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Sugar holds above 7-month low ahead of Brazil harvest update LONDON: ICE raw sugar futures hovered above a 7-month low on Tuesday, ahead of a harvest progress update from top grower Brazil, where sugar output is expected to remain well ahead of the previous season.Cocoa prices traded below a more-than 3-year peak hit earlier this month, while coffee was higher.Brazil's cane industry association Unica will publish its latest harvest progress report, along with an updated forecast for the 2014/15 crop, at 1500 GMT."The Unica report for the crushing activity for first-half August is due out this week and we expect accompanying comments to point to an early end to the crush, even if the numbers themselves will probably show a high output for sugar in the mix," Nick Penney of brokerage Sucden Financial said.Cumulative sugar output since the start of the season in April was up strongly at 15.13 million tonnes on July 31, 9 percent more than a year ...

Gold up as dollar rally pauses; strong US data limits gains LONDON: Gold rose on Tuesday after a pause in the dollar rally prompted a break above $1,280 an ounce that triggered chart-based buying, but gains were expected to be limited as optimism grows on the pace of the U.S. economic recovery.Spot gold hit a session high at $1,290.80 an ounce in early trade as stop orders were triggered on a break of the 200-day moving average just above $1,280. Buy stop orders are automatic orders ...

TOCOM rubber at 1-week low on weak shares, Thai stock sales BANGKOK: Tokyo rubber futures dropped 1.7 percent on Tuesday to a one-week low as weak equities and the prospect of rising supply due to the Thai government's stock sales weighed on the market, dealers said.However, firm oil prices still lent support, they said.The newly-launched Tokyo Commodity Exchange rubber contract for February delivery fell 3.0 yen from its opening price to settle at 199.6 yen ($1.92) per kg.Intra-day, it fell as much as 3.5 yen, or ...

India tea prices drop on rising supplies MUMBAI: Average tea prices in India, the world's second-biggest producer, fell at last week's auction on subdued demand and higher supplies from the top producing north-eastern state of Assam.The CTC (crush-tear-curl) grade leaf was sold at 152.43 rupees per kg last week, down 4.5 percent from the previous auction, while prices of the dust grade edged up 0.9 percent to 165.61 rupees per kg."Supply of CTC leaf rose, but demand wasn't robust. Buyers are expecting ...

Copper climbs to three-week high on EU stimulus hopes LONDON: Copper prices rose to three-week highs on Tuesday, as hopes of stimulus measures by the European Central Bank gathered pace following signs of a weakening European economy.The euro zone's flatlining economy took another hit when data on Monday showed German business sentiment sagging for the fourth month running, while a row over the lack of growth led the French government to resign.In stronger language than he has used in the past, European Central Bank ...

Palm drops on worries of abundant edible oil supplies, weak demand  KUALA LUMPUR: Malaysian palm oil futures failed to hold on to earlier gains and inched down on Tuesday as worries of plentiful supplies of rival edible oils alongside rising palm oil production continued to pressure prices.Sluggish demand for the tropical oil also added to market jitters, weighing on benchmark prices which recorded losses in nine out of 10 sessions.Cargo surveyor data on Monday showed that exports of Malaysian palm products fell between 11 percent and ...

Corn prices fall on improving outlook in US and Europe LONDON: Chicago corn futures were lower on Tuesday, weakened by improving crop conditions in the United States and Europe, while soybeans and wheat prices also fell.Chicago Board Of Trade December corn was off 0.5 percent to $3.67-1/4 a bushel at 1041 GMT, after having slid 1 percent in the previous session."U.S. corn production is weighing on prices, and yields in the European Union are also coming up well," said Ole Houe, an analyst at Sydney-based ...


Index Closing Chg%
Arrow DJIA 17,098.45 0.11
Arrow Nasdaq 4,580.27 0.50
Arrow S&P 2,003.37 0.33
Arrow FTSE 6,819.75 0.20
Arrow DAX 9,470.17 0.08
Arrow CAC-40 4,381.04 0.34
Arrow Nikkei 15,424.59 0.23
Arrow H.Seng 24,742.06 0.01
Arrow Sensex 26,638.11 0.29

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln