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Arabica coffee hits three-week high as rally gathers pace NEW YORK/LONDON: Arabica coffee futures hit a three-week high on Thursday as a recent rebound gathered momentum as market focus turned to potential crop losses in Brazil, while New York cocoa hit a more than six-week low on continued fund liquidation.Raw sugar on ICE Futures US fell for the third straight session as the real currency in top producer Brazil continued to slide. May arabica coffee futures on ICE settled up 4.10 cents, or 2.9 percent, at $1.4415 per lb, after earlier rising as high as $1.4675, the second-month's highest level since Feb. 25. The gains came on concerns about production in drought-damaged coffee areas in Brazil and marked a continued correction upward from last Friday's low of $1.2875 a lb, US coffee traders said. Dealers added that Brazilian producers have been reluctant to sell after the recent slide in prices, providing additional support to the market. Production of arabica ...


CBOT soybeans close lower on profit taking, dollar strength CHICAGO: US soybean futures fell on Thursday on a mild profit-taking setback following a late rally on Wednesday, traders said.A firm dollar, which makes US commodities more expensive to overseas buyers, cast a bearish tone over agriculture futures.A sharp drop in the price of crude oil added further pressure.Soymeal and soyoil futures also closed lower. Soymeal has fallen for five of the last six session.The US Agriculture Department said on Thursday morning that weekly old-crop ...

CBOT wheat ends mixed; KC, MGEX markets end lower CHICAGO: Chicago Board of Trade futures closed mixed on Thursday as fund short-covering offset pressure from a rebound in the dollar and beneficial showers in the southern US Plains, traders said.CBOT May wheat hit a one-month high at $5.20, near its 50-day moving average, early in the session. Commodity funds hold a net short position in CBOT wheat, leaving the market open to short-covering.K.C. hard red winter and MGEX spring wheat closed lower, dragged down ...

EU wheat at 7-week high on weak euro, good export demand PARIS: European wheat prices rose to a new seven-week high in late trade on Thursday on technical buying with support from good export demand as EU wheat continues to benefit from the lower euro against the dollar.May milling wheat, the benchmark on the Paris-based Euronext market's established No. 2 wheat contract, closed at 194.50 euros a tonne, up 1.2 percent, after hitting a new 7-week high of 195.00 euros just before the close.EU soft wheat ...

Gold pares gains from 2-week high, silver also advances NEW YORK/LONDON: Gold pared gains Thursday from a two-week high, clinging to short-covering gains despite the US dollar's recovery after a more cautious than expected interest rate statement from the US Federal Reserve.Spot gold hit a peak of $1,177.46 an ounce earlier in the session as the dollar tumbled after the US Federal Reserve signalled a slower pace of interest rate hikes and gave a cautious outlook for the US economy.Gold pulled back as the ...

ICE cotton hits 2 week high on technical buying, export sales report NEW YORK: Cotton futures hit a two-week high in heavy volume on Thursday after large gains during the prior session attracted technical buyers and a US government report showed strong new sales and exports in the prior week. The front-month May cotton contract on ICE gained 0.47 cent, or 0.8 percent, to settle at 62.95 cents a lb after rising as high as 63.41 cents, the highest for the May contract since March 5.Thursday marked ...

Nicaragua coffee exports rise 25pc in February MANAGUA: Coffee exports from Nicaragua totaled 185,183 60-kg bags in February, up 25 percent from the same month during the 2013/2014 season, the national export center Cetrex said on Thursday. Shipments during the first five months of the 2014/2015 season, which began in October, totaled 453,717 60-kg bags, an increase of 34.6 percent over the same period during the previous season. The growth in exports so far this season is due, in part, to the ...


 



 
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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%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln