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NY sugar soars over 3pc in dramatic recovery from 2010 low NEW YORK: ICE raw sugar rose more than 3 percent on Wednesday, the most in 2-1/2 months, rebounding from a more than 4-1/2-year low, as short-covering and technical buying more than offset deepening concerns about weak demand and ample supplies.ICE cocoa gained the most in nearly eight months as it extended a bounce off last week's three-month low.Arabica coffee fell on low volume. After sinking nearly 2 percent to 13.32 cents per lb, its lowest level since May 2010 and a key long-term support, sugar staged a dramatic comeback as traders raced to cover bearish bets after 10 straight days of losses. Prices rose 3.4 percent from the previous day, hitting an intraday high of 14.01 cents shortly before the close. The recovery was notable for its size and volume. In three hours, prices rose more than 5 percent with more than 180,000 lots traded, nearly double the 250-day moving ...

US corn, soybean futures fall as harvest nears CHICAGO: US corn futures sagged 1 percent on Wednesday, with soybeans falling too, ahead of a likely record harvest of both crops across the US Midwest in the coming weeks, traders said."The new crop is going to overwhelm the balance tables," Matt Zeller, director of market information at INTL FCStone, said in a note to clients.Supplies were tight in the country but processors and elevators were preparing to be overwhelmed with a glut of both ...
Brazil raises 2014/15 coffee crop estimate to 45.14mn bags SAO PAULO: Brazil, the world's largest exporter of coffee, raised its estimate of the recently harvested 2014/2015 crop after good weather boosted output of the country's robusta crop, the Agriculture Ministry said on Tuesday.The overall coffee crop that ended harvest in past weeks is estimated at 45.14 million 60-kg bags, up from the 44.57 million bags forecast in May, the ministry's crop supply agency Conab said in its third estimate of the crop.The increase in ...
China signs agreements to buy 4.8mn tonnes of US soybeans CHICAGO: A Chinese trade delegation signed agreements with U.S. exporters to purchase 4.8 million tonnes of soybeans valued at $2.3 billion following a weeklong industry tour, the U.S. Soybean Export Council said on Tuesday.The 21 purchase agreements were signed late Monday during a global trade conference sponsored by the council in Milwaukee, Wisconsin.These routine buying missions occur yearly, reflecting China's huge demand for oilseeds and grains globally, traders said.China, the world's largest soybean buyer, purchased ...
US soy, corn futures rise; wheat dips on supply glut CHICAGO: US soybean futures firmed on Monday on a bargain-buying rebound after hitting their lowest in more than four years, but gains were kept in check by expectations of a record US harvest this fall, traders said.Corn futures also were higher, with short-covering and technical buying featured as prices hovered near contract lows. Wheat slipped, with plentiful global supplies and low demand for US offerings on the export market sending prices to the lowest since ...
ICE cotton pares losses after USDA cuts US output outlook NEW YORK: Cotton futures pared losses on Thursday after the U.S. government cut its 2014/15 U.S. crop forecast in its monthly supply-demand forecast by more than many anticipated.The most-active December cotton contract on ICE Futures U.S. was down 0.12 cent, or 0.2 percent, at 67.02 cents a lb by 12:12 p.m. EDT (1612 GMT) in choppy trade following the report.The U.S. Agriculture Department (USDA) projected domestic output at 16.5 million 480-lb bales during the 2014/15 ...
Soy rises from contract low hit ahead of US crop report CHICAGO: New-crop US soybean futures hit a new contract low on Wednesday and corn matched its contract low ahead of the release of US crop reports that are expected to show a rise in the government's harvest projections.Wheat also notched a contract low, weighed down by plentiful global supplies.Prices for corn and soybeans rose from their lows as traders bought back previously sold positions before the US Department of Agriculture issues monthly supply/demand and production ...

 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln