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Colombia March coffee output, exports down vs year ago BOGOTA: Colombia produced 800,000 60-kg bags of washed arabica coffee in March, down 3 percent from a year ago, the National Coffee Growers' Federation said on Monday, while exports fell 17 percent to 772,000 bags due to a truckers' strike.Production in the 12 months from April 2014 to March of this year totaled 12.3 million bags, the Federation said, up 8 percent from the prior 12-month period, helped by the widespread replanting of trees in the last several years with varieties resistant to roya fungus.Colombia's mid-crop harvest, or mitaca, is beginning now in several key coffee areas. The Andean country harvests coffee year round as the crop ripens at different times depending on the region.A truckers' strike over how the haulage sector is regulated disrupted the transport of coffee beans to ports in the first half of March, but ended after talks with the government.The price of New York-traded arabica ...

Arabica coffee jumps to 6-wk high on firm Brazil currency NEW YORK: Arabica coffee futures on ICE soared more than 4 percent to a six-week high on Monday, rising for a fourth straight session in heavy volume, lifted by Brazil's firming currency, active May/July spreading and chart-based buying. Raw sugar turned lower on abundant global supplies after marking the biggest two-day rally in nine months. New York cocoa futures rose on short-covering, rising for a fourth straight session. The ICE Futures US softs markets opened ...
CBOT soybeans close lower on profit taking, technical selling CHICAGO: US soybean futures fell on Monday on a profit-taking setback after prices hit their highest in nearly a month on Thursday, traders said.Technical selling added pressure after the benchmark Chicago Board of Trade May soybean futures contract failed to hold support above its 30-, 40- and 50-day moving averages during overnight trading.Soymeal futures also fell, with the May contract hitting resistance as it neared its 50-day moving average. Light demand on the cash market ...
Gold hits 7-week high as weak US jobs data dents rate hike hopes NEW YORK/SINGAPORE: Gold rose to a seven-week high on Monday, climbing for the second straight session after US jobs rose at the slowest pace in more than a year, fueling expectations the US Federal Reserve could postpone an anticipated rate increase. Nonfarm payrolls rose by 126,000 last month, less than half February's increase and the smallest gain since December 2013, the Labor Department said on Friday. The data pushed the US dollar lower early, making ...
CBOT corn edges lower on profit-taking, wheat declines CHICAGO: Chicago Board of Trade corn futures edged lower on Monday, pressured by steep declines in wheat and as investors took profits after two sessions of gains, traders said.Corn earlier traded higher as wet weather in portions of the southern United States delayed early plantings but revered to turn lower after reaching upside resistance near several major daily moving averages including the 50-day.The US Department of Agriculture pegged export inspections of corn in the week ...
ICE cotton hits 5-wk high after piercing 200-day moving average NEW YORK: Cotton futures rose to their highest level in more than five weeks on Monday after piercing a key technical level, and also received a boost from a weaker US dollar and positioning ahead of options expiry. The front-month May cotton contract on ICE Futures US gained 1.65 cents, or 2.6 percent, to settle at 65.34 cents a lb, after rising as high as 65.46 cents a lb, the highest for the front-month since ...
Wheat up for 3rd day on US drought, corn hits near 1-week top SINGAPORE: Chicago wheat futures gained 0.8 percent on Monday, rising for a third consecutive session to trade near a six-week high as a worsening US drought raised concerns over supplies.Corn climbed to its highest in almost a week, while soybeans rebounded after Thursday's losses. The market was closed on April 3 for the Good Friday holiday."We are seeing short covering in wheat as it is dry in US Plains at a very critical time for ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln