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London copper eases, nickel up 1 percent on return from holiday SYDNEY: London copper edged lower on Tuesday in thin trading as markets reopened after a long holiday weekend, while dwindling nickel supplies after Indonesia's ban of ore exports pushed that metal to its loftiest in more than a week on the LME. London copper has been underpinned by steady second quarter demand from top consumer China, although it has struggled to find momentum since dropping to its weakest since mid-2010 at $6,321 a tonne on April 19. Still, signs that a US recovery is taking hold are brightening copper's price prospects, said Chief Executive Jonathan Barratt at commodity research firm Barratt's Bulletin in Sydney."The market is still trying to find out the direction for copper - but we continue to see support for prices on the dip," he said."When you look at copper where it is, and the sort of growth we are expecting, then copper certainly is an undervalued ...

Wheat jumps 3pc as hot weather sparks production fears SYDNEY: US wheat futures rose as much as 3 percent on Monday to an 11-month high on fears that recent hot, dry weather will curb production in the United States, the world's largest exporter.Corn edged lower for a third straight session, while soybeans also eased slightly.Chicago Board of Trade July wheat futures rose 2.3 percent to $7.32 a bushel by 0023 GMT, just below the session peak of $7.40-1/2 a bushel, the highest since late ...
Shanghai copper climbs to near two-month top after holiday SYDNEY: Shanghai copper edged up on Monday to near its highest in two months, supported by steady local demand as markets returned from a two-day holiday and tracking gains in London copper prices that climbed on hopes of the US economy gaining speed. Demand for copper in China improved in the past month, boosted by a shortfall of metal in the domestic market and steady second-quarter consumption, typically the peak season for usage.The outlook for ...
Nickel poised for 14pc gains in April on supply threats SYDNEY: London nickel edged up on Wednesday and was set to post a 14 percent gain for April on supply concerns, spanning from ore in Indonesia to sanctions on Russia, although traders said momentum could fade in May. London copper was on track to end higher for the first month in four, underpinned by tight credit conditions in top consumer China and as volumes drop ahead of a string of economic data and a series ...
Copper underpinned on China shortfall; traders eye holidays SYDNEY: London copper steadied on Tuesday but was below a near two-month high, underpinned by tight supply in China, while top performer nickel was held below near 15-month highs on fading momentum ahead of a slew of holidays in Asia this week. Copper prices have clawed back nearly two percent in April, given tight credit conditions in China that have restricted some copper consumers from imports in what is the peak season for demand. "The ...
Corn retreats after biggest one-day gain in 3-weeks SYDNEY: US corn futures edged down on Wednesday as traders banked profits after the grain posted its biggest single-session rise in three weeks in the previous session on concerns over a slow planting pace in the United States.FUNDAMENTALSChicago Board Of Trade July corn fell 0.1 percent to $5.01-1/4 a bushel, having gained 1.7 percent in the previous session, the biggest climb since the end of March.July soybeans rose 0.1 percent to $14.72-3/4 a bushel, having ...
Wheat edges lower, extends two-day losses to 3.5pc SYDNEY: US wheat futures edged down on Tuesday, falling for a second day after its biggest daily slide in over a year in the previous session as sentiment over the outlook for the US crop improved.Corn was little changed despite a slower-than-expected US planting pace, while soybeans edged higher, rebounding from losses of 1 percent.Chicago Board of Trade July wheat futures fell 0.2 percent to $6.74-1/4 a bushel, having closed down 3.4 percent.Front-month wheat futures ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln