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Global cocoa demand growth to slow even as grinding soars NEW YORK: Global demand for cocoa will grow at a slower pace than many in the industry expect, even as grinding rates hit fresh record highs, an executive at Blommer Chocolate Co, North America's No. 1 cocoa grinder, said on Tuesday.Jeff Rasinski, corporate director of procurement for Blommer, estimated global cocoa demand will rise 2.1 percent to 2.2 percent in 2014, down from the company's estimate of a 2.5 percent to 3 percent rise in 2013."(It is) still positive growth, but it's not meeting unrealistic expectations that people had set for themselves based on last year's performance," Rasinski told Reuters.Forecasts of another year of brisk growth as high as 3 percent or 3.5 percent are "overly optimistic", he said.His comments come at a critical time for the cocoa market as prices soar to the highest level in nearly three years. Amid concerns about a supply deficit major companies, including Cargill ...

US corn conditions slip in the past week, surprising analysts CHICAGO: Weekly US corn conditions declined slightly in the past week, surprising many traders who expected the government to keep ratings steady or raise them given nearly ideal crop weather across the central Midwest, analysts said on Monday. The US Department of Agriculture rated 75 percent of the corn crop good to excellent as of Sunday, down 1 percentage point from a week ago. Analysts polled by Reuters expected USDA to rate 76 percent of ...
Colombia May coffee output up 12pc on year, exports slip BOGOTA: Colombia produced 1.05 million 60-kg bags of arabica coffee in May, up 12 percent from the same month last year, the national coffee growers' federation said on Wednesday, while exports slipped 3 percent to 831,000 bags.Colombia's mild arabica coffee output is rebounding after a run of poor harvests caused by roya, or leaf rust fungus, and poor weather. The farmer-funded federation did not give a reason for the small year-on-year decline in exports.The federation ...
Gold hits 4-month low, longest losing streak in 7 months NEW YORK: Gold prices edged lower for a fifth day in a row on Monday, marking their longest losing streak in seven months, as investors remained glued to ebullient equity markets after US stocks hit another record high.Caution ahead of the latest European Central Bank policy meeting and a rash of key US data due this week also kept gold bulls at bay.The spot price of gold was down 0.7 percent at $1,242.90 an ounce ...
Cocoa at highest since 2011 NEW YORK: Cocoa futures rose on Friday to their highest level in 32 months, buoyed by the potential for a deficit in the 2014-15 crop year, while arabica and robusta coffee saw their weakest monthly performances since September 2011.Raw sugar prices on ICE Futures US fell, dragged by a weak physical market. Cocoa futures on both ICE and Liffe rose to their highest in around 33 months, after gaining for 10 of the past 11 ...
Gold flat, pares losses as data shows US GDP shrank NEW YORK/LONDON: Gold traded flat on Thursday, bouncing off its lowest level in nearly four months after data showing that the U.S. economy contracted in the first quarter for the first time in three years.The U.S. Commerce Department estimated that gross domestic product shrank in the first quarter at a 1.0 percent annual rate. Economists blamed severe winter weather, and the stock market took the news in stride, with all three major U.S. stock indexes ...
Corn, wheat hit near 3-month low on improved crop weather CHICAGO: US grain futures fell more than 1 percent on Tuesday, with corn and wheat hitting roughly three-month lows, as favorable crop conditions and signs of easing tensions in major export hub Ukraine sparked investor long liquidation, traders said.Bull spreading in Chicago Board of Trade corn and soybean futures saw new-crop contracts posting larger declines than nearby contracts, reflecting forecasts for mostly dry conditions for planting in the US Corn Belt.Analysts on average expected the ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 25, 2014
Reserves $13.925 bln