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Sugar steadies near 6-year low, arabica coffee flat LONDON: Raw sugar futures on ICE steadied on Thursday near the prior session's six-year low, pressured by abundant supplies and light physical demand, while arabica coffee was flat.Cocoa was little changed, with a stronger pound underpinning New York futures.Raw sugar eased, weighed by ample supplies with traders tracking the pace of Chinese buying of out-of-quota sugar."There is disappointment that Chinese import licenses are being approved slowly," said Robin Shaw, analyst with broker Marex Spectron.He spoke of high sugar output in growing countries, such as India and Thailand, and abundant stocks."If we're heading for a deficit next year, it will be a small one," he said. "No one can sustain a bullish argument, and anyone who goes long regrets it."May raw sugar futures were down 0.09 cent, or 0.7 percent, at 12.43 cents a lb at 1226 GMT, after slipping to a six-year low of 12.31 cents on Wednesday.A weak Brazilian ...

Russia seen removing wheat tax in July if inflation slows MOSCOW: Russia, one of the world's leading wheat exporters, will probably not extend a tax on wheat exports, imposed until June 30, if optimism over lower inflation and a large crop persists among officials, SovEcon consultancy said.Russia's economy has been hit hard by low global oil prices and Western sanctions due to Moscow's role in the Ukraine crisis. The rouble has plunged and inflation reached a 13-year high in February.To try to cool food inflation, ...
Gold hits 3-1-2 week high as Yemen air strikes rattle markets LONDON: Gold rallied to a 3-1/2 week high on Thursday and silver rose nearly 3 percent as escalating tensions in the Middle East knocked stocks and the dollar and drove investors into assets seen as lower risk, like bullion and German bonds.European stocks tumbled 1.3 percent, the dollar fell and oil prices leapt 6 percent after Saudi Arabia and its Gulf Arab allies launched air strikes in Yemen to counter Iran-allied forces besieging the southern ...
Copper up to near 3-month high on Chile mine closures, soft dollar LONDON: Copper hit its highest in nearly three months on Thursday after mines closed in the world's top producer Chile due to flooding, the dollar weakened and oil rallied on military strikes in Yemen.Other base metals joined the rally on the London Metal Exchange, spurring some investors to scramble to buy contracts to close out bearish bets.Lead touched the highest in almost two months and zinc hit a one-month peak.Three-month LME copper climbed 1.5 percent ...
Copper price dips, nickel hit by record stocks LONDON: Copper prices slipped on Wednesday as some investors sold to lock in recent gains while nickel also fell after inventories hit an all-time peak. A retreat in the dollar has helped fuel gains in base metals over the past week with copper surging more than 10 percent trough-to-peak over the week to Tuesday. "After the significant bounce we've seen over the past week, led by copper, it's not completely surprising that base metals are ...
Raw sugar rebounds from 6-year low, coffee rallies LONDON: Raw sugar futures turned higher on Wednesday as a weaker dollar helped the market rebound from a 6-year low but the scope for significant recovery was expected to be capped by plentiful supplies.Dealers said currency factors were playing a dominant role in the market with a further fall in the value of Brazil's real earlier in the day sending sugar prices to a fresh low before the currency staged a modest recovery as the ...
Raw sugar hits six-year low on weak real, abundant supplies LONDON: Raw sugar futures prices slumped to a fresh six-year low on Wednesday, weighed on by plentiful supplies as the cane crush in Brazil got underway while the continued weakness of the currency of the world's top producer added to the downward pressure on prices.Global stocks of sugar have been climbing during the last few years while the weakness of Brazil's real currency make exports more attractive to domestic producers."The weakness of the Brazilian real ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln