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ICE coffee hits two years high NEW YORK: ICE arabica coffee soared 8 percent on Tuesday to a more than two-year high after a major trade house cut its forecast for the 2014/15 Brazil crop, the latest of a string of reduced outlooks in recent months due to drought damage in the top producer.London refined sugar prices jumped as trading resumed after the long holiday weekend, catching up with Monday's gains in the New York market, and cocoa futures ended little-changed.Volcafe, the Swiss-based coffee division of commodities house ED&F Man, offered its first outlook on Brazil's crop following a record hot January, pegging 2014/15 output at 45.5 million 60-kg bags, down from a previous projection of 50.7 million.The estimate put the "frighteners on the market," with buy-stops fueling the gains, said a London dealer. It was the latest in a string of lower estimates and global supply deficit forecasts due to the drought damage that have ...

Gold falls as ETF outflows weigh; palladium tumbles NEW YORK/SINGAPORE: Gold prices fell to a nearly three-week low on Monday as sharp outflows from the world's biggest bullion-backed exchange-traded fund (ETF) and the lack of a further increase in geopolitical tension prompted selling.Palladium slid more than 2 percent on follow-through weakness after South Africa's biggest platinum producers last week offered to raise wages for miners in a bid to end a widespread mining strike.Silver also fell more than 1 percent, weighed down by ...
ICE cotton slips in light trade as buyers sit on sidelines NEW YORK: Cotton futures edged down on Monday in light volumes as an absence of investor buying and concerns over waning demand kept prices under pressure.The most-active July cotton contract on ICE Futures U.S. closed down 0.13 cent, or 0.1 percent, to settle at 92.34 cents a lb as prices hugged support along their 10- and 14-day moving averages.Volumes were below average following the long weekend. Cotton trading on ICE opened at the regular time ...
CBOT wheat drops 3.3pc as funds sell CHICAGO: Chicago Board of Trade wheat futures plunged 3.3 percent, the biggest drop in more than a year, on long liquidation by investment funds following some much-needed rains in the US Plains, traders said.Technical selling also was noted as the benchmark Chicago Board of Trade May soft red winter wheat contract dropped through key support levels at its 30-day and 40-day moving averages during the session.It was the biggest daily drop in percentage terms for ...
CBOT soybeans drop as weather improves CHICAGO: Chicago Board of Trade soybean futures fell on Monday on a round of profit taking following the market's rally to a nine-month high on Thursday, traders said.Improving planting weather in the US Midwest also contributed to the weakness hanging over the market. Losses in new-crop soybeans outstripped old-crop months.Tight domestic supplies of soybeans limited the declines in the futures market and prices for the benchmark May contract found support around the 10-day moving average.Soymeal ...
CBOT corn at 3-week low on improved US planting outlook CHICAGO: US corn futures declined for the third straight session and finished at their lowest levels of the month on Monday, pressured by improved planting conditions in the top-producing country the United States, traders said.Warm and dry conditions over the weekend allowed farmers in much of the US Midwest to work fields. Extended forecasts in the region call for above-normal temperatures but scattered rains could delay corn seedings later this week in parts of the ...
ICE Canada canola slips on better planting weather, soybean drop WINNIPEG: ICE Canada canola futures dropped on Monday for the second straight session, pressured by a dip in soybean prices and milder weather ahead of planting season in Western Canada.Canadian farmers are expected to plant the second-largest canola area on record this spring, of 21.1 million acres.May canola lost $6.40 at $463.30 per tonne.July gave up $6.00 to $473.30 per tonne.May-July spread widened to a July premium of $10.Chicago May soybeans shed 15-1/4 U.S. cents ...

 



 
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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