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Raw sugar falls, arabicas edge up, near one-year low LONDON: Raw sugar futures fell on Thursday, under pressure from weak oil prices, a soft Brazilian real currency and the possibility of Indian raw sugar export incentives, while arabica coffee edged up but remained near a one-year low.Cocoa dipped on chart-based selling in light volumes.ICE raw sugar futures eased, weighed down by the fall in oil prices after another big weekly build in U.S. crude inventories.Cheap oil erodes the competitiveness of sugar cane-based ethanol biofuel.Dealers also highlighted the possibility that India could launch raw sugar export incentives to aid cash-starved mills."The Indian mills have large stocks, they have a lot of debt, and they need the cash," one London-based broker said.Dealers said the return of Brazilian producers to the market after Carnival, boosted producer selling pressure.A weak real boosts the local currency returns to Brazilian millers from dollar-denominated sugar sales."The real/dollar has been stable at around 2.83 since Carnival but ...

EU clears 896,0000 tonnes wheat exports this week PARIS: The European Union this week granted export licences for 896,000 tonnes of soft wheat, taking the total since the beginning of the 2014/15 (July-June) season to 19.9 million tonnes, official data showed on Thursday.The total so far this season compared with 19.3 million tonnes of export licences cleared by the same stage in 2013/14.The EU also granted this week licences to export 376,000 tonnes of barley, bringing the total this season to 5.9 million ...
Nickel slumps to year low, others weighed down by oil's slide LONDON: Nickel prices slid to their lowest level in over a year on Thursday as supply remained robust despite an Indonesian ban on ore exports, while a drop in oil weighed on some other base metals.Many analysts and investors have been waiting for shortages to kick in after Indonesia imposed its ban last year, but higher-than-expected supply from the Philippines has helped fill the gap.Three-month nickel prices on the London Metal Exchange dropped to a ...
Gold retreats as dollar rebounds, Greek debt proposal eyed LONDON: Gold edged lower on Thursday as the dollar rebounded versus the euro and investors assessed the latest standoff over Greece's bailout.Spot gold, stronger initially, fell 0.3 percent to $1,209.05 an ounce by 1532 GMT, erasing gains made after minutes from the U.S. Federal Reserve showed it was still hesitant about raising interest rates.U.S. gold futures for April delivery gained $9.50 an ounce to $1,209.80.Spot prices had fallen to a six-week low of $1,197.56 on ...
Iraq delays decision in 50,000 T hard wheat tender: trade HAMBURG: Iraq's state grains board has delayed a decision on whether to buy at least 50,000 tonnes of hard wheat in an international tender until Sunday, Feb. 22, European traders said on Thursday.The tender closed on Sunday and offers originally had to remain valid up to Thursday, Feb. 19, traders said.No purchase had yet been made, they said. Australian wheat was offered lowest in the tender at $279.70 a tonne c&f free out (ciffo).The tender ...
Raw sugar slides as India OKs export subsidies LONDON: Raw sugar futures slid around 3 percent on Thursday as India approved export subsidies for the commodity, while arabica coffee hit a one-year low on forecasts for rainfall in top grower Brazil.Cocoa steadied in light, technically driven dealings.ICE raw sugar futures fell as India gave the green light to incentives for exports of 1.4 million tonnes of raw sugar, potentially adding substantial supplies to the world market.A sharp slide in oil prices also weighed ...
London copper prices drift on Lunar New Year lull MELBOURNE: London copper edged lower on Thursday, paring gains from a short-covering burst the session before, with trade subdued as many Asian nations celebrate Lunar New Year.Copper prices hit five-year lows in January as inventories held by exchanges shot higher and industrial activity was constrained by slack seasonal demand and China's slowing economic growth. A recovery in recent weeks has failed to gain much traction. "You've had stocks rising, merchant premium pretty weak - the ...

 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln