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Russia's domestic wheat prices decline due to export curbs MOSCOW: Russia's domestic wheat prices have declined since the start of the year as the government has curbed exports with informal limits ahead of the introduction of an official export tax, analysts said on Monday.Russia, expected to be the world's fourth-largest wheat exporter this year, imposed tougher quality monitoring of grain exports in December in a bid to cool domestic grain prices and curb food inflation as it tackles a financial crisis linked to plunging oil prices and Western sanctions.The price for third-class wheat in the European part of the country fell 400 roubles to 10,825 roubles ($166) per tonne on ex-works basis at the end of this week compared with late 2014, while prices for fourth-class wheat were up 375 roubles to 10,425 roubles a tonne, SovEcon said in a note.Wheat is the only grain with falling prices now in Russia, SovEcon said, adding informal export curbs remained in ...

Copper up for second day, but eyes biggest weekly fall since 2011 LONDON: Copper edged further away from 5-1/2-year lows on Friday after moves by China to boost lending helped ease fears about the demand outlook, but the metal was still heading for its biggest weekly loss since 2011.Three-month copper on the London Metal Exchange, untraded in official rings, was bid at $5,650 a tonne, up 0.2 percent, its second day of gains. On Wednesday it was dragged to its lowest since mid-2009 at $5,353.25 in its ...
Wheat faces fourth week of losses, soybeans near 12-week low PARIS/SINGAPORE: Chicago wheat edged up on Friday but was set for a fourth weekly loss that has shaved 15 percent of prices due to sluggish U.S. exports in a well-supplied world market.Soybeans ticked up after dropping on Thursday to their lowest since Oct. 27 on expectations of record production in South America and smaller-than-expected private crushing data in the United States.Corn was also firm as it consolidated above a five-week low hit this week due ...
Cocoa eases after weak N. American grind, sugar steadies LONDON: Cocoa futures eased on Friday after weak North American grind data, while raw sugar steadied near the prior session's five-week peak underpinned by a firmer Brazilian currency.Arabica coffee futures dipped, with dealers focused on short-term weather forecasts in top grower Brazil.Cocoa fell in thin dealings after North American cocoa grindings fell for the first time in two years, a sign that higher chocolate prices have begun to curb consumers' appetites for the sweet treat."Given ...
Copper up for second day, still eyes biggest weekly fall since 2011 LONDON: Copper rose on Friday, edging further away from 5-1/2 year lows hit this week, after China's move to boost lending measures helped ease fears about the outlook for demand, but the metal was still heading for its biggest weekly loss since 2011.Three-month copper on the London Metal Exchange added 1 percent to trade at $5,684 a tonne at 1036 GMT, its second day of gains following Wednesday's fall that saw the metal dragged its ...
Gold set for biggest weekly gain in 10 months on risk aversion LONDON: Gold edged down on a modestly higher dollar on Friday, but looked set to post its best week in 10 months, as investors sought safety from volatility in equity and currency markets after Switzerland unexpectedly abandoned a cap on the franc.Spot gold was down 0.2 percent at $1,259.27 an ounce by 1105 GMT. The metal had posted its biggest daily gain in six weeks on Thursday, up 2.6 percent, hitting a four-month high of ...
Turkey buys 100,000 tonnes corn in tender PARIS: Turkey's state grain agency TMO bought 100,000 tonnes of animal feed corn in an import tender that closed on Thursday, European traders said on Friday.TMO had been seeking to purchase up to 100,000 tonnes in the tender to cover shipment periods in February and March, and spread between three destination portsCopyright Reuters, 2015 ...

 



 
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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