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NY sugar targets 14.56-14.87 cents range SINGAPORE: New York March sugar is expected to drop into a range of 14.56-14.87 cents per lb, as it could have completed a rebound from the Jan. 5 low of 14.07 cents.The completion has been confirmed by the deep fall from the Jan. 21 high of 16.16 cents. A Fibonacci retracement analysis on the rise from 14.07 cents to 16.16 cents reveals a target zone formed by the 76.4 percent and the 61.8 percent levels.Strategically, the target zone will be confirmed when sugar breaks the immediate support at 15.12 cents, the 50 percent level. Resistance is at 15.36 cents, the 38.2 percent level, a break above which could trigger a further gain to 15.67 cents, the 23.6 percent level.Copyright Reuters, 2015 ...

ICE raw sugar futures tumble 5.2pc after hitting sell-stops NEW YORK: Raw sugar futures on ICE tumbled more than 5 percent in heavy volume on Friday, after a wave of automatic sell orders were triggered, traders said. The benchmark March raw sugar futures contract was down 3.2 percent at 15.40 cents per lb at 8:55 a.m. EST (1355 GMT), paring losses after sinking to 15.08 cents per lb. Traders said sell-stops were triggered at 15.60 cents.Copyright Reuters, 2015 ...
Weak coffee demand hurts Coffee Holding sales, but company posts profit NEW YORK: Coffee Holding Co Inc said on Friday that its fiscal 2014 net sales dropped after market volatility and soaring bean prices hurt coffee demand, but the wholesale coffee roaster and dealer returned to profitability."The decrease in net sales primarily reflects a decrease of 20 percent in pounds of green coffee sold during fiscal year 2014," the Staten Island, New York-based company said in its year-end report. Net income for the year ended on ...
US corn gains on export sales; wheat flat CHICAGO: US corn futures firmed on Friday on support from bigger-than-expected US export sales, traders said."The exports are pretty important," said Bill Gentry, broker at Risk Management Commodities in Lafayette, Indiana. "(They show) the corn has got some value at these and lower levels."Soybeans dipped, with the market consolidating near three-month lows as the harvest from South American comes on line. Wheat was mostly flat after climbing from overnight lows on bargain buying.Any signs of ...
ICE cotton turns lower as buoyant dollar offsets strong US export data NEW YORK: Cotton futures slipped to near a 5-1/2 year low on Friday, returning earlier gains, as a strong dollar and dragging crude oil prices offset a flurry of buying after strong weekly US government export data.The front-month March cotton contract on ICE Futures US fell as low as 57.15 cents a lb, the weakest price since September 2009, and was down 0.54 cent, or 0.9 percent, at 57.23 cents at 12:30 p.m. EST (1630 ...
Iron ore miner Sable agrees $1.3bn export deal MONROVIA: Sable Mining signed a $1.3 billion deal to export iron ore via Liberia on Friday, offering the London-listed firm the transport link it has so far lacked to exploit the site in Guinea where the ore is mined. The agreement was signed by the head of the Liberia National Investment Commission George Wisner and Sable non-executive director Aboubacar Sampil in the nation's capital Monrovia.The 25-year deal, which mandates the firm to expand rail links ...
Brazil soy crop estimated at 93.9mn T SAO PAULO: Brazil's 2014/15 soy crop will likely yield 93.93 million tonnes, down from 94.8 million tonnes estimated in December, local analyst Agroconsult said on Thursday.The overall corn crop will likely be 79.98 million tonnes, Agroconsult said, including 29.96 million tonnes from the first crop and 50.02 million tonnes from the second crop that will be planted soon. Copyright Reuters, 2015 ...

 



 
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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%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 22, 2015
Reserves $10.331 bln