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Russia's wheat prices up on record exports MOSCOW: Russian wheat prices rose last week, supported by a record pace of exports which offset pressure from harvesting, analysts said on Monday. Russia, one of the world's largest wheat exporters, supplied a record 4.5 million tonnes of grains, including 4.2 million tonnes of wheat, to foreign countries in August, SovEcon, a Russian agriculture consultancy, said, citing preliminary data. "The price growth is supported by domestic and export demand," SovEcon said in a note. Concerns over a possible escalation of the conflict in Ukraine also supported global and Russian wheat prices and caused Russia's rouble currency to weaken, adding support to the country's wheat exports. The rouble fell to an all-time low against the dollar on Monday, as the West accused Russia of deploying its troops in Ukraine and threatened new sanctions against Russia. Russian prices for milling wheat with 12.5 percent protein content rose $1.5 last week to $247.5 ...

Copper set for biggest monthly drop LONDON: Copper edged higher on Friday as the euro steadied, but prices were still on track for their biggest monthly loss since March on worries that rising tensions in Ukraine could set back global growth and hit metals demand. International news has been dominating metals trade during a summer lull, which has been exacerbated by tougher credit conditions in China as banks have tightened risk controls since a suspected financing fraud in China's Qingdao port ...
Sugar set for monthly fall, cocoa steadies LONDON: Raw sugar futures on ICE eased on Friday pressured by plentiful near-term supplies, while cocoa steadied after rallying to within sight of a fresh three-year peak in month-end dealings.Arabica coffee eased in choppy trade, with the market focused on drought damage to Brazilian crops.Volume was light in the ICE softs markets ahead of Monday's closure for the US Labor Day holiday. Regular trading will resume on Sept. 2, the exchange said. Benchmark ICE October ...
Commodity markets buoyed by mounting Ukraine crisis LONDON: Crude oil and wheat prices were lifted this week by intensifying concerns over the Ukraine crisis, while gold advanced as many investors sought shelter from geopolitical tensions.Many commodities also rose on bright economic growth data in the United States, a top consumer of many raw materials including crude oil.The country's economy expanded at an annual rate of 4.2 percent in the second quarter, up from the prior growth estimate of 4.0 percent, official data ...
German 2014/15 sugar output to rise to 4.39mn tonnes HAMBURG: Germany's refined sugar production in the new 2014/15 season is forecast to rise 0.9 million tonnes on the year to 4.39 million tonnes, Germany's Agriculture ministry said on Friday in its first harvest forecast. The ministry said it was using the estimate given by Germany's sugar industry association WVZ on Aug. 21 as the basis for the forecast. German farmers have planted about 374,400 hectares of sugar beet for harvesting in the new season, ...
Turkey tenders to buy up to 200,000 tonnes milling wheat HAMBURG: Turkey's state grain agency TMO has issued an international tender to purchase and import up to 200,000 tonnes of milling wheat, European traders said on Friday. The new tender follows a series of large import purchases by Turkey and closes on Sept. 16, traders said. Turkey is among countries affected by the Middle East's driest winter in several decades, which reduced crop yields and also threatens to worsen food security in its war-torn neighbour ...
Wheat edges up with Ukraine conflict seen as export threat LONDON: Wheat futures rose on Friday and were on track for the first monthly gain since April, boosted by concerns that conflict in Ukraine may pose a threat to exports from the Black Sea region. Soybeans edged up and corn prices eased slightly with the upside capped by the prospect of bumper crops in the US Midwest where the weather remains near perfect. December wheat on the Chicago Board of Trade rose 0.6 percent to ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln