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Copper up on China growth pledge, Qingdao probe impact fades LONDON: Copper rose on Monday from last week's one month low as investors took heart from China's efforts to stem any growth slowdown.China is confident it will hit its growth target of 7.5 percent this year, Chinese Premier Li Keqiang said on Monday, adding the government was ready to adjust policy to make sure it does.The economy in China showed some signs of stabilising in May as the government unveiled more stimulus measures, but signs of further deterioration in the property market indicate more policy support may still be needed.China consumes some 40 percent of the world's copper,"This year copper has dramatically underperformed the metals sector and rightly so in my view but perhaps people are thinking its gone far enough (for now)," said BNP Paribas strategist Stephen Briggs.Three-month copper on the London Metal Exchange climbed 0.61 percent to $6,693 a tonne by 1042 GMT, extending small gains from the ...

Wheat rises on bargain buying, soy up on tight old-crop supply PARIS/SINGAPORE: Chicago wheat rose more than 1 percent on Monday in a second day of gain on bargain buying after falling for the last five weeks, while soybeans recovered from last week's 2-1/2-month low, underpinned by tight old-crop supplies in the United States.Corn was also higher but still capped by crop-friendly weather in the US Midwest grain belt that bolstered expectations for a large autumn harvest.Chicago Board of Trade front-month wheat rose 1.45 percent to ...
ICE sugar rises, buoyed by cash demand, arabicas firm LONDON: ICE raw sugar futures rose on Monday, bolstered by the perception that cash demand is picking up, while arabica coffee firmed in choppy chart-based dealings as uncertainty over drought damage to Brazilian crops continued.ICE cocoa futures eased in light trade, hovering close to last week's near three-year high supported by a strong demand outlook.The ICE July raw sugar contract rose 0.12 cent, or 0.7 percent, to trade at 17.16 cents a lb at 1106 ...
Taiwan tenders to buy 96,180 T wheat of US-origin HAMBURG: The Taiwan Flour Millers' Association has issued a tender to purchase 96,180 tonnes of milling wheat to be sourced from the United States, European traders said on Monday. Tender deadline is Friday, June 20. Shipment was sought in two consignments between Aug. 5-19 and Aug. 22 to Sept. 5, traders said. In its last reported tender on May 13, the Taiwanese association purchased 110,450 tonnes of milling wheat to be sourced from the United ...
Copper steadies after losses, on track for third week of falls LONDON: Copper recovered on Friday, as buying picked up a day after prices hit their lowest in 1-1/2 months, but the metal was still headed for its third straight week of falls due to concerns over demand and a probe into metals financing in China. Three-month LME copper traded at $6,642 a tonne in official rings, up 0.3 percent. It fell to its lowest since May 1 in the previous session. The metal, used in ...
Wheat stuck near 3-1/2 month low, Egypt tender watched PARIS/SINGAPORE: Chicago wheat was little changed on Thursday near a 3-1/2 month low as the market tried to find a floor in the face of ample global supplies and signs of stiff export competition from the Black Sea region.US corn hovered just above a near four-month low as it also remained curbed by a US Department of Agriculture outlook for higher global supply.Chicago Board of Trade front-month wheat was up 0.4 percent to $5.91-3/4 a ...
ICE sugar hits 7-week low, cocoa touches 33-month peak LONDON: ICE raw sugar futures slipped to a seven-week low on Thursday, under pressure from a large surplus, while cocoa eased in choppy trade having touched a 33-month peak as a strong consumption outlook lent support.ICE arabica coffee futures edged lower in a technical correction to Wednesday's rally, fuelled by concerns that a drought earlier this year would hurt Brazilian output.Most-active raw sugar for July on ICE was down 0.01 cents or 0.1 percent at ...

 



 
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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