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Arabica coffee jumps from 4-1/2-month low, sugar eases NEW YORK/LONDON: Arabica coffee futures on ICE rallied after tapping a 4-1/2-month low on Monday, rising on technical support, while raw sugar extended losses to hit a 2-1/2-month low as the weak Brazilian currency attracted selling. Cocoa futures rose for the second straight session. In coffee, March arabica coffee finished up 4.65 cents, or 2.7 percent, at $1.7865 per lb, after nudging down to $1.7350, the lowest for the second-position contract since July 23.The contract rebounded on strong chart-based support around $1.7370, the 50 percent Fibonacci retracement level from the November 2013 low. The market remained volatile as dealers said the outlook for top grower Brazil's 2015/16 coffee crop remained uncertain, since recent rains may not have come in time to prevent significant crop losses. "The rain will not recover the losses, there had already been losses before the rain arrived and it will not recover those," said Andrea Thompson, ...


Wheat jumps 2 percent on Russian supply jitters, technicals CHICAGO: Chicago Board of Trade wheat futures rose about 2 percent on Monday on a mix of chart-based buying and uncertainty over Russian grain export policy, traders said.Soybeans fall as a monthly industry report showed a smaller-than-expected November soy crush. Corn was choppy as stepped-up farmer selling offset early gains.At the CBOT at 12:40 p.m. CST (1840 GMT), March wheat was up 12-1/4 cents at $6.18-3/4 per bushel. January soybeans were down 5-1/2 cents at ...

CBOT corn hits 5-month high on fund buying, FSA acreage CHICAGO: Chicago Board of Trade corn futures rose on Monday, finishing at its highest closing price since July on support from investment fund buying tied to expectations for a reduction in acres next month by the US Department of Agriculture, traders said.USDA'S Farm Service Agency early on Monday increased so-called "prevented plantings" corn acres for ground that farmers were unable to plant during the spring. The report was an indication that USDA could reduce harvested ...

CBOT soybeans close lower on NOPA report; soymeal, soyoil weak, too CHICAGO: US soybean futures fell on Monday on pressure from a disappointing report on US crushings and technical sales, traders said.The benchmark Chicago Board of Trade January soybean futures contract firmed early in the session but turned lower after failing break through last week's high of $10.60-1/4 a bushel.Soymeal and soyoil futures also fell. Weakness in the cash market weighed on soymeal, while a sharp drop in crude oil prices dragged soyoil lower.Soyoil retreated from ...

India seen approving sugar export incentives, bearish for prices MUMBAI/LONDON: India is likely to approve raw sugar export incentives soon, but a cabinet decision risks being delayed by the government's insistence that mills pay cane arrears to farmers.A decision on raw sugar incentives could weigh on global sugar prices as additional Indian supplies will hit the world market at competitive prices. Mills are holding white sugar stocks and will produce raws if the government sets a subsidy.Several traders expressed surprise that the Indian cabinet ...

Corn at 5-month top on fund buying PARIS/SINGAPORE: US corn rose for a third consecutive session on Monday to its highest in five months as investment fund buying created momentum on price charts and offset rising global supply.Wheat edged higher to stay close to a five-month peak set on Friday as uncertainty over Russian export policy continued to underpin the market. Soybeans were also slightly higher.The Chicago Board of Trade March corn contract had risen 0.9 percent to $4.11 a bushel by ...

Arabica coffee rises, outlook for Brazil crop uncertain LONDON: Arabica coffee on ICE rebounded slightly on Monday after falls last week when rain in top grower Brazil reduced stress on parched trees, while raw sugar rose and cocoa was little changed.Dealers said the outlook for Brazil's 2015/16 crop remained uncertain despite the recent rains which may not have come in time to prevent significant crop losses."The rain will not recover the losses, there had already been losses before the rain arrived and it ...


 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln