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Sugar holds above 7-month low ahead of Brazil harvest update LONDON: ICE raw sugar futures hovered above a 7-month low on Tuesday, ahead of a harvest progress update from top grower Brazil, where sugar output is expected to remain well ahead of the previous season.Cocoa prices traded below a more-than 3-year peak hit earlier this month, while coffee was higher.Brazil's cane industry association Unica will publish its latest harvest progress report, along with an updated forecast for the 2014/15 crop, at 1500 GMT."The Unica report for the crushing activity for first-half August is due out this week and we expect accompanying comments to point to an early end to the crush, even if the numbers themselves will probably show a high output for sugar in the mix," Nick Penney of brokerage Sucden Financial said.Cumulative sugar output since the start of the season in April was up strongly at 15.13 million tonnes on July 31, 9 percent more than a year ...

Gold up as dollar rally pauses; strong US data limits gains LONDON: Gold rose on Tuesday after a pause in the dollar rally prompted a break above $1,280 an ounce that triggered chart-based buying, but gains were expected to be limited as optimism grows on the pace of the U.S. economic recovery.Spot gold hit a session high at $1,290.80 an ounce in early trade as stop orders were triggered on a break of the 200-day moving average just above $1,280. Buy stop orders are automatic orders ...
Copper climbs to three-week high on EU stimulus hopes LONDON: Copper prices rose to three-week highs on Tuesday, as hopes of stimulus measures by the European Central Bank gathered pace following signs of a weakening European economy.The euro zone's flatlining economy took another hit when data on Monday showed German business sentiment sagging for the fourth month running, while a row over the lack of growth led the French government to resign.In stronger language than he has used in the past, European Central Bank ...
Corn prices fall on improving outlook in US and Europe LONDON: Chicago corn futures were lower on Tuesday, weakened by improving crop conditions in the United States and Europe, while soybeans and wheat prices also fell.Chicago Board Of Trade December corn was off 0.5 percent to $3.67-1/4 a bushel at 1041 GMT, after having slid 1 percent in the previous session."U.S. corn production is weighing on prices, and yields in the European Union are also coming up well," said Ole Houe, an analyst at Sydney-based ...
Gold up around 1pc as dollar rally pauses; US data eyed LONDON: Gold jumped 1 percent on Tuesday after a pause in dollar and equity market rallies prompted a break above $1,280 an ounce that triggered chart-based buying, but anticipation of buoyant U.S. data could temper interest.Spot gold hit a session high at $1,290.80 an ounce in early trade as stop orders were triggered on a break of the 200-day moving average just above $1,280. Buy stop orders are automatic orders placed at pre-set levels to ...
Gold near 2-month low on stronger dollar, interest rate expectations LONDON: Gold held close to its lowest in two months on Monday, as the dollar marched higher after central bank heads signalled that interest rates were set on a diverging course in the United States, Europe and Japan.At a gathering of central bankers in Jackson Hole, Wyoming, Federal Reserve Chair Janet Yellen nodded to the concerns of some Fed officials about the sustained level of monetary policy stimulus, even as she stressed the need to ...
Romania reaps record cereal crops, eyes bumper sunflower BUCHAREST: Romania's 2014 wheat crop rose to a record 7.4 million tonnes from 7.3 million a year earlier while a rapeseed crop of 1.1 million tonnes marked a 44-year high, the agriculture ministry said on Monday as it gears up for robust maize and sunflower harvests.In the past couple of years, Romania has emerged as a major grains exporter to Egypt, the world's biggest wheat importer, together with Black Sea producers Russia and Ukraine.Agriculture Minister ...

 



 
Index Closing Chg%
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln