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Raw sugar rebounds from more than four-year low LONDON: ICE raw sugar extended its bounce off a more than four-year low on Thursday, with low prices expected to have stimulated some demand.Arabica coffee slipped after rain was forecast in top grower Brazil, while ICE cocoa added to recent gains.Concerns over the quality of Thai sugar expected to be delivered against the October raw sugar contract have weighed on futures prices in recent weeks, but dealers said the market may have reached levels low enough to stimulate offtake."The oversold condition of the markets perhaps prompted the rebound as well as the rumours about China taking up some of the slack in Thai availability for the October delivery," said Nick Penney of brokerage Sucden Financial."It may also be that a receiver among the trade houses has emerged to take it on."However, Penney added that the rally could also be "merely a correction" to an oversold market.ICE October raw sugar futures ...


Copper, base metals slip as Fed rates outlook boosts dollar LONDON: Copper and other base metals slipped on Thursday, pressured by a sharp rise in the dollar after the U.S. Federal Reserve signalled interest rates could rise faster than expected.Three-month copper on the London Metal Exchange (LME) slid 1.1 percent to $6,851.25 a tonne by 1437 GMT, reversing small gains in the previous session.The U.S. central bank on Wednesday renewed its pledge to keep interest rates near zero for a "considerable time", but also indicated ...

Gold sinks to 8-1/2 month low after Fed raises rate projections LONDON: Gold touched its lowest level in 8-1/2 months on Thursday as the dollar jumped to a four-year peak after the Federal Reserve indicated it could raise borrowing costs faster than expected when it starts moving.The Fed on Wednesday renewed its pledge to keep interest rates near zero for a "considerable time", but its new rate projections suggested officials were positioning themselves for a potentially faster pace of rate hikes than they had envisioned when ...

Tokyo futures end lower after weak China data TOKYO: Benchmark Tokyo rubber futures ended 0.4 percent lower on Thursday, reversing gains earlier in the day, after weak Chinese data rekindled worries over global rubber demand, brokers said.The benchmark rubber contract on the Tokyo Commodity Exchange (TOCOM) for February delivery fell 0.7 yen to settle at 192.2 yen ($1.77) per kg.The contract rose more than 1 percent in early Thursday trade as the yen fell to a six-year low against the dollar, but TOCOM ...

Copper falls as Fed rates outlook lifts dollar LONDON: Copper slipped on Thursday, pressured by a sharp rise in the dollar after the U.S. Federal Reserve signalled interest rates could rise faster than expected.Three-month copper on the London Metal Exchange (LME) slipped 0.4 percent to $6,902 a tonne at 0958 GMT, reversing small gains in the previous session.The U.S. central bank on Wednesday renewed its pledge to keep interest rates near zero for a "considerable time", but also indicated it could raise borrowing ...

US corn, wheat ease on stronger dollar, soy edges up LONDON: US corn and wheat prices were slightly lower on Thursday weighed by a stronger dollar while soybeans edged up buoyed by demand from China.Dealers said corn and wheat prices were, however, holding above contracts lows set earlier this week with a decline driven by expectations of plentiful supplies following this year's harvest appearing to have at least temporarily abated.December corn futures on the Chicago Board of Trade were off 0.15 percent at $3.41-1/4 a ...

CBOT wheat neutral in $4.91 to $5.04 range SINGAPORE: CBOT Dec. wheat looks neutral as it seems to have been stuck in a range of $4.91 to $5.04 per bushel.The range has been formed by the Sept. 16 low of $4.91 and the 14.6 percent Fibonacci retracement on the fall to this low from the Aug. 28 high of $5.79-1/4.A rise above $5.04 could be extended to $5.11-3/4, the 23.6 percent retracement, while a break below $4.91 will confirm the continuation of the ...


 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln