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Sugar hits more than four-year low LONDON: ICE raw sugar dipped to a more than four-year low on Wednesday as weak demand and ample supplies kept prices under pressure.ICE cocoa extended its bounce off last week's three-month low, while arabica coffee fell.Low-quality Thai sugar expected to be delivered against the October raw sugar contract weighed on prices, with dealers noting that there was a lack of appetite to take delivery. This was reflected in the large discount on October versus the March contract."The quality of the Thai sugar is very poor or low compared with other origins," said James Kirkup, head of sugar brokerage at ABN AMRO. "People aren't willing or able to sell Thai sugar ... and what happens is it ends up on the futures market."ICE October raw sugar futures were 0.05 cent lower at 13.50 cents a lb at 1447 GMT, having dipped to 13.32 cents earlier in the session, the lowest level ...

Gold inches up for third day; Fed's rate outlook in focus LONDON: Gold inched up for a third straight session on Wednesday as the dollar eased and speculation mounted that the Federal Reserve would vow to maintain interest rates at low levels when the U.S. central bank concludes its policy meeting later in the day.Investor expectations for the U.S. Federal Reserve's policy statement due at 1800 GMT were shifted by a report in the Wall Street Journal that indicated the Fed could be less hawkish than ...
Copper up on China stimulus reports, markets await Fed LONDON: Copper edged up on Wednesday on a report that China's central bank will provide the country's biggest banks with fresh loans to bolster the economy of the world's largest metals consumer.Investors are also looking ahead to a crucial U.S. Federal Reserve policy statement later this session where the bank may indicate its thinking on the timing of any interest rate move.Media reports said China's central bank is injecting a combined 500 billion yuan ($81.35 ...
Turkey buys 200,000 T milling wheat in tender PARIS: Turkey's state grain agency TMO has purchased 200,000 tonnes of milling wheat in an international import tender for the same volume which closed on Tuesday, European traders said on Wednesday.TMO bought 75,000 tonnes of wheat with a 12.5 percent protein level at prices ranging from $259.75 to $262.25 a tonne, cost and freight included, they said.It also purchased 125,000 tonnes of wheat with 13 percent protein at prices from $265.90 to $272.75 C&F.The grains ...
EU wheat rises after news Egypt bought French wheat PARIS: European wheat edged higher on Tuesday, helped by Egypt's purchase of French wheat in its latest tender.By 1457 GMT November wheat on the Paris-based Euronext futures was 0.50 euro or 0.3 percent higher at 162.00 euros a tonne.The contract had been in negative territory before the results of the tender, reacting to a fall on US wheat markets to contract lows.Egypt's state grain buyer, the General Authority for Supply Commodities (GASC), said on Tuesday ...
Sugar steadies above more than 4-year low LONDON: ICE raw sugar steadied on Tuesday above the previous session's more than four-year low as ample supplies and large global stocks weighed.Arabica coffee edged lower, while ICE cocoa held above a three-month low.Dealers said raw sugar futures continued to look vulnerable to further losses ahead of the October contract expiry due to the lack of demand.ICE October raw sugar futures edged up 0.07 cents, or 0.5 percent, to 13.74 cents a lb at 1313 ...
Gold steadies before Fed meeting, US rate outlook eyed LONDON: Gold steadied on Tuesday ahead of a Federal Reserve policy meeting, remaining near an eight-month low, with investors unwilling to place big bets as they awaited clues on the timing of the first U.S. rate rise in eight years.The Fed will begin its two-day meeting later in the day, with an announcement scheduled for Wednesday. Some analysts believe the Fed could signal it may begin raising rates sooner than mid-2015, the current consensus target.Any ...

 



 
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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 $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln