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Brazil coffee crop 72 percent sold as of Jan. 9 SAO PAULO: Brazil's 2014 coffee crop was 72 percent sold as of Jan. 9, slightly above the 63 percent sold a year ago and the five-year average of 69 percent, analysts Safras & Mercado said on Thursday. The crop was 65 percent sold a month earlier. The harvest of the crop started last May. Safras & Mercado expects a coffee crop of 48.9 million 60-kilogram bags from Brazil, the world's largest producer. That would mean 35.1 million bags had been sold by Jan. 9. Producers had sold 71 percent, or 10.98 million bags of an expected 15.5 million bags of "conilon," the local version of robusta. Arabicas were 72.1 percent sold, with 24.1 million bags of the 33.4-million-bag crop having left producers' hands. Copyright Reuters, 2015

CBOT wheat hits two-month low on poor export demand CHICAGO: Wheat futures on the Chicago Board of Trade fell on Thursday for a seventh straight session, with most-active March hitting a two-month low on technical selling and sluggish export demand before paring losses in the last hour of trade, brokers said.K.C. hard red winter wheat also closed lower but MGEX spring wheat ended modestly higher.Egypt's state grain buyer, the General Authority for Supply Commodities, said it bought 240,000 tonnes of French wheat in a ...

Soybeans rebound from 6-week low, corn, wheat also higher LONDON: US soybean futures edged up on Thursday as the market extended the prior session's rebound from a six-week low while corn and wheat prices were also higher.Dealers said the soybean market was supported by exporter demand for U.S. supplies following the recent decline in prices along with strength in both competing palm oil and rapeseed.March soybeans on the Chicago Board of Trade rose 0.5 percent to $10.14-3/4 a bushel by 1201 GMT.The contract dipped ...

Cocoa falls after weaker than expected grind, sugar firms LONDON: Cocoa futures slipped on Thursday, weighed by weaker than expected European cocoa grind data, while sugar firmed, supported by a weaker dollar and strengthening cash demand.Arabica coffee futures rose, underpinned by worries over weather in top grower Brazil.Europe's fourth-quarter cocoa grind fell 7.4 percent from the same period last year to 323,061 tonnes, the Brussels-based European Cocoa Association said.Germany's fourth-quarter 2014 cocoa grind fell 14.08 percent on the year to 86,800 tonnes, the association ...

Iran to import 3 million tonnes of wheat next year ANKARA: Iran will import less than three million tonnes of wheat in the next year, a senior agriculture ministry official said on Thursday, down from nine million tonnes it has imported since March 2014.The new Iranian year starts on March 21, 2015."Since March we have imported nine million tonnes of wheat ... We believe Iran will need to import less than three million tonnes next year," Iran's deputy agriculture minister Abbas Keshavars was quoted by ...

LONDON: Gold rose more than two percent to a 4-month high on Thursday after a shock move by Switzerland to abandon its three-year cap on the franc sent global shares and bond yields into turmoil.Spot gold rose as much as 2.4 percent to its highest level since Sept. 8 at $1,260.30 an ounce in earlier trade and was up 2.3 percent at $1,257.46 an ounce by 1443 GMT.U.S. gold futures for delivery in February rose ...

London copper climbs after slide, gains to be capped MELBOURNE: London copper climbed on Thursday on a mix of bargain-hunting and short covering, a day after its biggest slide in more than three years, but traders said selling would cap rallies even as large-scale buyers were lying in wait at lower levels.Copper took a bruising after a bearish World Bank report on global growth, which would have been even darker had it not been for a 60 percent drop in oil prices, although that ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 22, 2015
Reserves $10.331 bln