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US Cash Soymeal-Offers unchanged as cash prices fall  CHICAGO: Spot basis offers for soymeal held steady at US processors on Wednesday, with few deals being reported despite weakness in the futures market lowering cash prices, dealers said.   * Most end users, who have been buying only small amounts of soymeal in recent months, were waiting to see how far prices could fall before committing to new orders.   * Offers for US soymeal weakened on the export market, falling as much as $4 per ton due to light demand from overseas buyers.   * Improving crop weather in soybean production areas of Brazil and Argentina raised hopes of large crops there, which would lead importers to South America.   * Dealers continued to roll their offers to the Chicago Board of Trade March contract from the January contract , which is in the delivery period and expires on Jan. 14.   * The CME Group posted nine deliveries against CBOT January soymeal, bringing the total for this ...


ICE coffee soars after tumbling in 2012, Liffe cocoa drops  NEW YORK/LONDON: Arabica coffee futures on ICE soared more than 4 percent on Wednesday as the end of the US "fiscal cliff" crisis led investors to buy riskier assets and drew them to the worst performing commodity complex of 2012.   Sugar and cocoa markets on ICE Futures US climbed on support from firm outside markets including oil and copper. But Liffe cocoa futures sank to an 8-1/2 month low as supply prospects improved in West Africa.   The ...

European vegoils start 2013 up as US avoids fiscal crisis  ROTTERDAM: The European vegetable oils market started stronger on the first trading day of 2013 on Wednesday, along with a jump in futures markets, after the United States avoided a fiscal crisis.   * "The European cash market started the year slow, but asking prices were up with stronger palm oil, soy oil and mineral oil. Buyers were mostly holding back because they believe that the fact that the US did not fall off the fiscal cliff ...

European feeds easier as players eye Chicago  ROTTERDAM: Soymeal on the European meals and feeds market mostly eased on Wednesday as the first trading day of 2013 passed with little participation and little direction from Chicago markets.   * Asking prices were mostly easier on the back of Monday's CBOT soymeal futures close, due to caution about the impact on the market after the United States avoided a fiscal crisis. Chicago soymeal opened up but soon turned lower on technical selling.   * "Both sellers and ...

Liffe sugar, coffee firm after US fiscal deal LONDON: Liffe cocoa futures sunk to an eight-and-a-half month low on Wednesday as supply prospects improved in West Africa, while sugar and coffee were higher, boosted by firm outside markets including oil and copper.   The US Congress approved a deal to avert mandated tax increases and spending cuts, a decision expected to buoy investor appetite for riskier assets including commodities.   Liffe May cocoa eased 6 pounds or 0.4 percent to 1,436 pounds a tonne at 1309 GMT, ...

Ukraine grain exports fall 27pc KIEV: Ukraine's grain exports fell by about a quarter to 2.46 million tonnes in December from November due to a sharp decrease in the export of wheat, Ukrainian Agriculture Ministry data showed on Wednesday.   The data show that the former Soviet republic exported 1.98 million tonnes of maize, 337,000 tonnes of wheat and 79,500 tonnes of barley in December.   Ukraine exported 1.42 million tonnes of wheat, 1.67 million tonnes of maize and 227,100 tonnes of barley in ...

Copper rallies on US fiscal deal and strong China data LONDON: Copper rose to a three-week high on Wednesday and approached its biggest daily rise since mid-November, as the US Congress struck a deal to avert a fiscal disaster and upbeat data from top metals consumer China boosted the outlook for demand.   The United States averted economic calamity on Tuesday when lawmakers approved a deal to prevent huge tax hikes and spending cuts that would have pushed the world's largest economy off a "fiscal cliff" and ...


 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln