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Russian wheat lowest in Iraq's 50,000 tonnes hard wheat tender HAMBURG: Russian wheat was offered lowest at $231.00 a tonne c&f free out in the tender from Iraq's state grains board to buy at least 50,000 tonnes of hard wheat, European traders said on Monday. The tender closed on Sunday and offers must remain valid up to June 18, traders said.No purchase had yet been made, they said.The lowest offer for Russian wheat was made for 50,000 tonnes, they said. Russian wheat was also offered at $233.00 and $236.50 a tonne c&f free out, they said.One offer for US wheat was made at $285.42 a tonne c&f free out, the lowest offer for Australian origin was $267.50 c&f free out and the lowest from Canada was $266.00 a tonne c&f free out, they said.The tender sought wheat sourced from the United States, Canada, Australia or Russia for shipment between Aug. 15 and Sept. 13, with delivery between Sept. 14 and ...


Tunisia gets offers in 84,000 tonnes soft wheat tender HAMBURG: The lowest offer in the tender on Friday from Tunisia's state grains agency to purchase 84,000 tonnes of soft wheat was $195.49 a tonne c&f for optional origin supplies, European traders said. No purchase had yet been made and offers were still being considered, they said. The agency is also seeking 59,000 tonnes of durum wheat and 75,000 tonnes of feed barley all in a range of shipment combinations from July to September depending ...

Wheat holds near one-week low as supply risks ease SINGAPORE: Chicago wheat futures traded near their lowest level in more than a week on Friday, having surrendered recent sharp gains amid plentiful global supplies.Wheat dropped from Wednesday's two-month high after the US Department of Agriculture said heavy rains in the southern and central US Plains boosted crop yields despite concern over winter wheat quality that had fuelled this month's rally.Wheat for July delivery on the Chicago Board of Trade was up 0.3 percent at ...

Gold hit by strong US data, but poised for weekly gain SINGAPORE: Gold clung to overnight losses on Friday, hurt by strong US economic data that bolstered prospects of higher interest rates, but the metal looked set to snap a three-week losing streak on earlier gains from a softer dollar.Bullion's failure to garner safe-haven bids despite the worsening of talks over the Greek debt crisis raised some concerns with traders.Spot gold was little changed at $1,182.35 an ounce by 0331 GMT, after losing 0.4 percent in ...

Iron ore at highest since Jan despite weak Chinese steel prices SINGAPORE: Iron ore rose to its strongest level in nearly five months and is on course for a third weekly gain amid a scarcity of high-grade cargoes, even though Chinese steel prices are struggling due to weak demand.The steelmaking commodity has risen 40 percent from a decade low in April in a rally spurred by declining stocks across ports in China. Port inventory fell for the eighth consecutive week last week."There's not too much of ...

Palm heads for biggest weekly fall since March on oversupply concerns JAKARTA: Malaysian palm oil futures fell for a fifth day on Friday and headed for their biggest weekly fall since March, as oversupply concerns and a stronger ringgit were compounded by signs that buyers could switch to competing oils.By the midday break the August palm oil contract on the Bursa Malaysia Derivatives exchange was down 1.5 percent to 2,257 ringgit ($603.31) a tonne. The contract is down 3.6 percent so far this week, heading for ...

Copper slides on downbeat China data, strong dollar LONDON: Copper slid to seven-week lows on Thursday as the dollar strengthened and weak economic data from top consumer China reinforced worries about demand for industrial metals. Benchmark copper on the London Metal Exchange ended down 2.5 percent at $5,880 a tonne from $6,028 at Wednesday's close. The metal used in power and construction earlier hit a low of $5,861, its lowest since April 23. "Prices are likely to probably recover in the second half ...


 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln