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EU clears 571,000 tonnes wheat exports this week PARIS: The European Union this week granted export licences for 571,000 tonnes of soft wheat, taking the total since the beginning of the 2013/2014 (July-June) season to 21.3 million tonnes, official data showed on Thursday.The total so far this season was 50 percent higher than the 14.2 million tonnes of export licences cleared by the same stage in 2012/2013.The EU also granted this week licences to import 371,000 tonnes of maize, bringing the total this season to 9.3 million tonnes, up 13 percent compared with the 8.2 million tonnes awarded by the same point last season, the data showed.Copyright Reuters, 2014 ...

Gold prices climb as tensions over Ukraine intensify LONDON: Gold recovered from early losses to edge higher on Monday as support from the standoff in Ukraine offset pressure from last week's strong US payrolls data and weakness in other commodities after a sharp drop in Chinese exports. Russian foreign Minister Sergei Lavrov told President Vladimir Putin on Monday Russia's position on Ukraine was at odds with the West, and that US Secretary of State John Kerry had declined an invitation to visit Russia ...
Coffee hovers near 2-year high LONDON: Arabica coffee futures on ICE steadied below a two-year high on Friday, pausing after a searing rally in recent weeks triggered by unseasonably dry weather in January and February in top grower Brazil. Prices have almost doubled since the end of last year as prospects for the first global coffee deficit in five years became increasingly plausible as analysts cut their Brazil crop forecasts. May arabica futures were 1.15 cents or 0.6 percent higher ...
LME copper falls below $6,910/T, lowest since August 2013 LONDON: Copper fell below $6,910 per tonne on Friday, its lowest level since August last year on concerns about slower economic growth in top consumer China as well as technical-based selling. Benchmark three-month copper fell to $6,905 per tonne, its lowest level since August 2013. It was $6,907.50 at 1215 GMT, from a close of $7,055 on Thursday. Copyright Reuters, 2014 ...
Coffee slips from 2-year high, sugar LONDON: Arabica coffee futures on ICE eased off a two-year high on Thursday, with uncertainty over the extent of damage to top grower Brazil's crop from dry weather keeping market participants on edge. Unseasonably dry weather in January and February has propelled arabica coffee prices around 76 percent higher since the start of the year. ICE second-month arabica futures slipped 3.5 cents or 1.7 percent to $1.99 per lb as of 1317 GMT. "The question ...
Gold edges lower, focus shifts from Ukraine to US data LONDON: Gold inched lower on Thursday as diplomatic efforts to cool the Ukraine crisis depressed demand for assets seen as safe, but the metal found support above $1,330 an ounce from weak US economic data and ahead of a key employment report. The US nonfarm payroll figures on Friday should help gauge the strength of the labour market in the world's top economy and the implications for the pace of the Federal Reserve's stimulus reduction. ...
Copper drops on concern about China; nickel extends gains LONDON: Copper and other base metals slipped on Thursday on investor concern over future demand in top metals consumer China after more details emerged about reform plans. Nickel, however, bucked the trend and extended gains after hitting nine-month highs on Wednesday on worries about Indonesia's ore export ban. Metals rallied on Wednesday after China said it aimed to expand the economy by 7.5 percent, but its finance minister said on Thursday that it was all ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln