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Raw sugar hits six-year low on weak real, abundant supplies LONDON: Raw sugar futures prices slumped to a fresh six-year low on Wednesday, weighed on by plentiful supplies as the cane crush in Brazil got underway while the continued weakness of the currency of the world's top producer added to the downward pressure on prices.Global stocks of sugar have been climbing during the last few years while the weakness of Brazil's real currency make exports more attractive to domestic producers."The weakness of the Brazilian real has been a big factor in pushing the price down while the prospect of a reasonably good sugar cane harvest in Brazil has also been a factor weighing on the market," Capital Economics analyst Hamish Smith said.May raw sugar futures were off 0.03 cents or 0.2 percent at 12.42 cents a lb at 1056 GMT after earlier slumping to a 6-year low of 12.31 cents.Twenty Brazilian mills had crushed 1.24 million tonnes of cane from ...


Gold hits 2-1/2 week high as German data lifts euro LONDON: Gold hit 2-1/2 week highs on Wednesday as upbeat German sentiment data and weaker than expected U.S. durable goods numbers drove the euro higher against the dollar and as expectations for an imminent U.S. interest rate rise receded.The euro was up 0.4 percent versus the U.S. currency after a survey on German business morale fuelled expectations that a euro zone economic recovery is strengthening, extending gains after U.S. durable goods data missed expectations.Spot gold ...

Stronger exports lift palm, but uncertain global demand weighs  KUALA LUMPUR: Malaysian palm oil futures rose on Wednesday as export volumes from the No.2 producer recorded an improvement for the first time in three months, but persistent worries about the outlook for global demand kept a lid on gains.Data from Intertek Testing Services (ITS) showed Malaysian palm oil shipments between March 1 and 25 rose 3.5 percent to 856,474 tonnes, versus the same period in February, on higher Indian purchases. The last time the ...

Copper dips from peak, nickel hit by record stocks LONDON: Copper dipped on Wednesday as some investors sold to lock in recent gains while nickel also fell after inventories hit an all-time peak, highlighting a glut of metal.A retreat in the dollar has helped fuel gains in base metals over the past week with copper surging more than 10 percent trough-to-peak over the week to Tuesday."After the significant bounce we've seen over the past week led by copper, it's not completely surprising that base ...

US wheat drops on rain forecast, corn hits 3-week high HAMBURG/SINGAPORE: Chicago wheat futures dropped on Wednesday as dealers assessed whether rain forecast for the US Plains will be enough to relieve increasingly parched US wheat crops.Corn rose to its highest since March 2, underpinned by expectations the US Department of Agriculture (USDA) will estimate reduced US corn plantings in closely-watched forecasts next week.US wheat had fallen some 2 percent on Tuesday, pressured by forecasts of crop-friendly rains in the United States."Wheat is currently under ...

TOCOM ends down 1.4pc on profit-taking TOKYO: Benchmark Tokyo rubber futures fell on Wednesday for the first time in three sessions, hit by profit-taking after prices hit a near three-week high a day earlier, dealers said.Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, also came under pressure from slowing imports by the world's top consumer China.The Tokyo Commodity Exchange rubber contract for August delivery ended down 1.4 percent, or 3.1 yen lower, at ...

Palm gains on higher exports; weak global demand outlook hurts KUALA LUMPUR: Malaysian palm oil futures rose on Wednesday as export volumes from the No.2 producer recorded an improvement for the first time in three months, but persistent worries about the outlook for global demand kept a lid on gains.Data from Intertek Testing Services (ITS) showed Malaysian palm oil shipments between March 1-25 rose 3.5 percent to 856,474 tonnes, versus the same period in February, on higher Indian purchases. The last time the data recorded ...


 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln