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Arabica coffee drops 2pc to one-year low, cocoa turns upward NEW YORK/LONDON: Arabica coffee futures on ICE extended losses to a one-year low on Thursday, pressured by chart-based selling and the sharply firmer U.S. dollar, while cocoa turned higher in options-related dealings.Raw sugar futures bounced up from the prior session's low - the lowest level since May 2010 - returning nearly 14 cents, while the spot contract's premium widened slightly ahead of its expiry on Friday."There has been a lot of speculative selling in arabicas in February," said Carlos Mera, a commodities analyst with Rabobank.The weak Brazilian real, the top sugar and coffee grower's currency, also continued to add pressure as it boosted selling by producers there, traders said.May arabica coffee futures slid 2.90 cents, or 2 percent, to settle at $1.4055 per lb, having touched $1.4030, the lowest since February 2014.May robusta coffee eased $17, or 0.9 percent, to end at $1,869 a tonne, after tapping $1,962 the lowest ...

US soy rises on Brazil strike concerns, wheat eases LONDON: Chicago soybean futures edged up on Thursday as Brazilian authorities failed to reach an agreement to end a truckers' strike that threatens to disrupt exports.Corn prices were also slightly higher but wheat futures eased, weighed down partly by an improving crop outlook in the United States. Chicago Board of Trade May soybeans rose 0.4 percent to $10.15 a bushel by 1215 GMT."The truckers' strike was one of the main factors last night, but there ...
CBOT wheat sags below $5 on big world stocks, export competition CHICAGO: Chicago Board of Trade wheat futures fell Wednesday and closed below psychological support at the $5-a-bushel mark for the first time in three weeks, pressured by ample world supplies and strong competition for export business.K.C. hard red winter wheat futures set contract lows, with the spot month hitting its lowest on a continuous basis since July 2010. MGEX spring wheat followed the weak trend, with back months setting contract lows.The dollar softened a bit ...
CBOT soybeans close lower; soymeal sheds 1.6pc CHICAGO: US soybean futures fell on Wednesday, weighed by weak cash markets as well as a profit-taking setback after rallying to its highest in more than six weeks on Tuesday. Traders also said that hopes of a settlement to the truckers' strike in Brazil pressured the market during the last hour of trading as the government met with truckers.Weakness in the soymeal market, which dropped 1.6 percent on expectations that export demand for US soymeal ...
US soybeans slide on easing concerns about Brazil truck strike CHICAGO: Chicago Board of Trade soybeans retreated on Wednesday from a six-week high earlier this week, on prospects for an imminent end to the Brazilian truck drivers' strike which had threatened exports just as the country's massive soybean crop was entering world markets.CBOT wheat also fell as US wheat remains too pricey in world markets and continues to miss out on big tenders. The exception was Egypt buying 290,000 tonnes of US wheat on Tuesday, ...
US soybeans fall as Brazil truckers and government meet CHICAGO: Chicago Board of Trade soybeans retreated on Wednesday from a six-week high on prospects for a Brazilian truck drivers' strike to end soon, a situation that has threatened exports just as the country's massive soybean crop is entering world markets.CBOT wheat fell as U.S. wheat remained too pricey in world markets and continued to miss out on big tenders. The exception was Egypt buying 290,000 tonnes of U.S. wheat on Tuesday, but the purchase ...
Raw sugar drops to 2010 low, cocoa snaps 15-day winning streak NEW YORK/LONDON: Raw sugar futures on ICE fell below 14 cents a pound to a 2010 low on Wednesday on investor selling and plentiful supplies, while New York cocoa broke a 15-day streak of gains, reversing sharply off a four-month high as investor buying dried up.Arabica coffee fell to a one-year low on chart-based selling and as weakness in the real currency attracted selling in Brazil, the world's biggest grower.ICE May raw sugar futures settled ...

 



 
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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
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WeeklyFebruary 26, 2015
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