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Russian wheat crop outlook bright, pressures prices MOSCOW: Russian export prices for wheat fell for the third week in a row due to a strong crop outlook, analysts said on Monday.Russia, one of the world's key wheat exporters via the Black Sea, is likely to harvest 57.5 million tonnes of wheat in 2014, IKAR, a leading agriculture consultancy, said in a note."The forecast was upgraded (from a previously expected 56.3 million tonnes) thanks to higher yields in several regions," Dmitry Rylko, the head of IKAR, added.Russian prices for new wheat crop with 12.5 percent protein content were down $2 to $242 per tonne at the end of last week, IKAR said.The quote was on a free-on-board (FOB) basis in the Black Sea compared with a week earlier. FOB prices for the same protein levels in the Azov Sea were flat at $217 per tonne.Russia harvested 33.2 million tonnes of wheat from 36 percent of the area with ...

Turkey buys 165,000 tonnes wheat, 65,000 tonnes barley HAMBURG: Turkish state grain agency TMO has purchased 165,000 tonnes of milling wheat and 65,000 tonnes of animal feed barley in an international tender, European traders said on Friday.The import tender, which closed on Thursday, sought those same amounts of wheat and barley, both in two shipment periods, the first between Aug. 25-Sept. 20 and the second between Sept. 25-Oct. 20. Copyright Reuters, 2014 ...
Liffe cocoa, coffee prices need to rise to rebuild exchange stocks LONDON: A disconnect between the futures and cash prices for London coffee and cocoa, partly due to intervention by the exchange to keep markets orderly, has led to a depletion in Liffe stocks, which will only be rebuilt to healthy levels if futures rise. Even with cocoa and coffee September contracts already trading at premiums and cocoa futures trading at around a three-year high, traders said prices are yet to reflect the strength of those ...
Taiwan passes in tender to buy 80,900 tonnes US wheat HAMBURG: The Taiwan Flour Millers' Association made no purchase in a tender for 80,900 tonnes of milling wheat to be sourced from the United States which closed on Friday, European traders said. Prices were regarded as too high, traders said. The tender had sought wheat in two consignments for shipment between Sept. 8-22 and Sept. 25 to Oct. 9. "Some wheat importers are delaying purchases in the hope that prices will fall further with good ...
Gold set for second weekly loss on strong economic data LONDON: Gold edged up on Friday but remained subdued near a five-week low and was headed for a second straight week of losses, as a strong dollar after robust economic data offset a fall in equities due to rising political tensions. Spot gold was up 0.2 percent at 1,295.90 an ounce by 1059 GMT, after losing nearly 1 percent on Thursday, when it hit its lowest since June 19 at $1,287.46. US gold futures were ...
Copper rises on China growth, improved supply prospects weigh LONDON: Copper rose on Friday, just short of a 4-1/2 month peak, on positive factory data from China and was set to rise more than 2 percent this week. Benchmark London Metal Exchange copper hit an intraday high of $7,198.25 per tonne, close to the 4-1/2 month peak of $7,212 it hit on July 8. It was $7,186 a tonne at 1048 GMT, up 0.2 percent on the day."We had a good day yesterday on ...
Gold below $1,300 as strong China, euro zone data lift stocks LONDON: Gold broke below the psychological level of $1,300 an ounce for the first time in a week on Thursday as robust economic data from China and the euro zone deterred investors from buying into safe haven assets like the metal.Spot gold fell 0.5 percent to $1,297.30 an ounce by 0929 GMT, having earlier touched its worst in a week at $1,294.U.S. gold slid $6.10 to $1,298.50, after stop-loss orders were placed below $1,300 by ...

 



 
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 15, 2014
Reserves $14.264 bln