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Gold near 2-month low on stronger dollar, interest rate expectations LONDON: Gold held close to its lowest in two months on Monday, as the dollar marched higher after central bank heads signalled that interest rates were set on a diverging course in the United States, Europe and Japan.At a gathering of central bankers in Jackson Hole, Wyoming, Federal Reserve Chair Janet Yellen nodded to the concerns of some Fed officials about the sustained level of monetary policy stimulus, even as she stressed the need to move cautiously on raising rates.The heads of the European Central Bank and Bank of Japan pledged more policy stimulus, which weighed on the euro and the yen versus the U.S. currency.Gold was down 0.2 percent at $1,278.10 an ounce by 1337 GMT. The metal fell 1.8 percent last week, its biggest weekly fall in a month, hurt by strong U.S. economic data and speculation of an early interest rate increase, which sent prices to their ...

Romania reaps record cereal crops, eyes bumper sunflower BUCHAREST: Romania's 2014 wheat crop rose to a record 7.4 million tonnes from 7.3 million a year earlier while a rapeseed crop of 1.1 million tonnes marked a 44-year high, the agriculture ministry said on Monday as it gears up for robust maize and sunflower harvests.In the past couple of years, Romania has emerged as a major grains exporter to Egypt, the world's biggest wheat importer, together with Black Sea producers Russia and Ukraine.Agriculture Minister ...
Gold near 2-month low on stronger dollar, interest rates expectations LONDON: Gold held close to its lowest in two months on Monday, as the dollar marched higher after central bank heads signalled that interest rates were set on a diverging course in the United States, Europe and Japan.At a gathering of central bankers in Jackson Hole, Federal Reserve chair Janet Yellen nodded to the concerns of some Fed officials about the sustained level of monetary policy stimulus, even as she stressed the need to move ...
Romania reaps 7.4mn tonnes wheat, record rapeseed crop BUCHAREST: Romania reaped a record wheat crop of about 7.4 million tonnes this year from 2 million hectares against 7.3 million in 2013 and a 44-year record high rapeseed crop of 1.1 million tonnes, the agriculture ministry said on Monday. Minister Daniel Constantin said in a statement wheat yields edged up to 3.65 tonnes per hectare. Romanian farmers also harvested 1.74 million tonnes of barley and two-row barley against 1.51 million tonnes in 2013. "It's ...
US soybeans buoyed by strong demand, corn, wheat up PARIS/SINGAPORE: Chicago soybeans rose on Friday from contract lows as strong demand underpinned the market but the oilseed remained pressured by expectations of record US production.Corn gained around half a percent, rising for a second day. Solid US weekly exports helped the recovery but the market was still on track for its first fall in three weeks.Wheat found support in lower production estimates in Canada and quality downgrades to crops in Europe."The agricultural markets are ...
Gold up but set for second weekly drop on interest rate speculation LONDON: Gold steadied above a two-month low on Friday after a five-day losing streak and was headed for its biggest weekly loss in five, hurt by strong US economic data and speculation that the Federal Reserve could hike interest rates sooner than expected.Bullion was hit hard after minutes from the Fed's July meeting on Wednesday showed policymakers debated whether interest rates should be raised earlier given a surprisingly strong job market recovery. The metal came ...
French wheat harvest 97pc complete by Aug. 18 PARIS: The soft wheat harvest in France was 97 percent complete as of Aug. 18, data from farm office FranceAgriMer showed on Friday. That compared to 93 percent harvested by the same time in 2013 and a revised figure of 96 percent a week earlier. It had initially said the survey of key producing regions showed 95 percent of the land had been harvested by Aug. 11. Grain markets have been monitoring the French harvest ...

 



 
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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 25, 2014
Reserves $13.925 bln