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Raw sugar down 3 pct on weak Brazil real, arabica at 7-week low NEW YORK: Raw sugar futures on ICE tumbled 3 percent on Monday, pressured by the weak currency in Brazil, the world's biggest sugar producer, while arabica coffee fell to a seven-week low after an influential trade house raised a key crop forecast. New York cocoa futures were little changed after Friday's volatile session.The London markets were closed for a holiday and volume was light on ICE Futures USBrazil's currency, the real, fell sharply against the US dollar and attracted fund selling, eventually triggering automatic sell orders, traders said."It's the real. It makes the ethanol price fall so sugar's basically tracking it," said Michael McDougall, director of commodities for Societe Generale in New York.Ethanol is made from sugar in Brazil.July raw sugar futures settled down 0.4 cent, or 3.1 percent, at 12.51 cents a lb.Traders said technical selling was triggered below 12.55 cents, the April 23 low.Arabica coffee futures dropped for ...

Gold falls 2pc after better-than-forecast US jobs data NEW YORK/LONDON: Gold fell 2 percent on Thursday after better-than-forecast U.S. jobs data encouraged investors to sell the traditional safe-haven market, reviving expectations the Federal Reserve could raise interest rates soon.Data on Thursday showed claims for state unemployment benefits declined 34,000 to a seasonally adjusted 262,000 for the week ended April 25, the lowest reading since April 2000.Separately, U.S. consumer spending rose 0.4 percent last month after rising 0.2 percent in February, while the Chicago ...
Raw sugar falls from near 8-week high before record delivery NEW YORK/LONDON: Raw sugar futures on ICE were mostly higher on Thursday, with the spot contract falling from the highest level in nearly eight weeks ahead of a record delivery, though the sweetener saw its strongest monthly gain in nearly two years.Arabica coffee futures firmed on technical buy signals, finishing the month up for the first time since August 2014. Cocoa rose, though the weak pound capped gains in New York.Traders said Wilmar International Ltd ...
Sugar dips on Brazil crop outlook, India tax; NY cocoa firms NEW YORK/LONDON: Raw sugar futures on ICE eased on Wednesday despite a weak U.S. dollar, as prices were pressured by chart-based sell signals, prospects of a big Brazilian crop and a higher Indian import tax.New York cocoa rose on the firm pound, but failed to breach the prior session's seven-week high, while the coffee markets were little changed.Raw sugar fell on bearish fundamental and technical factors, despite the sharply lower dollar, which typically supports dollar-traded ...
Corn rebounds from 6-month low on technicals, weak dollar CHICAGO: US corn edged higher on Wednesday, rebounding from a six-month low notched in the previous session on light investor short covering and a weaker dollar.Soybeans also gained at the Chicago Board of Trade on exporter demand, led by top importer China, while wheat prices were mixed after Tuesday's nearly five-year low. Grains trading volumes were likely to be light ahead of a US Federal Reserve statement expected at 1 p.m. CDT (1800 GMT), at ...
Gold up 1 percent on soft dollar after weak US data NEW YORK/LONDON: Gold rose 1 percent on Tuesday after disappointing U.S. data hit the dollar and dampened expectations that the Federal Reserve will hint at this week's policy meeting at an interest rate hike in coming months.Spot gold climbed 1.1 percent to a three-week high of $1,215 after the data showed U.S. consumer confidence dropped in April to its lowest since December.It was up 0.9 percent at $1,212.13 an ounce at 2:42 p.m. EDT (1842 ...
Sugar turns lower as key spread narrows ahead of May expiration NEW YORK/LONDON: Raw sugar futures on ICE turned lower on Tuesday as fund selling pushed prices down after they failed to rise to a key level, while the May/July spread narrowed quietly ahead of the spot contract's expiration on Thursday.Cocoa futures reached seven-week highs on chart-based buying, but were little changed after that buying dried up, while coffee consolidated higher after tumbling the previous session.In sugar, traders said fund selling entered the market after the ...

 



 
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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
WeeklyMay 21, 2015
Reserves $17.75 bln