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Iraq buys 100,000 tonnes hard wheat from Russia and Canada HAMBURG: Iraq's state grains board has purchased 100,000 tonnes of hard wheat to be sourced from Russia and Canada in a tender for at least 50,000 tonnes which closed this week, European traders said on Friday. Some 50,000 tonnes of Russian wheat was purchased at $308.58 a tonne c&f free out (ciffo) and 50,000 tonnes of Canadian wheat at $324.59 a tonne ciffo, they said. The tender had sought hard wheat from the United States, Canada, Australia, Ukraine or Russia and closed on Monday with offers remaining valid up to Friday, traders said. It was not clear whether more wheat could be purchased in the tender, traders said. Shipment was sought between Sept. 1-30 with delivery Oct.1 to Nov. 14. Copyright Reuters, 2014 ...

Copper faces biggest weekly drop since June LONDON: Copper remained weak on Friday as prices sank to a fortnightly low, depressed by concerns about the Chinese property sector and news of increased production. Three-month copper had fallen by 0.4 percent to $7,035 a tonne by 1027 GMT, after touching a session low of $7,005.25, its weakest since July 2. Copper has dropped more than 1.5 percent this week, heading for its biggest weekly loss in six. An expected surplus in the second ...
Cocoa futures edge up on Asia, North America grind data LONDON: Cocoa futures were higher on Friday, supported by a rise in both the second quarter Asian and North American grinds, while coffee and sugar prices also edged up. Dealers said the positive grind data helped to boost sentiment following a marginal 0.7 percent decline in the larger European grind which was issued last week. "I suppose psychologically it offsets the (lower) European grind a little bit although the tonnages are smaller. It is very ...
Gold edges above $1,300/oz as price drop draws buyers LONDON: Gold rose on Thursday, extending the previous day's recovery from four-week lows as investors took advantage of lower prices to buy, though expectations that U.S. monetary policy is set to tighten limited gains.A tough new round of U.S. sanctions on Russia, which weighed on stocks with exposure to the country, helped send palladium to 13-1/2-year highs. The metal is chiefly sourced from Russia.Spot gold was up 0.3 percent at $1,302.80 an ounce, while U.S. ...
Arabica coffee steady near 5-month low, sugar eyes expiry LONDON: Arabica coffee futures consolidated on Wednesday after dropping to a five-month low in the prior session, while sugar steadied, with dealers expecting a moderate delivery against expiry of a white sugar contract.Cocoa futures were little changed, as the trade awaited North American grind data due on Thursday, with estimates ranging from flat to up 3 percent.Arabica coffee futures inched up in a technical correction to Tuesday's losses.Benchmark September arabica futures on ICE traded up ...
Aluminium hits 13-month high after China data lifts outlook LONDON: Aluminium touched the highest levels in 13 months on Wednesday after data showed stronger economic growth in top metals consumer China amid producer cutbacks and eroding inventories.Benchmark three month aluminium on the London Metal Exchange rose 1.0 percent to $1,980 a tonne by 0951 GMT, the strongest since June 5, 2013.Several analysts expect a deficit in aluminium this year due to output cutbacks by producers and robust demand after many years of oversupply."There has ...
Copper steadies with China growth in focus LONDON: Copper prices steadied on Tuesday, boosted by optimism about demand for industrial metals from top consumer China and shrinking supplies, but further gains were capped by selling pressure as traders cashed-in on recent gains.Benchmark London Metal Exchange (LME) copper traded at $7,119.75 a tonne at 0943 GMT, bouncing off two-week lows of $7,078.25 hit earlier in the session.Investors will focus on gross domestic product data from top consumer China, due on Wednesday, with analysts ...


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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
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WeeklyJuly 10, 2014
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