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Zinc retreats from 16-1/2 month high, copper slips LONDON: Zinc retreated from 16-1/2 month highs on Tuesday as investors liquidated long positions after healthy gains and producers sold material at attractive prices.Three month zinc on the London Metal Exchange shed 0.82 percent to $2,198.75 a tonne by 0921 GMT after touching a session high of $2,222, the strongest since Feb. 13, 2013.Zinc, mainly used for galvanising steel, has rallied about 15 percent since late March on views that shortages would develop and support higher prices."I think we're seeing a bit of profit taking and also some producer activity," said analyst Robin Bhar at Societe Generale in London. "Zinc has been the one investors latched onto after the ILZSG numbers came in, but I'm a bit cautious."International Lead and Zinc Study Group (ILZSG) said last month that the global zinc market was in a 107,000 tonne deficit in January to April."This talk of mine supply constraints and shortages, I ...

Gold holds near 3-month high, underpinned by weak dollar LONDON: Gold steadied above $1,325 an ounce on Tuesday as some buyers cashed in gains after the metal's earlier rally to three-month highs, but prices remained supported by dollar weakness and unrest in Ukraine and the Middle East.Prices rose nearly 1 percent on Monday after mixed economic data prompted a drop in the dollar index to seven-week lows, and as geopolitical tensions flared. The metal extended gains in Asian trade to its highest since March ...
Sugar steadies after expiry, cocoa eases, near peak LONDON: ICE raw sugar futures steadied on Tuesday as the market digested a small delivery against expiry of the July contract, signalling weak near-term demand for the sweetener.Cocoa dipped and was close to a near-three year high supported by a strong demand outlook. Arabica coffee was little changed with dealers uncertain over the extent of damage to crops in Brazil from a recent drought.Raw sugar futures held steady, meanwhile, as dealers took stock of a ...
Sugar rises as expiry draws near, cocoa hits peak LONDON: ICE sugar futures rose in light volumes with dealers expecting a small delivery against expiry of the July contract on Monday, while cocoa edged up to a near three-year high, underpinned by a strong demand outlook.ICE arabica coffee futures were little changed, buoyed by uncertainty over the extent of crop losses in top producer Brazil due to a drought earlier this year.The spot July raw sugar contract on ICE rose in spread-related trade ahead ...
Iraq issues new tender to buy minimum 30,000 T rice HAMBURG: Iraq's state grains buyer has issued an international tender to buy at least 30,000 tonnes of rice, European traders said on Monday.The closing date for the tender is July 6 and offers must be valid until July 10.The rice can be sourced from the United States, Uruguay, Argentina, Brazil, Vietnam and Thailand. Vietnamese jasmine rice and Thai white rice will be accepted.Traders said the new tender may indicate Iraq had made no purchase in ...
Turkey seeks wheat, barley in tender: traders PARIS: Turkey's state grain board TMO is holding a tender on Monday to buy 10,000 tonnes of milling wheat and 10,000 tonnes of barley for shipment between July 25 and Aug. 20, European traders said.The origin of the grain was optional and shipment would be to the Turkish port of Bandirma, they said.Copyright Reuters, 2014 ...
Copper slips but eyes second monthly rise on China hopes LONDON: Copper dipped on Monday as investors waited for further signs of U.S. growth, but the metal was on track for its second straight monthly gain on tight supply and hopes of solid demand from China.China purchasing managers' indices (PMIs) for manufacturing and services are expected to confirm on Tuesday that the world's second-largest economy is stabilising thanks to Beijing's measures to shore up growth.Investors are also betting on a rebound in the United States, ...

 



 
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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