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ICE raw sugar prices rise most in three weeks on weaker dollar NEW YORK/LONDON: Raw sugar futures rose in their sharpest single-session gains in three weeks on Thursday, boosted partly by a weaker U.S. dollar as the market extended its rebound following a sharp setback in prices during the last few days.Arabica coffee on ICE Futures U.S. fell the most in two weeks on technical selling, while cocoa inched up.May raw sugar gained 0.43 cent or 3.4 percent to settle at 13.09 cents a lb, its largest single-session day of gains since April 2.Traders said the weakening of the U.S. dollar against a basket of currencies helped boost sugar, as was the case with a number of dollar-traded commodities."Today is a macro buy day," said Nick Gentile, managing partner of commodity trading advisor NickJen capital in New York.A weaker dollar boosts greenback-traded commodities by making them less expensive to holders of other currencies. In addition, real currency of top-producer Brazil gained, discouraging ...

Corn touches one-month low, soy slips on bird flu concern CHICAGO: US corn futures touched a one-month low on Wednesday and soybeans dropped on concern that a bird flu outbreak in the United States may cut feed demand, as forecasts for favorable U.S. planting weather in coming weeks also weighed on prices.Wheat was slightly lower as early short covering support faded in light trading.Chicago Board of Trade May corn fell 1/2 cent to $3.72-1/2 a bushel after earlier hitting a low of $3.69-1/4, the lowest ...
Arabica coffee climbs to two-week high, raw sugar rebounds NEW YORK/LONDON: ICE arabica coffee futures pared advances after hitting a two-week high on Wednesday, as a stronger Brazilian real supported and buy-stops exaggerated gains, and raw sugar recovered most of the previous day's losses on the currency move and demand hopes.Second-month July arabica coffee on ICE Futures U.S. closed up 0.95 cent, or 0.7 percent, at $1.4365 per lb, paring gains in a late-session selling spree after hitting $1.4725.The Brazilian real touched is strongest ...
ICE cotton hits 1-month low as demand remains weak NEW YORK: Cotton futures fell to their lowest in more than a month on Wednesday as demand remained subdued despite significant losses in the past two weeks.The most active July cotton contract fell 0.07 cent, or 0.1 percent, to settle at 62.92 cents a lb after dropping as low as 62.35 cents, the lowest since March 19.Front-month May cotton fell 0.14 cent, or 0.2 percent, to settle at 62.49 cents.The losses came as part of ...
Gold has sharpest single-day loss in 6 weeks on US housing data NEW YORK/LONDON: Gold fell to its lowest level in more than a week on Wednesday, suffering its sharpest single session loss in over six weeks after a report showed strong U.S. home sales in March, raising expectations for a June U.S. Federal Reserve interest rate hike.Spot gold was down 1.3 percent at $1,186.63 an ounce by 2:47 p.m. EDT (1847 GMT), after falling as low as $1,185.33, the lowest level since April 14.That represented gold's ...
Wheat faces biggest weekly loss in 9 months on US weather SINGAPORE: Chicago wheat lost more ground on Friday, falling for four out of five sessions and on track for its biggest weekly decline since July on forecasts of much-needed rains across the US grain belt.Soybean prices were largely unchanged after climbing for the last three sessions on support from higher weekly export sales, although gains were capped by ample global supplies.Chicago Board of Trade front-month wheat is down 6.6 percent for the week, its biggest ...
Sugar surges more than 3pc, cocoa firms on grind data NEW YORK/LONDON: Sugar futures on ICE rallied more than 3 percent on Thursday, buoyed by short-covering and weakness in the U.S. dollar, while cocoa rose after data showed European first-quarter grindings were stronger than expected.Coffee futures also climbed as a lower greenback, pressured by weak U.S. economic data, attracted buying into the entire softs complex.Raw sugar futures rose to the highest in more than five weeks."Sugar is up on the dollar and short-covering," said David ...

 



 
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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