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Brazil CS cane output to rise 15.4pc in 2013/14: Safras  SAO PAULO: Brazil's main center-south cane crop will likely increase by 15.4 percent in the 2013/14 season from a year earlier, with the bulk of that volume going towards ethanol production, local analyst Safras & Mercado said on Monday.   In its first forecast for the season, the firm said the center-south region, which produces 90 percent of Brazil's cane, would yield a record 600 million tonnes compared with 520 million tonnes from last season.   Sugar production will likely fall to 35 million tonnes from 36 million tonnes in the 2012/13 crop year, however, as mills favor ethanol amid fast-rising exports of the biofuel and perceived low profits in sugar production, the analyst said.   Ethanol production will likely rise to 23.5 billion liters, up 18.7 percent from last season, according to Safras.   "The international market is demanding ethanol and the plants are being heavily targeted for export," Safras & Mercado analyst Maurcio Lima Muruci said ...

Gold falls, Fed asset purchases in focus  NEW YORK: Gold dropped on Monday as uncertainty about the duration of the Federal Reserve's economic stimulus program decreased bullion's appeal as a hedge against inflation.   The metal remained under pressure after two top Fed officials on Friday suggested the US central bank may halt its bullion-friendly asset purchases by the end of 2013 due to a better economic outlook.   "Any time there is any concern about Fed tightening, those nervous gold investors leave the market very ...

ICE coffee climbs ahead of expected index fund buying  NEW YORK/LONDON: Coffee futures jumped on Monday with the ICE Futures US arabica market rising on buying ahead of index rebalancing later this week, while US cocoa saw its biggest one-day jump in three weeks after hitting a technically oversold level.   Liffe cocoa futures turned higher after hitting a double bottom with the previous session's 8-1/2-month low while sugar turned slightly higher after hitting its lowest level in three weeks.   The euro rose against the dollar as ...

Soymeal down on South American crop weather  ROTTERDAM: Soymeal on the European meals and feeds market eased on Monday following the trend in CBOT soymeal futures on Friday on favorable crop weather in South America, which strengthens prospects for a bumper soybean crop.   * "The weaker asking prices on the European cash market did not exert much enthusiasm as prices are still high and margins still small. Players also held back ahead of Friday's fresh USDA crop and supply/demand report," one broker said.   * ...

Palm oil down on demand concerns  ROTTERDAM: Palm oil on the European vegetable oils market eased on Monday because of an uncertain demand outlook and players waiting for fresh market data later in the week.   * Malaysian palm exports for the first 10 days of January and MPOB palm oil stocks for December are due on Thursday and on Friday USDA supply/demand data will be issued.   * " Profit taking in Malaysia and expectations that already record high palm oil stocks could grow ...

Soy firms on technical buying; grains bounce off 6-month lows  CHICAGO: US soybean futures rose on Monday due to technical buying after four straight losing sessions pushed prices to their lowest level since mid-November last week, traders said.   Corn and wheat also edged higher, with bargain buyers stepping into the market with prices near six-month lows.   "If nothing else, the market is oversold," Frank Cholly, a senior commodities broker at RJO Futures, said. "Fundamentally, nothing has really changed."   All three commodities closed last week in technically oversold territory ...

GUATEMALA CITY: Guatemala cut its coffee export forecast 13.8 percent for the 2012/2013 coffee harvest because of a severe outbreak of roya, or leaf rust, that also threatens to harm the 2013/2014 crop, national coffee association Anacafe told Reuters on Monday.   Anacafe said the Central American nation famed for its Arabica bean will export 3.1 million 60-kilogram bags in the current 2012/2013 season, down from the 3.6 million forecast when the coffee year began last October.   Guatemala, ...


Index Closing Chg%
Arrow DJIA 17,098.45 0.11
Arrow Nasdaq 4,580.27 0.50
Arrow S&P 2,003.37 0.33
Arrow FTSE 6,825.31 0.08
Arrow DAX 9,479.03 0.09
Arrow CAC-40 4,379.73 0.03
Arrow Nikkei 15,476.60 0.34
Arrow H.Seng 24,752.09 0.04
Arrow Sensex 26,867.55 0.86

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
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WeeklyAugust 28, 2014
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