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Raw sugar touches two-month high, cocoa at March peak NEW YORK/LONDON: Raw sugar futures on ICE rose to a two-month high on Monday, buoyed by strong export differentials and forecasts for rain in top grower Brazil, while cocoa advanced to March highs as a smaller-than-expected crop in Ghana supported prices.Coffee futures eased, however, but stayed within a recent trading range.Raw sugar futures rose for the fifth straight session on continued support from the record May delivery after a large number of ships were quickly nominated, causing the export differential in Brazil to jump.Traders estimated that vessels for 600,000-800,000 tonnes of sugar for the record May delivery have been nominated, while there was talk of even more vessel nomination having taken place. This caused some who are in need of sugar to scramble for supplies, lifting the export differential to a small premium compared with a discount at this time last year, traders said.July raw sugar futures on ICE closed ...

Weather outlook weighs on corn, soy; wheat falls after rally CHICAGO: US corn and soybean futures fell on Thursday, pressured by forecasts for wet and warm weather in the Midwest that will foster early development of both crops in the coming weeks, traders said.Wheat futures also dropped after a sharp rally on Wednesday despite reports of poor yields from a crop tour of Kansas.Corn sagged 1.6 percent. The outlook for rain overwhelmed a U.S. government report that showed old-crop export sales of corn topped expectations ...
Gold slips for second session on higher dollar, bond yields NEW YORK/LONDON: Gold extended losses into a second day on Thursday as a firm dollar and early strength in bond yields dented its investment appeal, and weighed also by uncertainty over the timing of a U.S. interest rate increase.Spot gold was down 0.8 percent at $1,182.31 an ounce by 2:14 p.m. EDT (1814 GMT), holding below the key $1,200 level for a fifth day. U.S. gold futures for June delivery settled down $8.10 at $1,182.20 ...
Raw sugar rises again after record delivery, robusta drops NEW YORK/LONDON: Raw sugar futures on ICE rose for the third straight day on Thursday, in choppy dealings buoyed by talk of heavy vessel nominations for the record May delivery while the weak commodity complex added pressure.Robusta coffee fell to a two-month low, pressured by forecasts for rains in major grower Vietnam, while cocoa rose in sideways dealings.Raw sugar futures continued to attract short covering on strong vessel nominations after a big delivery against expiry ...
Corn, soy dip on weather view; wheat falls from 1-week high CHICAGO: US corn and soybean futures fell on Thursday, pressured by forecasts for wet and warm weather in the Midwest that will foster early development of both crops in the coming weeks, traders said.Wheat futures also dropped after a sharp rally on Wednesday despite reports of poor yields from a crop tour of Kansas.Corn sagged 1.2 percent. The outlook for rain overwhelmed a US government report that showed old-crop export sales of corn topped expectations ...
Gold down as strong US yields offset weaker dollar NEW YORK/LONDON: Gold edged down on Wednesday, as the impact of higher U.S. real yields counteracted the effects of a sharply weaker dollar, soft U.S. data and doubts the Federal Reserve will raise interest rates at its June meeting.Spot gold was down 0.2 percent at $1,190.01 an ounce by 3:10 p.m. EDT (1910 GMT), while U.S. gold futures for June delivery settled down $2.90 at $1,190.30 an ounce.Gold, which pays no interest, was under pressure ...
US wheat jumps on weak crop tour results, short covering CHICAGO: US wheat futures surged 2.7 percent on Wednesday, bouncing back from near five-year lows on disappointing results from a crop tour and a crumbling U.S. dollar, traders said.The wheat gains, the most since April 1, spilled into the corn market, which also benefited from slow farmer selling on the cash market. Soybeans weakened on a round of technical selling after prices hit a two-month high early in the session.Scouts on the Wheat Quality Council's ...

 



 
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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%
MonthlyApril
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 28, 2015
Reserves $17.494 bln