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Cocoa falls after weaker than expected grind, sugar firms LONDON: Cocoa futures slipped on Thursday, weighed by weaker than expected European cocoa grind data, while sugar firmed, supported by a weaker dollar and strengthening cash demand.Arabica coffee futures rose, underpinned by worries over weather in top grower Brazil.Europe's fourth-quarter cocoa grind fell 7.4 percent from the same period last year to 323,061 tonnes, the Brussels-based European Cocoa Association said.Germany's fourth-quarter 2014 cocoa grind fell 14.08 percent on the year to 86,800 tonnes, the association of German confectionery producers BDSI said."The poor grind in Europe was a little bit weaker than expected," a London-based cocoa futures broker said."If the North American data due later today comes in below expectations of flat to plus 2 percent, this would create a poor perception of demand."London May cocoa traded down 13 pounds, or 0.6 percent, at 2,006 pounds per tonne at 1222 GMT. New York March cocoa was down $8, or 0.3 percent, ...

LONDON: Gold rose more than two percent to a 4-month high on Thursday after a shock move by Switzerland to abandon its three-year cap on the franc sent global shares and bond yields into turmoil.Spot gold rose as much as 2.4 percent to its highest level since Sept. 8 at $1,260.30 an ounce in earlier trade and was up 2.3 percent at $1,257.46 an ounce by 1443 GMT.U.S. gold futures for delivery in February rose ...
Copper retraces some of slide, consumers pile in to hedge LONDON: Copper rose on Thursday on a mix of bargain-hunting, short covering and hedging by consumers, a day after its biggest slide in more than three years, but more losses were expected.Three-month copper on the London Metal Exchange climbed by 1.6 percent to $5,640.25 a tonne by 0912 GMT, after careening down 5.3 percent on Wednesday.The price tumbled more than 8 percent at one point in the previous session to $5,353.25 a tonne, which was ...
Gold jumps to 4-month high on tumbling shares after SNB move LONDON: Gold rose more than two percent to a 4-month high on Thursday as European shares and the dollar turned lower after a shock move by Switzerland to abandon its three-year cap on the franc sent Europe's shares and bond yields tumbling.Spot gold rose as much as 2.4 percent to its highest level since Sept. at $1,260.30 an ounce in earlier trade and was up 2.2 percent at $1,256.61 an ounce by 1125 GMT.U.S. gold ...
Hungary's Nov farm PPI falls 6.8pc BUDAPEST: Hungarian agricultural producer prices fell by 6.8 percent year-on-year in November after a 5.7 percent decline in October, the Central Statistics Office (KSH) said on Thursday.In January-November, agricultural producer prices were 5.9 percent lower than in the same period of last year.Crop prices including fruits and vegetables were 8.3 percent lower from a year ago after a 6.1 percent annual fall in October. Livestock and related product prices fell by 4.5 percent after a ...
Copper hits lowest in 5-1/2 years on oil rout, economy prospects LONDON: Copper slid to a new 5-1/2 year low on Wednesday, after a downward revision to global growth by the World Bank and big falls in oil prices amplified recent fears about the outlook for the economy and demand, triggering a wave of stop-loss selling. Benchmark LME copper plunged more than 8 percent at one point as traders slashed positions to limit losses, while Shanghai copper prices hit their "limit down" after falling 5 percent. ...
Gold rallies as investors seek haven from slumping markets LONDON: Gold rallied to a 12-week high on Wednesday as sharp falls in stock markets and other commodities prompted investors to buy the metal as a haven from risk, and as soft US data weighed on the dollar. Financial markets fell sharply after the World Bank cut its growth forecasts for 2015 and 2016, fuelling fears that the benefits of cheaper oil may be offset by anaemic growth and the threat of deflation. The dollar ...

 



 
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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%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln