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ICE sugar hits 3-week high, cocoa falls to new low  NEW YORK/LONDON: Raw sugar futures on ICE hit a three-week high on Friday, extending a rebound above the 50-day moving average and then paring gains. Cocoa also dipped, touching the lowest level in months, while arabica coffee remained on track for its biggest yearly decline since 2000.   Overall volume in the softs complex remained thin with many dealers away from their desks between the Christmas Day holiday on Tuesday and the upcoming New Year holiday on Jan. 1.   Raw sugar futures have been rebounding from a drop earlier this month to the lowest levels in more than two years. Cocoa has dropped every day for more than a week after a fall below the 200-day moving averages in mid-December triggered technical sell signals. Arabica coffee is on track for the weakest annual performance of the 19 commodities on the Thomson Reuters-Jefferies CRB index.   March raw sugar futures on ICE were up 0.01 cent, ...

CHICAGO: Weak demand and limited trading kept spot basis offers for soymeal mostly flat across the central United States on Friday, dealers said.   * The soymeal basis eased $1 per ton for truck loadings near Council Bluffs, Iowa, while offers were steady at other truck, rail and export points in holiday-thinned trading, dealers said.   * Many end users have suspended buying following Tuesday's Christmas holiday and ahead of the end of the year.   * A dealer in Nashville, ...
Rains aid soy crops in Argentina as sowing picks up  BUENOS AIRES: Argentina's soy crop is mostly in good or excellent condition in the central Pampas farm belt despite some persistent flooding that has delayed plantings, the Agriculture Ministry said in its weekly report on Friday.   Argentina is the world's No. 3 exporter of soybeans and its top supplier of byproducts such as soyoil and soymeal.   In Pehuajo, which lies in the eastern part of top grains province Buenos Aires, "crop conditions are excellent," the report said, ...
Brazil coffee zones chalk up another drier month  BRASILIA: Coffee-growing regions in top producer Brazil notched another month of drier-than-average weather in December, causing minor losses of coffee fruit in some regions, private forecaster Somar said on Friday.   Somar agrometeorologist Marco Antonio dos Santos said heat and drier weather had taken a toll on trees and would cut the potential output of the crop, though prospects still look bright according to recent agronomist and exporter comments.   Rains are expected to improve significantly in the next ...
CBOT wheat extends gains after weekly US export sales data CHICAGO: Wheat futures on the Chicago Board of Trade extended gains on Friday after the US Department of Agriculture reported better-than-expected export sales in the latest week.   USDA reported weekly sales of US wheat at 1.009 million tonnes, well above trade estimates for 500,000 to 700,000 tonnes.   As of 8:06 a.m. CST (1406 GMT), CBOT March wheat was up 8-3/4 cents at $7.81 per bushel, after reaching $7.83. The contract was rebounding off a six-month low set ...
ICE mulls change to cotton registration process  NEW YORK: IntercontinentalExchange Inc has delayed listing its December 2015 cotton contract for trading while it considers changing its process for registering the fiber for delivery against the exchange, it said in a notice on Wednesday.   The changes being considered will not affect the qualities of cotton tenderable, but rather the certification procedures for registering cotton as deliverable, Tim Barry, vice president of ICE product development, said in the notice.   But the exchange decided to postpone the ...
CBOT corn drops 1.6 percent in thin trading  CHICAGO: US corn futures fell 1.6 percent on Wednesday, pressured by weakness in the wheat market, traders said.   * Volumes were light, with only about 74,000 contracts changing hands as the market reopened following a day off for Christmas. Typically, volume tops 300,000 contracts.   * The US Agriculture Department said on Wednesday morning that export inspections of corn were 13.475 million bushels, near the high end of forecasts for 9 million to 14 million bug down from ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln