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Raw sugar at 3-week high on Brazil crush capacity concern NEW YORK/LONDON: Raw sugar futures on ICE jumped more than 2 percent to a three-week high on Wednesday after the first 2014/15 crop forecast from Brazilian cane industry group Unica raised concern about crushing capacity.Arabica coffee on ICE Futures U.S. pared gains on investor selling after the market extended the previous session's 8 percent surge to hit a 26-month peak, powered by downward revisions to Brazil's expected 2014/15 output due to drought. Cocoa on Liffe and ICE nudged higher.May raw sugar futures on ICE jumped 0.43 cent, or 2.5 percent, to close at 17.42 cents a lb, the highest settlement since March 31. August white sugar on Liffe firmed by $7.10, or 1.5 percent, to end at $479.80 a tonne.Unica, Brazil's main sugar and ethanol industry association, reported that 10 Brazilian cane mills are unlikely to open this year due to financial difficulties, with another 30 undergoing restructuring and several ...

CBOT corn at 1-week high on technical buying, slow US plantings  CHICAGO: US corn futures rose for the second straight session on Wednesday, rebounding from a three-week low notched on Monday amid technical buying and a slow pace of plantings in the Midwest, traders said.Front-month Chicago Board of Trade May corn futures climbed above both the 10- and 20-day moving averages, finishing unofficially just below their session high of $5.04-1/4 per bushel. Most-active July corn gained 1.5 percent while new-crop December futures rose roughly 1.7 percent.Rains ...
ICE coffee hits two years high NEW YORK: ICE arabica coffee soared 8 percent on Tuesday to a more than two-year high after a major trade house cut its forecast for the 2014/15 Brazil crop, the latest of a string of reduced outlooks in recent months due to drought damage in the top producer.London refined sugar prices jumped as trading resumed after the long holiday weekend, catching up with Monday's gains in the New York market, and cocoa futures ended little-changed.Volcafe, ...
Gold falls as ETF outflows weigh; palladium tumbles NEW YORK/SINGAPORE: Gold prices fell to a nearly three-week low on Monday as sharp outflows from the world's biggest bullion-backed exchange-traded fund (ETF) and the lack of a further increase in geopolitical tension prompted selling.Palladium slid more than 2 percent on follow-through weakness after South Africa's biggest platinum producers last week offered to raise wages for miners in a bid to end a widespread mining strike.Silver also fell more than 1 percent, weighed down by ...
ICE cotton slips in light trade as buyers sit on sidelines NEW YORK: Cotton futures edged down on Monday in light volumes as an absence of investor buying and concerns over waning demand kept prices under pressure.The most-active July cotton contract on ICE Futures U.S. closed down 0.13 cent, or 0.1 percent, to settle at 92.34 cents a lb as prices hugged support along their 10- and 14-day moving averages.Volumes were below average following the long weekend. Cotton trading on ICE opened at the regular time ...
CBOT wheat drops 3.3pc as funds sell CHICAGO: Chicago Board of Trade wheat futures plunged 3.3 percent, the biggest drop in more than a year, on long liquidation by investment funds following some much-needed rains in the US Plains, traders said.Technical selling also was noted as the benchmark Chicago Board of Trade May soft red winter wheat contract dropped through key support levels at its 30-day and 40-day moving averages during the session.It was the biggest daily drop in percentage terms for ...
CBOT soybeans drop as weather improves CHICAGO: Chicago Board of Trade soybean futures fell on Monday on a round of profit taking following the market's rally to a nine-month high on Thursday, traders said.Improving planting weather in the US Midwest also contributed to the weakness hanging over the market. Losses in new-crop soybeans outstripped old-crop months.Tight domestic supplies of soybeans limited the declines in the futures market and prices for the benchmark May contract found support around the 10-day moving average.Soymeal ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln