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ICE cotton falls on export sales cancellations, strong dollar NEW YORK: ICE cotton fell for the sixth straight session on Thursday, pressured by a U.S. export sales report showing net cancellations last week and a strong U.S. dollar.The most-active May cotton contract on ICE Futures U.S. fell 0.37 cent, or 0.6 percent, to settle at 63.23 cents a lb, dropping for six consecutive sessions for the first time since late June and early July of 2014.Cotton dropped immediately following the release of the U.S. Department of Agriculture's export sales report early in the session, which showed net cancellations of 62,500 bales for the week ended Feb. 26, driven by a cancellation of 118,200 bales from top-consumer China, compared with 4,300 bales in new sales.That price drop was a "knee-jerk reaction," said Sharon Johnson, introducing broker for Wedbush Securities in Atlanta, Georgia, as the report also showed exports of 360,800 bales, a marketing-year high, with China as the primary destination.In ...

ICE arabica coffee falls on weak Brazilian real; sugar recovers NEW YORK/LONDON: Arabica coffee futures fell on a weak Brazilian real currency on Thursday after a rally in the previous session, while raw sugar edged up from around its lowest levels in nearly five years due to short-covering and indications of growing demand.Cocoa on ICE Futures U.S. dipped, pressured by a stronger dollar and a lack of new buying interest after its inability to consistently close above a key technical level.May arabica futures fell 2.5 ...
Gold falls below $1,200/oz after rising on ECB forecasts NEW YORK/LONDON: Gold eased on Thursday, changing direction and falling below $1,200 an ounce as short-covering dried up after buoying prices following the European Central Bank's (ECB) announcement that it will lift its 2016 inflation forecast.The ECB held interest rates unchanged at record lows while raising next year's inflation expectation to 1.5 percent from 1.3 percent and predicting 2017 inflation at 1.8 percent."The ECB is much more optimistic regarding growth and inflation than we are ...
NY cocoa may drop into $2,968-$2,981 range SINGAPORE: New York May cocoa may fall more into a range of $2,968-$2,981 per tonne, as indicated by a Fibonacci retracement analysis.The drop from the March 3 high of $3,038 is apparently against the short uptrend from $2,924. A Fibonacci retracement analysis on the trend reveals a support at $2,994, the 38.2 percent level, which may not hold the drop, as this drop consists of three waves.The third wave labelled c is expected to travel ...
Wheat hits 1-week low, soy struggles with record LatAm supply SINGAPORE: Chicago wheat futures fell for a second session on Thursday to the lowest in a week, pressured by sluggish demand for expensive US supplies and improved crop prospects around the Black Sea.Soybeans dipped to their lowest in almost three weeks on easing concerns over South American supplies, before steadying after three straight losing sessions."The greenback's strength remains the main issue for US wheat prices," Tobin Gorey, director of agricultural strategy for Commonwealth Bank of ...
Soybeans drop for third day, wheat falls on strong dollar CHICAGO: US soybean futures fell for a third straight session on Wednesday as a fading truckers' strike in Brazil and easing concerns about a farmers' protest in Argentina reduced fears of major South American export disruptions.Wheat fell under combined pressure from a stronger dollar, which makes U.S. grain more expensive on world markets, and an improving outlook for the U.S. winter wheat crop.Corn slumped along with soybeans and wheat, but losses were lessened by firm ...
Arabicas rebound 6 percent on short-covering spree NEW YORK/LONDON: Arabica coffee futures on ICE jumped 6 percent on Wednesday, snapping back from the prior session's biggest tumble in nearly five years on heavy short-based buying, while raw sugar fell to the lowest level since 2010 on abundant supplies.London cocoa futures inched up to a five-month high, rising for the fifth straight session on support from the weak pound against the U.S. dollar, while New York cocoa eased, falling back below its 200-day ...

 



 
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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%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $16.137 bln