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France sees total soft wheat area up 3.4 percent PARIS: France's farm ministry on Tuesday pegged the total soft wheat area sown ahead of the 2015 crop, including winter and spring crops, at 5.2 million hectares, up 3.4 percent on 2014.In its first estimates for the country's spring crop area, it put total barley sowings at 1.8 million hectares, down 0.7 percent on year, of which 464,000 hectares of spring barley, usually used to make malt, down 11.8 percent on last year.In durum, it said the total area would rise 11.7 percent next season to 320,000 hectares. In oilseeds, the French ministry estimated the 2015 total rapeseed area at 1.5 million hectares, down 1.2 percent on 2014.It put the sugar beet area at 400,000 hectares, down 1.6 percent on 2014, based on 51 percent of the total area sown by April 1.Copyright Reuters, 2015 ...

Russian wheat prices fall on stronger rouble, high stocks MOSCOW: Russian wheat prices continued to decline last week because of a stronger rouble, higher stocks in main producing regions and a seasonal increase in supply from farmers who needed cash for the spring sowing, analysts said on Monday. Stocks are high after a near record crop last year, and local prices have also fallen due to the government imposing a wheat export tax to slow down food inflation following the collapse of the rouble ...
EU wheat prices climb on strong export demand LONDON: European wheat prices rose on Thursday, boosted by strong demand for exports and weather concerns in the United States. May milling wheat, the benchmark on Euronext's main No. 2 wheat contract, closed 3.00 euros higher at 193.75 euros a tonne after earlier peaking at 194.00 euros, its highest level since March 24. The EU this week granted export licences for 1.1 million tonnes of soft wheat, the third-biggest weekly volume ever granted in the ...
Gold falls below $1,200 ahead of US payrolls data LONDON: Gold fell below $1,200 an ounce on Thursday, as the impact of a weak dollar was offset by a positive round of U.S. economic data offering hopes the labour market continues to expand even as growth has stalled, ahead of Friday's crucial nonfarm report.Spot gold fell 0.6 percent to $1,196.35 an ounce by 1441 GMT. After a 2.4-percent slide in March, the metal climbed 1.8 percent on Wednesday, the biggest single-day rally since Jan. ...
Raw sugar extends rebound boosted by weaker dollar LONDON: Raw sugar futures extended their rally on Thursday from a more than six-year low set earlier this week, boosted partly by a weak dollar.May raw sugar futures on ICE were up 0.32 cent or 2.6 percent at 12.64 cents a lb by 1419 GMT.Dealers said the market had become technically oversold after sliding to a more than six-year low of 11.91 cents on Tuesday and that a recovery in the value of Brazil's real ...
Russia to decide on extension of wheat export tax from July 1 MOSCOW: Russian Prime Minister Dmitry Medvedev has asked his ministers to submit proposals by mid-April on a possible extension of a wheat export tax from July 1, when the new 2015/16 marketing year is due to start, the government said on Thursday.Russia has imposed a duty on wheat exports since Feb. 1 in an effort to cool domestic food inflation as the rouble tumbled. The measure is set to expire on June 30, but traders ...
Sugar extends gains from oversold positions, cocoa firms LONDON: Raw sugar extended the prior session's gains on Thursday from oversold positions, bolstered by a weaker dollar and an influx of new speculator money into the commodity at the start of the new quarter.Cocoa futures firmed, with dealers focused on the coming West African mid-crops, and arabica futures were little changed.Raw sugar futures rose further after falling to 11.91 cents a lb, the lowest in more than six years, on Tuesday."Sugar was very much ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln