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Brazil raises 2014/15 coffee crop estimate to 45.14mn bags SAO PAULO: Brazil, the world's largest exporter of coffee, raised its estimate of the recently harvested 2014/2015 crop after good weather boosted output of the country's robusta crop, the Agriculture Ministry said on Tuesday.The overall coffee crop that ended harvest in past weeks is estimated at 45.14 million 60-kg bags, up from the 44.57 million bags forecast in May, the ministry's crop supply agency Conab said in its third estimate of the crop.The increase in output from May came entirely from the robusta crop that is expected to climb to 13.03 million bags from 12.33 million in May. Robusta output reached 10.81 million bags last season. Robusta, which is more bitter and carries twice the caffeine that milder arabica beans do, is largely consumed in the low-end domestic market or processed into instant coffee.Conab's estimate of the main arabica crop, which suffered its worst drought in several decades, was trimmed ...

China signs agreements to buy 4.8mn tonnes of US soybeans CHICAGO: A Chinese trade delegation signed agreements with U.S. exporters to purchase 4.8 million tonnes of soybeans valued at $2.3 billion following a weeklong industry tour, the U.S. Soybean Export Council said on Tuesday.The 21 purchase agreements were signed late Monday during a global trade conference sponsored by the council in Milwaukee, Wisconsin.These routine buying missions occur yearly, reflecting China's huge demand for oilseeds and grains globally, traders said.China, the world's largest soybean buyer, purchased ...
US soy, corn futures rise; wheat dips on supply glut CHICAGO: US soybean futures firmed on Monday on a bargain-buying rebound after hitting their lowest in more than four years, but gains were kept in check by expectations of a record US harvest this fall, traders said.Corn futures also were higher, with short-covering and technical buying featured as prices hovered near contract lows. Wheat slipped, with plentiful global supplies and low demand for US offerings on the export market sending prices to the lowest since ...
ICE cotton pares losses after USDA cuts US output outlook NEW YORK: Cotton futures pared losses on Thursday after the U.S. government cut its 2014/15 U.S. crop forecast in its monthly supply-demand forecast by more than many anticipated.The most-active December cotton contract on ICE Futures U.S. was down 0.12 cent, or 0.2 percent, at 67.02 cents a lb by 12:12 p.m. EDT (1612 GMT) in choppy trade following the report.The U.S. Agriculture Department (USDA) projected domestic output at 16.5 million 480-lb bales during the 2014/15 ...
Soy rises from contract low hit ahead of US crop report CHICAGO: New-crop US soybean futures hit a new contract low on Wednesday and corn matched its contract low ahead of the release of US crop reports that are expected to show a rise in the government's harvest projections.Wheat also notched a contract low, weighed down by plentiful global supplies.Prices for corn and soybeans rose from their lows as traders bought back previously sold positions before the US Department of Agriculture issues monthly supply/demand and production ...
Soy rises from contract low hit ahead of US crop report CHICAGO: New-crop US soybean futures hit a new contract low on Wednesday and corn matched its contract low ahead of the release of US crop reports that are expected to show a rise in the government's harvest projections.Wheat also notched a contract low, weighed down by plentiful global supplies.Prices for corn and soybeans rose from their lows as traders bought back previously sold positions before the US Department of Agriculture issues monthly supply/demand and production ...
Argentina 2014/15 corn planting area seen shrinking 16pc BUENOS AIRES: Argentina's farmers will reduce the country's corn planting area for the 2014/15 season by 16 percent compared with the previous season as high inflation fuels production costs, the Rosario grains exchange said on Tuesday. The Rosario exchange estimated farmers in the world's No. 3 supplier of corn would sow 3.7 million hectares (9.1 million acres) of corn, down 700,000 from the 2013/14 season. The exchange also confirmed its estimate for Argentina's 2014/15 wheat ...

 



 
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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
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WeeklyOctober 23, 2014
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