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Chile Feb copper output falls 1.1pc from year earlier SANTIAGO: World No. 1 copper producer Chile produced 447,810 tonnes of copper in February , a 1.1 percent decrease from a year earlier, due to plant maintenance at a key project, the government said on Monday.Chile, which produces a third of the world's copper, is struggling with dwindling ore grades in many of its aging deposits, although new mines are helping to boost output."This result is explained by decreased extraction in the period due to programmed maintenance work at the processing plant of an important mine, which reduced production," the official INE statistics agency said.The INE does not give details on the mines in question, but in February the massive Collahuasi copper mine temporarily halted its main grinding mill for minor maintenance work.Collahuasi, one of the world's largest copper mines, is a partnership between Glencore Plc and Anglo American Plc .In the first two months of the year, Chile produced ...

Sugar falls to lowest in more than 6 years, arabica dips NEW YORK/LONDON: Raw sugar futures on ICE extended losses and fell to the lowest in more than six years on Friday, weighed down by abundant supplies, while coffee also dropped along with the larger commodity complex Cocoa extended losses, with the New York market falling for the fourth straight week and London for the fifth as speculators fled. Raw sugar fell to a session low of 12.10 cents a lb, the lowest since January 2009, ...
CBOT soybeans extend losing streak on US acreage view CHICAGO: US soybean futures fell to a one-week low on Friday on pressure from the expanding South American harvest and forecasts for huge plantings in the United States, traders said.It was the fourth straight lower close for the front-month soybean contract at the Chicago Board of Trade.Soymeal futures also slipped, but support from end-of-week short covering kept the declines in check.Soyoil posted the biggest decline, dropping 1.7 percent on weak demand in the cash market ...
CBOT corn edges lower on positioning ahead of USDA data CHICAGO: Chicago Board of Trade corn futures finished mostly lower in a two-sided session on Friday as investors evened positions before the US Department of Agriculture releases data next week, traders said.Most-active May corn futures reversed from narrow gains and settled lower, still gaining about 1.7 percent for the week. Prices reached roughly a five-week peak on Thursday before turning lower in a bearish "outside day" on the charts. Friday's session low of $3.89-1/4 per ...
Wheat jumps 2pc in rebound ahead of USDA reports CHICAGO: US wheat climbed as much as 2 percent in a bargain-buying bounce on Friday, rebounding after three sessions of steep declines that dragged futures into technically oversold territory. Soybean and corn futures each were lower at the Chicago Board of Trade with investors in all three trading pits squaring their books ahead of the US Department of Agriculture's prospective plantings report due next week.Wheat shed more than 4 percent for the week despite Friday's ...
NY cocoa to fall to $2,505 in three months SINGAPORE: New York cocoa is expected to drop to $2,505 per tonne over the next three months as indicated by its wave pattern and a Fibonacci projection analysis.The drop from the Sept. 25, 2014 high of $3,349 consists of three waves, with the current wave c progressing towards $2,505, the 61.8 percent Fibonacci retracement on the rise from the Dec. 12, 2011 low of $1,983 to $3,349.The analysis also reveals support at $2,666, the 50 ...
Wheat set for weekly loss of more than 5pc, but corn up SYDNEY: US wheat on Friday held on to most of its losses from the previous session, when it posted its biggest daily drop in more than eight months, and was set to finish the week down 5.5 percent amid favourable weather forecasts and a firm dollar.Soybeans fell for a fourth day, hurt by expectations of a bumper South American crop, but corn gained for a fifth session out of six as higher crude oil prices ...

 



 
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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