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Cuban sugar harvest revs up HAVANA: The Cuban sugar industry should realize plans to produce just over 1.7 million tonnes of raw sugar this season, with industrial yields and cane availability above expectations so far, the official business weekly Opciones reported this week.   Leobel Perez Hernandez, spokesperson for AZCUBA, the state-run holding company, said 46 of 50 mills were grinding and the rest would open this month.   Perez said output would be 21 percent above the previous season's 1.4 million tonnes of raw sugar when the last mill closes in May.   "Milling is stable, with some very positive indicators. To date we have twice the sugar that we produced by this time last year," he said.   Perez said that, despite the progress and industrial yields averaging .30 percent above plan, production to date was 7.8 percent behind schedule because some mills opened late and were operating, on average, at 92.2 percent of planned capacity.   The AZCUBA spokesman said that, with ...

Sugar pierces 2-week high as shorts run for cover NEW YORK/LONDON: Raw sugar futures on ICE rose to 19 cents for the first time in two weeks on Friday on short-covering and improving sentiment, although prices pared gains after hitting technical resistance.   Coffee futures also gained while cocoa settled unchanged as improving supply prospects and anticipated origin selling kept prices in check.   Pulling away from last week's more than two-year low, sweetener prices rose as high as 19.02 cents in early trade as speculative shorts ran ...
CBOT wheat pares gains, dips on technical selling CHICAGO: Wheat futures on the Chicago Board of Trade pared early gains and briefly turned lower on Friday on technical selling including profit-taking, traders said.   As of 11:40 a.m. CST (1740 GMT), CBOT March wheat was down 1 cent at $7.78-1/2 per bushel. The contract rose to an intraday high of $7.90 but retreated after it failed to surpass Thursday's peak of $7.91.     Copyright Reuters, 2013 ...
Gold up after US payrolls data, set for weekly gain NEW YORK: Gold rose in line with equities and commodities on Friday, set for a weekly gain, after US nonfarm payrolls data showed modest job growth in January.   Bullion prices climbed after the Labor Department also said US job gains in the prior two months were bigger than initially reported, supporting views the economy's sluggish recovery was on track despite a surprise contraction in output in the final three months of 2012.   Other data showing improved US ...
ICE raw sugar futures open interest climbs to three years high NEW YORK: Total open interest in raw sugar futures on ICE Futures US soared to the highest level in three years on Jan. 31, exchange data showed on Friday.   Sugar open interest rose to 835,283 contracts on Thursday, up 1 percent from the previous session and the highest level since Feb. 12, 2010.   Copyright Reuters, 2013 ...
US Cash Soymeal-Offers ease after farmers sell soybeans CHICAGO: Cash basis offers for soymeal were steady to weaker in the US Midwest interior on Thursday following a pick-up in farmer sales of soybeans in the last day, dealers said.   * Farmers sold old-crop as well as new-crop soybeans after CBOT front-month futures hit a six-week high and spot cash prices reached $15 in some areas. Producers were offering new-crop soybeans at around $13.   * As a result of the flush of soybean offerings from the ...
Malaysian palm oil futures jump 3pc on exports, South American weather   SINGAPORE: Malaysian palm oil futures jumped 3 percent to a more-than-three-month high on Thursday, supported by better-than-expected export data and dry weather concerns in key soy producing areas in Argentina.   Dry weather is starting to threaten soybean yields in parts of Argentina's main crop belt, possibly lowering soybean oil output and turning buyers to cheaper palm oil, priced at a discount of more than $300.   Traders were also cheered by a reduced fall in Malaysia's January palm ...


Index Closing Chg%
Arrow DJIA 17,409.00 1.31
Arrow Nasdaq 4,683.41 0.98
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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln