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Ebola worries keep cocoa at 3-1/2 year high, sugar jumps LONDON: ICE cocoa hit a 3-1/2 year high on Thursday on fears of Ebola spreading in key growing region West Africa.October raw sugar futures jumped ahead of the contract expiry next week, while arabica coffee trimmed the previous session's gains.Front-month ICE December cocoa futures traded up $14, or 0.4 percent, at $3,385 a tonne at 1021 GMT. Earlier in the session they hit $3,399, the highest level since April 2011, fuelled by worries of Ebola spreading to Ivory Coast."It's the fear of the unknown with regards to Ebola," said Ole Hansen, senior commodity strategist at Saxo Bank."If the worries are unfounded then cocoa could probably slump 10 percent quite easily, at the same time there's obviously a risk to supplies and who knows where it could take prices."March cocoa in London was up 11 pounds, or 0.5 percent, at 2,123 pounds a tonne.SUGAR EXPIRYICE October raw sugar futures rose 0.63 ...

Gold edges up as dollar rally halts, caution ahead of US data LONDON: Gold edged up on Wednesday as the dollar's rally paused and international political tensions intensified, but investors remained cautious ahead of U.S. economic data later in the week.Spot gold rose 0.2 percent to $1,224.46 an ounce by 1008 GMT. It had rebounded from an 8-1/2-month low of $1,208.36 in the previous session as the dollar fell after 10 weeks of gains.U.S. gold futures were up $3.30 at $1,225.30 an ounce."The weakness we have seen ...
Nickel gains as buyers move back in after slide, copper dips LONDON: Nickel rose on Wednesday as investors assessed a recent slide in prices as a buying opportunity ahead of expected shortages, but copper hit a fresh three-month low as uncertainly about global growth weighed on markets.Three month nickel on the London Metal Exchange was up 0.6 percent at $17,225 a tonne by 1051 GMT, after touching $16,483 on Tuesday, the lowest in over five months.Investors piled into the market earlier in the year, sending prices ...
Copper rebounds after encouraging China factory data LONDON: Copper prices recovered on Tuesday, bouncing off three-month lows hit in the previous session, as encouraging manufacturing data from top consumer China helped allay some fears about the outlook for demand.Benchmark copper on the London Metal Exchange (LME) traded at $6,743.75 a tonne at 0951 GMT, up 0.4 percent. It had fallen to a three-month low at $6,707.25 in the previous session.China's manufacturing sector unexpectedly picked up some momentum in September even as factory ...
Iron ore drop puts ambitious Rio bid on Glencore's agenda LONDON: Glencore boss Ivan Glasenberg is not one to shy away from a challenge, or to downplay his ambition.But investor hopes the commodities giant could make a move for mining rival Rio Tinto - left bruised by a sharp drop in iron ore prices this year - are, at best, premature.Blockbuster purchases have become a thing of the past for much of the mining sector after many of the mega-deals struck during the last boom ...
Sugar rallies, focus on expiry, cocoa hits 3-1/2-year high LONDON: Raw sugar futures rallied on Tuesday before a contract expiry at month-end, while ICE cocoa hit a fresh 3-1/2-year high driven by fears that Ebola could spread to top grower Ivory Coast.Arabica coffee on ICE Futures U.S. firmed in technically driven dealings, while Liffe robusta coffee edged further away from Friday's three-month low.Raw sugar futures on ICE extended Monday's rally in spread-linked dealings before the October raw sugar futures expiry on Sept. 30.ICE October ...
Gold rises 1.5 percent on softer dollar, equities LONDON: Gold rose 1.5 percent on Tuesday as the dollar eased after comments from a New York Federal Reserve's official that any increase in interest rates should be done cautiously, while U.S. air strikes added to global tension and hence safe-asset demand.New York Fed bank president William Dudley played down the importance of the various interest rate projections of Fed members released last week, which some in the market had taken as a signal of ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln