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Uganda coffee exports up 12pc yr/yr in March KAMPALA: Uganda's coffee exports in March rose by 11.9 percent year-on-year to 348,423 60-kg bags, helped by end-of-season stockpile clearance, a source at the state agency said on Friday."We're soon moving into a new season... perhaps most exporters wanted to clear out their stores so they have more room to accommodate the new crop," said a source at the state-run Uganda Coffee Development Authority (UCDA). Harvest season is now at the tail end in central and eastern Uganda regions while south and south west are about to start harvest.UCDA said March exports fetched $38.9 million vs $38 million earned in the same month a year ago. Copyright Reuters, 2014


Palm recovers from 2-month low as crude offsets stocks data JAKARTA: Malaysian palm oil futures hit two-month lows before turning positive late on Friday, as lower comparative oils and crude prices offset industry stocks data from the previous session. By the close, the benchmark June contract on the Bursa Malaysia Derivatives Exchange ended 0.2 percent higher at 2,614 ringgit ($810) per tonne, having earlier touched a low of 2,572 ringgit. Prices have fallen 0.8 percent this week. Total traded volume stood at 38,792 lots of ...

Indian coffee prices edge higher at weekly auction MUMBAI: Coffee prices in India edged higher at a weekly auction, helped by overseas leads and firm export demand.Arabica Plantation PB price were higher by 1,950-2,020 rupees per 50 kgs, A and AA grade price were higher by 1,500- 1,625 per 50 Kgs, B grade price were higher 1,650-1,750 per 50 kgs.Robusta Parchment AA and RKR price were higher 550-600 rupees per 50 kgs.Arabica Coffee in New York for May delivery was higher 27.15 cents ...

Gold steady on risk aversion; set for best week in a month LONDON: Gold steadied below 2-1/2 week highs on Friday, heading for its best week in a month on sagging risk appetite and increasing hopes the US Federal Reserve will hold off on raising interest rates as soon as early next year. A day earlier, bullion hit its highest since March 24 at $1,324.40 an ounce bolstered by the Fed's March meeting minutes which showed officials were not keen on increasing interest rates straight after unwinding ...

Nickel at 13-month high, eyes best week since Feb 2013 LONDON: Nickel hit a 13-month high on Friday as Indonesia's ban on ore exports kept market supplies tight, though risks are rising that lofty prices will encourage buyers to look for cheaper sources of supply. Aluminium prices were also set for their third weekly gain in a row on a UK court ruling that halted a London Metal Exchange plan to release backlogged stocks of the metal, while copper continued to consolidate after recent 3-1/2 ...

Palm oil eases on increased stocks ROTTERDAM: Palm oil on the European vegetable oils market eased slightly on Thursday following MPOB supply/demand data and Chinese soybean cancellations weighed on most other products."Malaysian palm oil stocks were slightly up as output exceeded demand in March, which weighed on prices on the European cash market. Wednesday's USDA supply/demand data was initially slightly bullish, but strength swiftly vanished because of profit taking and talk about Chinese cancellations of US and Brazilian soybean contracts," one ...

Mali gives gold permits to five mining firms: government official BAMAKO: Mali has granted gold permits to five companies to operate and extract from gold mines with total reserves of 9.7 million ounces, a senior official in the ministry of mines told Reuters on Thursday.The companies given permits are Papillon Resources, Robex Resources, New Gold Mali SA, Glencar Mining and Etruscan Resources, Hassimi Sidib?, technical advisor in the ministry, said.Mali is Africa's third largest gold producer. Copyright Reuters, 2014


 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln