oil dived on the prospect of rebounding Libyan crude supplies, analysts said.Other commodities experienced mixed fortunes as investors digested Friday's broadly in-line non-farm payrolls data in the United States, which is a leading consumer of many raw materials.BASE METALS: The enormous earthquake in Chile sent copper jumping to a three-week peak, while supply risks also sent nickel ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln