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Ivory Coast ginners see 2012/13 cotton output at 340,000 T  ABIDJAN: Ivory Coast's 2012/13 cotton season will yield about 340,000 tonnes, the executive secretary of the country's ginners' association said on Monday, increasing the body's forecast from the previous 300,000-315,000 tonnes.    The West African nation produced around 260,000 tonnes during the 2011/12 harvest.   "At the end of July we were at around 340,000 hectares planted. For this cotton season, we are therefore expecting at least 340,000 tonnes of cotton," said Christophe N'Dri.   The cotton season opened on May 20 with a season-long farmgate price set at 265 CFA francs ($0.51) per kg. Farmers are also due to received a bonus at the end of the season if prices remained firm on the world market.   "The fact that many farmers benefited from fertiliser distributions before the end of July and the attractive buying prices for the new harvest were both factors which created a lot of interest in cotton growing this season," he said.   Ivory Coast ...

Uganda KAMPALA: Uganda's cocoa production is set to rise by 6.1 percent in the I October 2011-September 2012 crop year from the previous year, helped by favourable weather and maturing trees, the state-run Cocoa Development Project (CDP) said on Monday.   The east African country is a small producer compared with big growers such as Ivory Coast, but cocoa is one of Uganda's commodity exports and a source of hard currency.   Last season Uganda earned $44 million from cocoa ...

Oil market steady amid weak Chinese data  LONDON: Global oil prices held steady on Monday as traders worried that contracting Chinese manufacturing activity could hit global demand for crude. Brent North Sea crude for delivery in October added nine cents to $114.66 a barrel just after midday. New York's main contract, light sweet crude for October dropped 15 cents to $96.32 per barrel. Low trading volumes are expected throughout Monday, with US financial markets closed for the Labor Day public holiday. "As the week gets underway, ...

European wheat futures edge lower, US holiday weighs  AMSTERDAM: European wheat futures edged lower on Monday in thin trade after Russia said last week it will not curb exports despite a severe cut in the available crop, but price movements were limited because of a public holiday in the US, traders said.   By 1041 GMT, benchmark contract November milling wheat in Paris was 0.25 percent lower at 263.50 euros a tonne. Volume was thin with a total of 2,223 lots traded by 1046 GMT ...

Palm oil edges up on exports, Bernanke remarks  KUALA LUMPUR: Malaysian crude palm oil futures rose on Monday, following strong exports last month and after US Federal Reserve chief Ben Bernanke kept the door open for further stimulus that could prop up global growth and support commodity demand.   Palm oil exports posted a gain of 18 percent in August from a month ago to the highest level this year, cargo surveyor Intertek Testing Services said on Friday, in part boosted by the edible oil's ...

Ivorian cocoa arrivals seen 1.339mn T by Sept 2  ABIDJAN: Cocoa arrivals at ports in top grower Ivory Coast reached around 1,339,000 tonnes by Sept. 2 since the start of the season in October, exporters estimated on Monday, compared with 1,412,845 tonnes in the same period of the previous season.   Exporters estimated around 6,000 tonnes of beans were delivered to the West African state's two ports between Aug. 27 and Sept. 2, down from 17,963 tonnes in the same week a year ago. Exporters estimate ...

Indian gold eases from peak; importers still on sidelines  MUMBAI: Indian gold eased on Monday from its record high due to a firmer rupee, but importers of the yellow metal eagerly waited for better bargains in the peak festival season.   The most active gold for October delivery on the Multi Commodity Exchange (MCX) was 0.36 percent lower at 31,230 rupees per 10 grams, easing from the previous session's record high of 31,405 rupees.   The rupee plays an important role in determining the landed cost of the ...


Index Closing Chg%
Arrow DJIA 16,501.65 0.08
Arrow Nasdaq 4,126.97 0.83
Arrow S&P 1,875.39 0.22
Arrow FTSE 6,674.74 0.11
Arrow DAX 9,544.19 0.58
Arrow CAC-40 4,451.08 0.74
Arrow Nikkei 14,546.27 1.09
Arrow H.Seng 22,509.64 0.97
Arrow Sensex 22,876.54 0.52

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln