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Australian wheat yields under pressure as dry weather seen persisting SYDNEY: Dry weather is likely to persist across eastern Australia for the next three months, the Bureau of Meteorology (BOM) said on Thursday, exacerbating stress on cattle and adding to concerns that wheat yields could suffer in the world's third largest exporter. The chance of below median rainfall between August and October is greater than 60 percent in northern Queensland, southern New South Wales and most of Victoria, the BOM said.The dry outlook threatens wheat production across the Australian east coast, analysts said. "The crops in the northern regions of the east coast need rains and if it stays dry then we could be looking at below trend yields," said Paul Deane, senior agricultural economist, ANZ Bank. "The crops in Victoria and South Australia look in pretty good condition, but it will come down to September rains. You will need the right sort of rain at the right time of ...

London copper hits one week top as China's growth revives SYDNEY: London copper rallied to its highest in more than a week on Thursday after China's factory sector grew at the fastest clip in 18 months in July, shrugging off news that Indonesia may soon resume ore exports that could smooth out kinks in supply. China is the world's biggest copper user, but slowing growth in manufacturing and property has dragged on the demand outlook for the metal while a surplus is expected to seep ...
London zinc, aluminium near peaks as investors buy SYDNEY: London zinc and aluminium were holding near recent highs on Wednesday after a flurry of interest from investors, but given a seasonal slowdown in demand, some wondered just how much further prices could run.Traders took some profits in Shanghai, suggesting downward pressure could drag on global prices later in the session."At the moment, it's pure momentum after the technical signals got sparked - but fundamentally there are questions," said analyst Dominic Schnider of UBS ...
Shanghai copper slides to near 2-week low on speculative selling SYDNEY: Shanghai copper fell to its lowest in nearly two weeks on Tuesday and dragged down London copper, with traders who follow chart-based strategies selling as a month-long rally appeared to sputter. London copper had surged 9 percent from June lows to hit a four-and-a-half month high of $7,212 a tonne on July 8 but has failed to build on the gains, despite generally improving economic sentiment. "We've had a pretty strong run - it's ...
LME copper hovers near 5 month peak, consolidates gains SYDNEY: London copper prices steadied on Wednesday near their highest in almost five months, underpinned by shrinking supply and improving prospects for global growth. Copper prices have rallied more than seven percent since mid June to above the $7,000 a tonne mark, driven by a lack of supply and a cheerier chart picture that has encouraged fund buying. China's moves to loosen monetary policy have also fed copper's rally, which may stretch further after Wednesday's ...
London copper steady, remains below 4-1/2 month peaks SYDNEY: London copper steadied on Tuesday, but remained below four-and-a-half month highs seen last week after a surprise drop in German industrial production tempered demand expectations. The dollar eased and global equity markets fell on Monday after the drop in German industrial output cooled a rally that sent various stock indices to record highs last week. Germany's industrial output fell 1.8 percent on the month in May, its biggest drop in more than two years, ...
Wheat falls, set for quarterly loss of 16pc ahead of USDA report SYDNEY: US wheat futures, set to post its biggest quarterly loss in three-years, fell on Monday as traders squared positions ahead of a US Department of Agriculture report expected to show domestic stocks at a six-year low amid ample global supplies.Corn fell as the front-month contract was poised to finish the quarter down 12 percent, the sixth quarterly slide in the last seven, while soybeans was set to finish the quarter down 2.5 percent despite ...

 



 
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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