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Wheat stays firm to head for 6pc weekly gain PARIS/SINGAPORE: Chicago wheat extended gains on Friday to head for a 6 percent rise over the week as adverse growing weather in the United States and took attention away from tepid exports.Soybeans eased as the market remained under pressure from rising Brazilian supplies and falling US exports. Corn was little changed.Chicago Board of Trade wheat was trading 0.9 percent higher at $5.11-3/4 a bushel at 1159 GMT, after earlier touching a 1-1/2 week high of $5.13-1/2 for the second session in a row.Over the week, the contract was up 6 percent, marking its biggest weekly gain since mid-November. Dry conditions have added to concerns about the health of some US wheat crops as they emerge from dormancy following a severe winter. "US hard red winter crops need precipitation but there's really not that much on the horizon," said Tobin Gorey, an agricultural commodities strategist at Commonwealth Bank of Australia. The ...

Robusta coffee edges up from 13-month low, sugar hits 6-year low LONDON: Robusta coffee futures on ICE recovered from a 13-month low on Friday, while arabica coffee steadied near last week's 13-month low, pressured by rainfall in Brazil.Raw sugar futures fell 2 percent to a new six-year low, weighed by a weak Brazilian real currency. Cocoa steadied, underpinned by concerns over output in Ghana, the second biggest grower. Robusta coffee futures dipped to $1,754 per tonne, basis second month, before recovering some ground to trade up ...
Gold firms after longest losing streak since 1973 LONDON: Gold firmed on Friday after nine straight sessions of losses, its worst losing streak in more than 40 years, as equities fell and the dollar nursed losses following its extended rally.Spot gold rose 0.4 percent to $1,157.90 an ounce by 1301 GMT. Gold's losing run up to Thursday was the worst since August 1973, when prices fell 10 days in a row. US gold for April delivery rose $5.50 an ounce to $1,157.30. The ...
Copper slips from 10-day high, Chinese lending limits losses LONDON: Copper slipped from 10-day highs on Wednesday as the dollar regained its poise, though losses were limited by falls in mine output this year and as traders bet that easier lending could improve demand from top consumer China. The dollar rose against the euro, heading back towards this week's 12-year highs on the back of the European Central Bank's bond-buying and the US Federal Reserve's expected rate increase. A strong dollar makes dollar-priced metals ...
Europe coffee: Low producer selling, weak euro cuts trade HAMBURG: Low producer selling as coffee futures plunged, coupled with a weaker euro making imports more expensive, cut trade in Europe's cash coffee market this week, traders said on Friday. "Producers in Brazil, Vietnam and other major exporters are not willing to sell as futures fell and producers raised their price differentials this week," one European trader said. "But the euro's collapse in value still made purchases more expensive in real terms for most European ...
Russia's Polyus Gold says may boost output by 2020 MOSCOW: Russia's biggest gold producer Polyus Gold may boost output by 2020, Vladimir Polin, the company's managing director told a media conference call on Friday, clarifying the company's earlier statement on assets review.Earlier, Polyus said it had found the potential to deliver up to 500,000 troy ounces of additional annual gold production in the mid-term.This means that the company may do it by 2020, Polin said.Copyright Reuters, 2015 ...
Copper hits 10-day high; set for weekly gains on China demand prospects MELBOURNE: London copper struck its highest in 10 days on Friday, poised for a weekly rise, as traders bet on improving demand from China and a potential fall in mine output later in the year.Falling oil prices are feeding through to boost global economic growth, evident in rising inflation in Asia in particular, said Jonathan Barratt, chief investment officer at Sydney's Ayer's Alliance."Plus, seasonally (in China) we're seeing consumption ... If the States are showing ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln