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Argentina 2012/13 soy area seen 19.35mn hectares: govt  BUENOS AIRES: Argentina's 2012/13 soybean planting area is expected to be 19.35 million hectares, the Agriculture Ministry said in its monthly crop report on Thursday, leaving its previous forecast for the season unchanged.   The Argentine government says the country can produce 55 million to 58 million tonnes of soybeans this crop year if the weather cooperates.   Rain patterns have normalized in recent weeks after an unusually heavy three-month spate of showers starting in August. But farmers warn that flooding in breadbasket province Buenos Aires will reduce yields compared with early-season estimates.   The South American grains powerhouse is seen producing 11.1 million tonnes of wheat in the 2012/13 crop year, down from the government's previous forecast of 11.5 million tonnes, the report said.   Corn planting area was also marked down to 4.7 million hectares from a previous estimate of 4.97 million, the report said.   After what some climate specialists described as an early arrival of the ...


Argentina cuts wheat output view due to floods  BUENOS AIRES: Argentina's government cut this season's wheat output forecast, citing three months of heavy rains that started in August and flooded key parts of the Pampas farm belt, the Agriculture Ministry said on Thursday.   The South American grains powerhouse is seen producing 11.1 million tonnes of wheat in the 2012/13 crop year, down from the government's previous forecast of 11.5 million tonnes, the ministry said in its monthly crop report.   "Yields, up to this point, are ...

Copper gains on China economic outlook, dollar LONDON: Copper rose on Monday after a manufacturing survey from top consumer China boosted optimism about the pace of economic recovery, with a weaker dollar against the euro also helping to lift metals prices.   Three-month copper on the London Metal Exchange closed at $7,715 a tonne, from $7,692 at the close on Wednesday. Trading volumes were light due to the Thanksgiving holiday in the United States.   In the LME rings, activity was also dampened after Barclays decided ...

Liffe cocoa eases, supply outlook weighs  LONDON: Cocoa futures on Liffe edged lower on Thursday as adequate supplies kept the market on the defensive, while robusta coffee and white sugar futures were firm.   Trading was subdued, however, with US markets shut for the Thanksgiving holiday.   Benchmark Liffe March cocoa futures settled down 13 pounds at 1,573 pounds per tonne at 1725 GMT.   Dealers continued to keep a close watch on the outlook in West Africa with some expecting smaller main crop harvests in Ivory ...

EU wheat edges higher in US holiday lull  PARIS: Wheat prices in western Europe rose slightly in afternoon trading on Thursday, supported by steady export demand, but movements were modest as a holiday closure in the United States sapped market impetus.   * The run-up to Thursday's Thanksgiving holiday in the United States, which will be followed by a shortened US trading session on Friday, had already encouraged the European market to consolidate after sharp movements this month.   * Benchmark January milling wheat on the Paris ...

Gold edges up as stocks rise, dollar wilts  LONDON: Gold prices edged up on Thursday as well-received Chinese manufacturing data and hopes that a bailout deal for Greece may eventually be agreed boosted stocks and lifted the euro to three-week highs versus the dollar.   Prices held in a tight range, however, with trading activity expected to be light because of the US Thanksgiving holiday, which has closed Wall Street.   Spot gold was up 0.06 percent at $1,729.56 an ounce at 1205 GMT, while US gold ...

Copper gains on economic outlook, strong euro  LONDON: Copper rose on Monday following manufacturing surveys from the United States and top consumer China which boosted optimism about the pace of economic recovery, with a strong euro also helping lift metals prices.   Three-month copper on the London Metal Exchange rose to $7,744.75 a tonne at 1051 GMT, up 0.7 percent from Thursday's close of $7,692 a tonne.   China's manufacturing sector saw expansion accelerate in November for the first time in 13 months, preliminary results from ...


 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 15, 2014
Reserves $14.264 bln