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Soybeans hit near 1-month top on export talk, technicals  CHICAGO: US soybeans climbed to their highest level in nearly a month on Wednesday on a mix of technical strength and robust demand from exporters as well as domestic processors, traders said.   Corn followed soybeans higher and drew further support from bullish weekly US ethanol data, and wheat snapped out of a four-session slide.   At the Chicago Board of Trade, soybeans for January delivery settled up 23-3/4 cents, or 1.6 percent, at $14.79-1/4 per bushel after reaching $14.79-3/4, the contract's highest level since Nov. 9.   CBOT March corn ended up 5-3/4 cents, 0.8 percent, at $7.57-3/4 a bushel, and March wheat rose 3-1/2 cents, 0.4 percent, to end at $8.60 a bushel.   CBOT January soybeans made a solid break above their 200-day moving average at $14.64 and settled above that line for the first time in nearly a month.   Wednesday's soy market strength followed a late-session rally on Tuesday as rumors swirled of renewed Chinese ...


India sugar down, hits six-week low  MUMBAI: Indian sugar futures extended losses on Thursday to hit a six-week low in choppy trade on Wednesday as weak demand and higher supplies outweighed short-covering by traders after a sharp fall in the previous few sessions.   At 1056 GMT, the key January contract on the National Commodity and Derivatives Exchange (NCDEX) was trading down 0.06 percent at 3,287 rupees ($60.23) per 100 kg after hitting a low of 3,275 rupees, lowest level in six weeks, ...

Copper hits near 7-week high on China recovery hopes  SINGAPORE: London and Shanghai copper prices hit their highest in nearly seven weeks on Wednesday, cheered by news that China is seeking more effective policies to ensure stable economic growth.   Concerns about the budget talks in Washington were temporarily shelved as risk appetite returned, spearheaded by Shanghai shares that had rallied nearly 3 percent in their biggest one-day rise since the end of September.    China will make policies more targeted and effective in 2013 to help with ...

Tokyo futures hit 7-week high on China optimism  SINGAPORE: Tokyo rubber futures rose to their strongest in more than a month on Wednesday after China's Communist Party chief pledged to ensure stable economic growth next year, offsetting worries about rising inventory in the world's largest consumer of the commodity.   Addressing a politburo meeting, Xi Jinping said in comments reported late on Tuesday the government aimed to stabilise exports and make policies more targeted and effective as the world's second-largest economy faced both favourable factors ...

India gold importers book deals as prices near 1-month low  MUMBAI: Gold importers in India booked deals for the peak wedding season as prices stayed near their lowest level in a month, eyeing the key parliament vote on entry of foreign super markets and its impact on the rupee.   * The wedding season, which started in September and peaked last month, will continue until early January. Gold is an essential part of gifts during the season in India, the world's top gold buyer.   * "Reasonable activity is ...

Indian soybean futures rise over 1pc  MUMBAI: Indian soybean rose more than a percent on Wednesday in line with global markets as lack of supply in the domestic market also supported sentiment. Soyoil and rapeseed futures also rose.   * Malaysian palm oil was 0.57 percent lower at 2,307 ringgits a tonne, while soybean for January delivery was up 0.57 percent at 14.63-1/2 a bushel.   * The most-active soybean for January delivery on the National Commodity and Derivatives Exchange (NCDEX) was 1.10 percent higher ...

Brent rises above $110 on China growth hopes  SINGAPORE: Brent crude edged above $110 a barrel on Wednesday, after two sessions of losses, as investors switched their focus from the United States fiscal crisis to hopes that growth in top energy consumer China to pick up sooner than expected.   China will make policies more targeted and effective in 2013 to help the economy recover, state television quoted Chinese Communist Party chief Xi Jinping as saying on Tuesday, driving the region's stocks and commodity prices ...


 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln