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Brazil 2014-15 soybean crop 38pc sold SAO PAULO: Brazil's 2014-15 soybean crop is now 38 percent sold, up from 32 percent a month ago, but well behind the 58 percent sold at this time last year, local analysts Safras e Mercado said on Friday.Safras expects a record 95-million-tonne crop, one of the highest estimates among private analysts.The average pace for sales this time of year is 54 percent, Safras added. The analyst did not explain in its monthly report why sales this year were lagging, though others say farmers are reluctant to sell their crop due to lower prices amid plentiful supplies in the United States and South America. Harvesting, as well as sales, is falling behind for the 2014-15 crop.Mato Grosso state's farm institute Imea said on Friday that harvesting in Brazil's top soy producing state is 25 percent complete, up 8 percent from last week, but still behind the 36.4 percent average.Delayed soy harvesting ...

Brazil's 2015-16 coffee crop pegged at 47.28mn bags NEW YORK: Brazil will harvest 47.28 million 60-kg bags of coffee in the 2015-16 crop year, up from 46.78 million bags in 2014-15, coffee exporter Terra Forte said in a report seen by Reuters on Friday. Brazil - the world's biggest coffee producer - will produce 32.05 million bags of arabica, up from 29.3 million in 2014-15, and 15.2 million bags of robusta, down from 17.4 million bags, the Terra Forte report said. Copyright Reuters, ...
US Cash Soymeal: Offers flat; demand remains strong CHICAGO: Spot basis offers for US soymeal held steady at processors in the truck and rail markets on Friday, dealers said.Demand remained strong for nearby shipments, with both domestic end users and exporters looking for supplies.Basis levels had firmed earlier in the week as slow country movement of soybeans limited the amount of crushing supplies processors had on hand.Profit margins at processors were still healthy despite the rising cost of acquiring soybeans, a trader said.Chicago ...
US soy rallies with demand; short-covering boosts wheat CHICAGO: US soybean futures rose 1.1 percent, their third straight day of gains, on Friday as demand for US stocks of the oilseed remained strong while overseas buyers waited for supplies from the South American harvest to hit the market, traders said.Wheat futures jumped on a round of short covering but remained stuck in recent trading ranges. The strength in wheat and soybeans spilled over to corn, which showed little independent strength.For the week, soybeans ...
Brazilian coffee farmers sell 79pc of 2014 crop SAO PAULO: Brazilian coffee producers sold 79 percent of the estimated 48.9 million bag harvest of 2014 by Feb. 6, surpassing the 75 percent average for this time of year, local crop analysts Safras e Mercado said on Thursday. In December, producers had sold 72 percent of their harvest and by Feb. 6, 2014, they had sold 70 percent, Safras said."The rise in prices in early February, due to the appreciation of the dollar and ...
US Cash Soymeal: Offers steady to firm in truck market CHICAGO: Cash basis offers for soymeal were steady to firm at truck market processors around the US Midwest on Thursday, supported by steady demand and slow country movement of soybeans, dealers said.Farmer sales of soybeans have slowed to a trickle, leaving processors with thin crushing supplies.Offers were flat on the rail market. A broker said that nearby demand was strong.On the export front, a trader said that soymeal sold in combination with other commodities for ...
US soybeans edge higher on exports; corn, wheat weak CHICAGO: Soybean futures firmed on Thursday on signs that export demand for US supplies remained robust despite expectations for bumper harvests in Argentina and Brazil, traders said.Wheat and corn futures were weaker, pressured by ample global supplies, but both commodities remained stuck within recent ranges.Soybeans received an additional boost from technical buying after the benchmark Chicago Board of Trade march contract hit its 10-day moving average, which has been a level of support throughout the ...

 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln