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Soymeal eases on slack demand ROTTERDAM: Soymeal on the European meals and feeds market continued to ease on slack demand on Thursday after the bullish trend because of backlogs in Brazilian ports reversed."After the market took a breather on Wednesday prices dropped on Thursday as demand for material that was already moving faded. But the drop could be temporary as any serious delay in shipments because of the backlogs could cause a new squeeze," one broker said.South American soymeal was offered between $2 and $6 a tonne down from Wednesday on reduced demand, mostly discarding a stronger trend in Chicago soymeal on slow farmer selling and worries over tight old crop supplies. Buyers showed little interest and no deals were reported.Most other products were offered around one euro per tonne up from Wednesday after worries that tight old crop supplies could lead to reduced crushing, while rapeseed futures were also supported by higher mineral oil ...


ICE sugar edges up from near three-year low on short-covering NEW YORK/LONDON: Raw sugar futures on ICE inched up on limited short-covering after touching an almost three-year low on Thursday, as expectations of ample global supplies weighed on prices, dealers said.ICE cocoa climbed to a four-month high, while arabica futures edged down, hovering close to a near three-year low.Spot May raw sugar futures on ICE Futures US inched up 0.01 cent, or 0.06 percent, to finish at 17.41 cents a lb, after falling to 17.25 ...

Global maize crop to rise by 10pc in 2013/14: IGC LONDON: The International Grains Council said on Thursday that global maize production is expected to rise by 10 percent in 2013/14 to a record 939 million tonnes, restoring stocks to above average levels.Global wheat production is forecast to rise more modestly by around four percent to 680 million tonnes, the IGC said in a monthly report.The IGC said global maize stocks were expected to rise by 27 million tonnes to 143 million by the end ...

Uganda coffee exports rise in April due to strong rains KAMPALA: Uganda's coffee exports are seen rising sharply in April to 270,000 60-kg bags from 141,220 bags during the same period last year, boosted by strong rainfall in key growing areas, the Uganda Coffee Development Authority (UCDA) said on Thursday."The crop in south western region is expected to be bigger than last year due to the favourable rainfall received," said a report by UCDA.The report also said UCDA is set to provide 20 million seedlings ...

Sugar slumps to near three-year low; supply weighs LONDON: Raw sugar futures on ICE extended losses to hit their lowest in almost three years on Thursday, overwhelmed by excess supplies, with more losses on the cards as the market anticipated a record cane crop from key producer Brazil.May raw sugar futures hit 17.25 cents, the lowest level for the benchmark front-month contract since July 2010, before settling back to stand 0.09 cent or 0.5 percent lower at 17.31 cents a lb at 1406 ...

India soybeans jump 2pc on thin supply; rapeseed steady MUMBAI: Indian soybean futures rose 2 percent on Thursday to their highest level in two weeks on supply crunch as farmers were holding the stock expecting further rise in prices.Soyoil rose on good demand and a rise in overseas palm oil prices, while rapeseed was treading water.At 0800 GMT, the benchmark Malaysian palm oil contract was up 0.83 percent at 2,308 ringgit per tonne while US soybeans was 0.57 percent lower at $14.12-1/4 per bushel."Soybean ...

India sugar hits contract low on higher supply MUMBAI: Indian sugar futures hit a contract low on Thursday on a drop in overseas prices and as local mills sold the sweetener aggressively to generate cash for cane payments.The key June contract on the National Commodity and Derivatives Exchange was down 0.57 percent at 2,972 rupees per 100 kg at 0833 GMT, after hitting a contract low of 2,970 rupees earlier."Cane arrears have risen substantially. To trim arrears mills are aggressively selling sugar in ...


 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln