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Gold up 6pc in 2012; rallies late on US fiscal deal  NEW YORK: Gold jumped on the last trading day of 2012 to finish up 6 percent on the year on news of a possible US fiscal deal, which lifted a market that had rallied earlier in the year on low interest rates, euro zone worries and central bank demand for bullion.   Other precious metals finished strongly, with palladium up nearly 10 percent on the year, silver up 9 percent and platinum up 8 percent.   It was the 12th straight year of gains for gold, making it one of the longest bull runs ever in a commodity. Oil, in contrast, has only been up for a fourth year since its rebound from the 2008 financial crisis.   Analysts expect bullion -- which started 2012 at below $1,580 and scaled nearly $1,800 by October after the US Federal Reserve rolled out a fresh economic stimulus -- to chart newer peaks in 2013. The market's all-time high ...

Orange juice sinks 31pc in 2012;2nd weakest commodity  NEW YORK: New York orange juice futures plunged almost a third in value in 2012 as fears about a shortage that sent prices to record highs in January waned with bumper crops and slackening demand.   Falling 31 percent, the OJ market was the second-weakest performer in 2012 among the 19 commodities tracked by the Thomson Reuters-Jefferies CRB index. Arabica coffee was the worst-performing commodity, sinking more than 36 percent.   The last day of trading of the year ...
ICE canola registers 14.4pc yearly gain  WINNIPEG: ICE Canada canola futures registered a yearly gain of 14.4 percent on Monday, mostly due to US drought that drove grains and oilseeds higher.   * Canola dipped on Monday on profit-taking in thin volumes ahead of the New Year's Day holiday.   * Canola also notched quarterly and monthly gains of 0.7 percent and 1.3 percent respectively.   * January canola fell $3.40 to $601.80 on volume of 1,824 contracts.   * March canola lost $6.70 to $589.90 on volume of ...
CBOT soybeans end lower on favorable South America crop weather  CHICAGO: Chicago Board of Trade soybean futures slipped on the last trading day of the year Monday as favorable crop weather in South America fueled expectations for large harvests.   * Front-month January soybeans unofficially closed down 5-1/2 cents at $14.18-1/2 a bushel, while March soybeans were down 9 cents at $14.09 a bushel at the close of trading.   * Improving weather in South America was particularly negative for deferred futures contracts, said Jack Scoville, vice president of ...
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 ...
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, ...

 



 
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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 $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln