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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 bought 1.9 million tonnes of raw sugar against the May contract that expired on Thursday, setting a record for a delivery against the benchmark futures contract.The ICE exchange will formally announce the delivery results on Friday.May raw sugar settled down 0.11 cent, or 0.8 percent, at 12.98 cents a lb, finishing April up 8.8 percent, the strongest monthly gain since June 2012. The discount of the May/July spread grew ahead of the expiry of the ...

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 ...
Wheat near 5-year low on good US crop conditions, rains CHICAGO: US wheat tumbled to its lowest levels since June 2010 on Tuesday, pressured by stable crop conditions and recent rains in what were dry portions of the southern Plains.A massive net short position held by speculative investors also weighed on Chicago Board of Trade wheat futures amid plentiful global grain supplies and cheaper offerings out of Europe and the Black Sea region."The big funds want to press the market lower, and lower we go," ...
Corn, wheat fall to 6-month lows on US weather CHICAGO: US corn and wheat futures fell on Monday to their lowest levels since October, on outlooks for speedy corn plantings in the Midwest and crop-friendly rains in the southern Plains wheat belt. Chicago Board of Trade corn futures extended declines to their sixth straight session amid forecasts for dry weather this week that will allow farmers to work fields. Analysts polled by Reuters expected the US Department of Agriculture later in the day to ...

 



 
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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 26, 2015
Reserves $17.749 bln