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Sugar flirts with 6-year low, arabica coffee extends gains NEW YORK/LONDON: Raw sugar futures tested the prior session's six-year low in thin trade on Thursday, under pressure from a strengthening dollar, abundant supplies and light physical demand, while arabica coffee extended gains. New York cocoa futures eased, pressured by the weak sterling, and bucking the session's higher trend in larger commodity markets after Saudi Arabia and its Gulf Arab allies began air strikes on Yemen. Raw sugar fell as the dollar strengthened, with traders tracking the slow pace of Chinese buying of out-of-quota sugar. "There is disappointment that Chinese import licences are being approved slowly," said Robin Shaw, analyst with broker Marex Spectron. He spoke of high sugar output in growing countries, such as India and Thailand, and abundant stocks. May raw sugar futures finished down 0.18 cent, or 1.4 percent, at 12.34 cents a lb, after touching a session low of 12.32 cents, just above a six-year low ...

CBOT soybeans drop for third straight day CHICAGO: Chicago Board of Trade soybean futures fell for the third day in a row on Thursday, pressured by a firm dollar and expectations that a key government report next week will show that US farmers plan huge sowings of the oilseed.Soymeal also fell while soyoil firmed on a rally in the crude oil market.Declines in soybeans were limited by technical support for the benchmark May contract at its 10-day moving average as well as ...

CBOT corn hits 5-week high, then falls on dollar rebound CHICAGO: Chicago Board of Trade corn futures jumped to the highest levels since Feb. 20 on Thursday, then reversed course to shed about 1 percent on pressure from investor profit taking tied to a rebound in the dollar, traders said.The dollar index was up 0.4 percent after earlier falling to a three-week low. The dollar is still hovering near a 12-year peak against a basket of currencies, making goods priced in the greenback less attractive ...

CBOT wheat tumbles on poor exports, rebound in dollar CHICAGO: Front-month wheat futures on the Chicago Board of Trade fell 3.8 percent on Thursday, the most since July, and closed below $5 a bushel on disappointing weekly US export data and an upturn in the US dollar, traders said.Technical selling accelerated as CBOT March wheat fell through support at its 50-day moving average near $5.15.K.C. hard red winter and MGEX spring wheat futures also ended lower. All three markets sank to session lows in ...

US aluminum price-fixing lawsuit can go forward-judge NEW YORK: A US judge on Thursday refused to dismiss antitrust litigation accusing a variety of Wall Street banks and commodity merchants of conspiring to drive up aluminum prices by reducing supply.US District Judge Katherine Forrest in Manhattan said aluminum purchasers may pursue claims against several defendants, including affiliates of Goldman Sachs Group Inc , JPMorgan Chase & Co, mining company Glencore Plc and aluminum warehouse operators. Purchasers had accused the defendants of colluding to ...

China's coal use falling faster than expected SINGAPORE/BEIJING: China is reducing coal use for power generation faster than expected as the use of cleaner-burning fuels and slowing economic growth drags thermal utilisation rates to a potential record low, implying imports and prices will fall further. Beijing said this month it will go all out to curb its addiction to coal to reduce pollution, raising fresh doubts about demand from the world's top consumer of the fuel just after imports slumped a third ...

Sugar steadies near 6-year low, arabica coffee flat LONDON: Raw sugar futures on ICE steadied on Thursday near the prior session's six-year low, pressured by abundant supplies and light physical demand, while arabica coffee was flat.Cocoa was little changed, with a stronger pound underpinning New York futures.Raw sugar eased, weighed by ample supplies with traders tracking the pace of Chinese buying of out-of-quota sugar."There is disappointment that Chinese import licenses are being approved slowly," said Robin Shaw, analyst with broker Marex Spectron.He spoke ...


Index Closing Chg%
Arrow DJIA 17,976.31 1.49
Arrow Nasdaq 4,947.44 1.15
Arrow S&P 2,081.24 1.22
Arrow FTSE 6,891.43 0.53
Arrow DAX 12,086.01 1.83
Arrow CAC-40 5,083.52 0.98
Arrow Nikkei 19,411.40 0.65
Arrow H.Seng 24,855.12 1.51
Arrow Sensex 27,975.68 1.88

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ICT 2014

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