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Mexico, US clinch deal to settle sugar trade dispute MEXICO CITY: The United States and Mexico have reached a deal to settle a sugar trade dispute that threatened to escalate into a broader spat, and will sign it in the coming hours, a source close to the talks said on Friday.The countries have been working to finalize an agreement to suspend import duties on Mexican sugar that was drafted in late October. The draft was criticized by many in the industry, including refiners who said it would crimp supplies and threaten their survival.The deal suspends duties of around 60 percent, the source said, adding the terms were still being edited for publication.Copyright Reuters, 2014 ...

Exporters sell corn to Japan, Mexico CHICAGO: Private exporters reported the sale of 135,664 tonnes of corn to Japan for delivery during the 2014/15 marketing year, the US Agriculture Department said on Friday. USDA also said that exporters booked deals to ship 101,604 tonnes of corn to Mexico during 2014/15. By law, exporters must report promptly the sale of 100,000 tonnes or more of a commodity made in one day, or quantities totaling 200,000 tonnes or more in any reporting period. ...
CBOT soybeans close firm after two-day drop CHICAGO: US soybean futures rose on Wednesday, supported by bargain buying and technical strength following two straight days of declines.The benchmark Chicago Board of Trade January soybean futures contract found support after falling to its 100-day moving average of $10.15 a bushel.Plentiful supplies kept the gains in check, with January soybeans hitting resistance near the 10-day moving average before consolidating around the 40-day moving average.Bargain buyers also lifted soymeal, which had fallen for four of ...
CBOT corn edges higher on China approval, wheat surge CHICAGO: Chicago Board of Trade corn futures were narrowly higher on Wednesday, supported by surging wheat prices and reports that China approved for import several genetically modified corn varieties, traders said.Record US ethanol production also supported corn futures but plentiful supplies in the wake of a record US harvest and expectations for only limited corn sales to China capped gains.Most-active CBOT March corn climbed about 0.5 percent while CBOT March wheat jumped 4 percent on ...
Gold choppy after Fed signals on track for 2015 rate hikes NEW YORK/LONDON: Gold turned lower on Wednesday, after briefly climbing above $1,200 per ounce following the US Federal Reserve's signal that it remained on track to raise interest rates in 2015. The Fed offered a strong message that it was on track to raise interest rates sometime next year, altering a pledge to keep them near zero for a "considerable time" in a show of confidence in the US economy. Spot gold was down 0.4 ...
Wheat hits 6-month high on Russia worries; soy, corn firm CHICAGO: Chicago Board of Trade wheat futures surged 4 percent on Wednesday, rising for a fifth straight session on worries that Russia, a key global supplier, might restrict exports to cool domestic prices, traders said.Strong US ethanol production bolstered corn, while soybeans firmed on technical buying.CBOT March wheat settled up 25-1/4 cents at $6.48-1/2 per bushel, after reaching $6.50-3/4, the highest spot price on a continuous price chart since May 23.March corn ended up 2-1/4 ...
Gold sinks over 2 percent for worst day in 2014 on oil rout NEW YORK/LONDON: Gold fell more than 2 percent to one-week lows on Monday for its weakest session so far this year after a late sell-off triggered by oil's continued rout and a stronger dollar ahead of the key Federal Reserve meeting later in the week. Bullion prices had weakened in early trade as the dollar firmed before the Fed meeting on Tuesday and Wednesday, which could provide clues on the timing of a possible interest ...

 



 
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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%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln