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US, Mexico near deal on sugar trade WASHINGTON: The US socked Mexican sugar imports with steep anti-dumping duties Monday, but said a new agreement with Mexico City was in the works that would eliminate any such penalties on Mexican exporters.Two months after levying 17 percent anti-subsidy duties on imported sugar from Mexico, the Department of Commerce announced additional duties of up to 47 percent for dumping sugar into the US market.All told the duties pose a potentially huge blow to the $1.1 billion annual trade. But as it announced the newest penalties, the department said officials from the two countries had initialed a deal that, if finalized, would end probes into alleged trade violations by Mexican producers and remove the duties."The suspension agreements initialed today will, if finalized, suspend the investigations, allowing Mexican sugar to continue to enter the US market without antidumping or countervailing duties. The agreements create mechanisms to ensure that unfairly traded imports of ...


Sugar, coffee fall as Brazil election expected to hit real LONDON: Sugar and arabica coffee futures on ICE fell on Monday on expectations of a weaker real currency after the re-election of President Dilma Rousseff in Brazil, the world's top producer of the two commodities.Cocoa futures on ICE also eased, under pressure from West African new crop supplies.March ICE raw sugar futures fell more than 2 percent to a three-week low of 15.99 cents a lb in anticipation that the re-election of Rousseff would drag ...

Gold steadies ahead of Fed meeting as stocks, dollar ease LONDON: Gold steadied on Monday ahead of this week's Federal Reserve meeting, with a retreat in the dollar and a softer tone to stock markets after downbeat German economic data helping the metal stabilise after three days of losses.The precious metal fell 0.5 percent last week as global equities posted their biggest weekly percentage gain since July 2013, while the U.S. dollar also strengthened.Spot gold was at $1,229.70 an ounce at 1456 GMT, little changed ...

Copper up on strike action, weaker dollar LONDON: Copper rose on Monday on news of planned strike action in Indonesia and Peru and as the dollar fell following results of European bank health checks, though gains were limited by an expected surge in supply of the metal next year.Also helping copper were rumours that China's State Reserve Board (SRB) has resumed purchasing copper. China consumes about 45 percent of the world's copper.The dollar fell versus the euro following the results of bank ...

China's gold imports from Hong Kong jump to 6-month high in Sept SINGAPORE: China's net gold imports from main conduit Hong Kong jumped to a six-month high in September as the world's biggest consumer stocked up ahead of its National Day holiday.The annual National Day holiday observed in the first week of October is a time when millions of people travel and spend more than usual. It also marks a pick-up in weddings, boosting demand for gold jewellery.Net imports from Hong Kong to the mainland rose to ...

India to consider raw sugar export incentive after Oct 29 NEW DELHI: India will consider extending the incentives for raw sugar exports after Oct. 29 when leading cane growing states forecast their sugar output for the new season beginning October, two government sources said on Monday."The cane commissioners of leading cane growing states will present their estimates on Oct. 29 and that will set the ball rolling for a decision on raw sugar export subsidy in 2014/15," a government official with direct knowledge of the ...

Gold steadies as stock markets, dollar drift lower LONDON: Gold prices steadied on Monday as a retreat in the dollar and a softer tone to stock markets after downbeat German economic data helped the metal snap three straight days of losses.The precious metal fell 0.5 percent last week as global equities posted their biggest weekly percentage gain since July 2013, while the U.S. dollar also strengthened.Spot gold was at $1,230.26 an ounce at 1047 GMT, little changed from $1,230.95 late on Friday, while ...


 



 
Index Closing Chg%
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln