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Ivorian cocoa arrivals seen at 1,719,000 tonnes by Sept 21 ABIDJAN: Cocoa arrivals at ports in top grower Ivory Coast reached around 1,719,000 tonnes by Sept. 21 since the start of the season on Oct. 2, exporters estimated on Monday, up from 1,462,000 tonnes in the same period of the previous season. Exporters estimated around 9,000 tonnes of beans were delivered to the West African state's two ports of Abidjan and San Pedro between Sept. 15 and 21, down from 20,000 tonnes during the same period last year. Copyright Reuters, 2014

Cocoa hits 3-1/2-year peak on Ebola fears, sugar near low LONDON: ICE cocoa firmed to a 3-1/2-year high on Monday driven by fears that Ebola could spread to top grower Ivory Coast and potentially disrupt supplies. Raw sugar futures were little changed, trading just above last week's more-than 4-year low, pressured by a rapid cane harvest in top grower Brazil and hefty global stocks. Arabica coffee on ICE Futures US dipped, reacting to forecasts for much-needed rain in Brazil, while Liffe robusta eased and traded ...

Gold, silver tumble as Fed outlook fuels selling LONDON: Gold slid to its weakest since early January and silver to a four-year low on Monday as speculation that the Federal Reserve will start its rate-tightening cycle sooner than expected fuelled selling of precious metals.Losses were limited as the dollar took a breather after hitting four-year highs against a currency basket on Friday, and European stocks fell. However, more weakness is on the cards as gold presses down towards its June 2013 low at ...

Tokyo, Shanghai futures fall to multi-year lows on China growth worries SINGAPORE/BANGKOK: Tokyo rubber futures tumbled more than 3 percent to near its 5-year low on Monday, tracking falling Shanghai rubber prices that also declined sharply due to concerns over China's economic outlook, dealers said.The Tokyo Commodity Exchange rubber contract for February delivery edged down 5.7 yen to settle at 183.5 yen per kg.It fell as much as 6.2 yen, or 3.3 percent, to an intra-day low of 183 yen per kg, the lowest since Sept. ...

NY sugar to drop to 13.32 cents SINGAPORE: New York October sugar is expected to revisit its Sept. 17 low of 13.32 cents per lb, driven by a wave v.This is the fifth wave of a five-wave cycle falling from the Aug. 27 high of 15.97 cents. Even if this wave turns out to be a failed fifth wave, it may still approach 13.32 cents. Given that the rebound from 13.32 cents has almost been reversed, the preceding downtrend could have resumed.Resistance ...

China to cut cotton import quotas to boost demand for domestic fibre BEIJING: China, the world's top consumer of cotton, will slash its import quotas for 2015 to boost demand for domestic fibre, a senior official said on Monday, in a move that is expected to put downward pressure on international prices.Beijing will only provide import quotas next year for the 894,000 tonnes that it is required to offer at low duties under commitments with the World Trade Organisation, according to Liu Xiaonan, vice head of the ...

NY coffee to fall into $1.7325-$1.7415 range SINGAPORE: New York December coffee is expected to fall into a range of $1.7325-$1.7415 per lb, as indicated by its wave pattern and a Fibonacci projection analysis.The range is formed by the 50 percent Fibonacci projection level of a downward wave c and the 76.4 percent retracement on the rise from the July 15 low of $1.6310 to the Sept. 2 high of $2.0995.The support at $1.7675, the 38.2 percent projection level, has temporarily stopped ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
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WeeklySeptember 18, 2014
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