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Soy slips for second day on exports, South America prospects  CHICAGO: US soybeans slipped for a second straight day on Friday on signs of waning US exports and improving crop weather prospects in South America that could lead to bumper output in Brazil and Argentina.   Corn turned up for the first time in four days but little bullish momentum emerged, with choppy dealings and a lack of direction the key features. Wheat held firm, reversing its 1 percent tumble on Thursday, with bargain buying and commercial demand at lower prices aiding the advance.   "There was consumptive buying, end-user buying, at the lower price levels and some technical buying," said Jerrod Kitt, analyst for the Linn Group.   Positioning occurred ahead of the expiration of November options on Friday. Traders pegged the target price for soybeans at $15.50 per bushel and for corn at $7.50.   Wheat also found some support from concerns about dry weather in the US Great Plains hard red winter wheat region that ...


Copper falls on growth, demand fears; await US GDP data  LONDON: Copper prices hit a 1-1/2 month low on Friday, and were on track to post their biggest weekly fall in 21 weeks, as doubts about the pace of global economic growth raised fears about the outlook for industrial metal demand.   Benchmark copper on the London Metal Exchange (LME) slipped to $7,778 a tonne at 0928 GMT, down 0.5 percent from Thursday's close of $7,815 a tonne.   Copper earlier hit its lowest level since early September at ...

Copper up slightly on Fed commitment, US, China data  LONDON/SHANGHAI: Copper edged up on Thursday, snapping four sessions of losses, supported by the US Federal Reserve's renewed commitment to keep stimulating economic growth and by improving manufacturing data from top metals consumers China and the United States.   Benchmark copper on the London Metal Exchange traded at $7,852 a tonne in official rings, up 0.5 percent from a close of $7,817 on Wednesday but still on track for a 2 percent loss this week, its third ...

London copper firms on Fed after 4 days of falls  SHANGHAI: London copper rose on Thursday, snapping four sessions of losses, on encouraging data from the United States and China, and after the US Federal Reserve announced its commitment to economic stimulus measures.   Three-month copper on the London Metal Exchange had climbed 0.7 percent to $7,874 per tonne by 0710 GMT, after dropping nearly 5 percent over the previous four sessions.   "The dollar will stay under pressure (as the Fed stimulus continues), which is supportive of commodities ...

Indian soybeans hit 1-month high on meal exports  MUMBAI: Indian soybean futures surged more than 3 percent on Thursday to hit the highest in a month on gains in overseas markets and as local oil millers were aggressively buying in spot markets due to good export demand for soymeal.   Soyoil got support from festival season demand, while rapeseed edged higher on depleting stocks.   Malaysian palm oil futures were down 1.01 percent at 2,552 ringgit per tonne at 0728 GMT, while US soybeans fell 0.35 percent ...

Tokyo futures at 1-week high on demand hope, weaker yen  BANGKOK: Tokyo rubber futures jumped nearly 4 percent to the highest in a week on Thursday as speculation about rising demand and a weaker Japanese yen spurred buying, dealers said.   The benchmark rubber contract on the Tokyo Commodity Exchange for March delivery rose 9.1 yen to settle at 260.4 yen ($3.26)per kg.   It jumped as high as 9.8 yen, or 3.9 percent, to an intra-day high of 261.1 yen, the highest since Oct. 19.   The most-active rubber contract on ...

Iraq postpones decision on wheat tender until next week HAMBURG: Iraq's state grains board has postponed an international tender to purchase a nominal 50,000 tonnes of wheat until next week because of the Eid-ul-Azha religious holiday, European traders said on Thursday.   The tender had closed on Sunday, Oct. 21, and offers had to remain valid until Wednesday, Oct. 24.   Copyright Reuters, 2012


 



 
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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