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EU wheat rises after news Egypt bought French wheat PARIS: European wheat edged higher on Tuesday, helped by Egypt's purchase of French wheat in its latest tender.By 1457 GMT November wheat on the Paris-based Euronext futures was 0.50 euro or 0.3 percent higher at 162.00 euros a tonne.The contract had been in negative territory before the results of the tender, reacting to a fall on US wheat markets to contract lows.Egypt's state grain buyer, the General Authority for Supply Commodities (GASC), said on Tuesday it bought 180,000 tonnes of French wheat in a tender.It was the first time in nearly nine months that GASC had bought three cargoes of French wheat in a tender.But traders noted that the sale had been done at low prices, due to heavy negotiations with Cairo. There was an $8 per tonne spread between the best French offers submitted in the tender, offering GASC room for manoeuvre."They sold at a very aggressive level," one ...

Brazil raises 2014/15 coffee crop estimate to 45.14mn bags SAO PAULO: Brazil, the world's largest exporter of coffee, raised its estimate of the recently harvested 2014/2015 crop after good weather boosted output of the country's robusta crop, the Agriculture Ministry said on Tuesday.The overall coffee crop that ended harvest in past weeks is estimated at 45.14 million 60-kg bags, up from the 44.57 million bags forecast in May, the ministry's crop supply agency Conab said in its third estimate of the crop.The increase in ...

Sugar steadies above more than 4-year low LONDON: ICE raw sugar steadied on Tuesday above the previous session's more than four-year low as ample supplies and large global stocks weighed.Arabica coffee edged lower, while ICE cocoa held above a three-month low.Dealers said raw sugar futures continued to look vulnerable to further losses ahead of the October contract expiry due to the lack of demand.ICE October raw sugar futures edged up 0.07 cents, or 0.5 percent, to 13.74 cents a lb at 1313 ...

China signs agreements to buy 4.8mn tonnes of US soybeans CHICAGO: A Chinese trade delegation signed agreements with U.S. exporters to purchase 4.8 million tonnes of soybeans valued at $2.3 billion following a weeklong industry tour, the U.S. Soybean Export Council said on Tuesday.The 21 purchase agreements were signed late Monday during a global trade conference sponsored by the council in Milwaukee, Wisconsin.These routine buying missions occur yearly, reflecting China's huge demand for oilseeds and grains globally, traders said.China, the world's largest soybean buyer, purchased ...

Gold steadies before Fed meeting, US rate outlook eyed LONDON: Gold steadied on Tuesday ahead of a Federal Reserve policy meeting, remaining near an eight-month low, with investors unwilling to place big bets as they awaited clues on the timing of the first U.S. rate rise in eight years.The Fed will begin its two-day meeting later in the day, with an announcement scheduled for Wednesday. Some analysts believe the Fed could signal it may begin raising rates sooner than mid-2015, the current consensus target.Any ...

Sugar steadies above 4-year low, ample supply weighs LONDON: ICE raw sugar steadied on Tuesday above the previous session's more-than four-year low, capped by ample supplies and large global stocks.Arabica coffee edged higher, while ICE cocoa held above a three-month low.Dealers said raw sugar futures continued to look vulnerable to further losses ahead of the October contract expiry due to a lack of demand.ICE October raw sugar futures were unchanged at 13.67 cents a lb at 1400 GMT, having dipped to 13.52 cents ...

US soy exports to China could drop by quarter with crush-margins at 2-year low SINGAPORE/BEIJING: Chinese imports of US soybeans could plunge by as much as a quarter in the crop year that began this month after processing margins in the country fell to their lowest in two years, industry sources said.The potential drop in shipments to the world's biggest buyer of the commodity comes as the United States is gearing up to harvest a record soybean crop, piling more pressure on benchmark prices that this week hit their ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 15, 2014
Reserves $13.414 bln