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Cocoa deficit lower than stocks survey showed: ICCO LONDON: The International Cocoa Organization said on Tuesday that the global cocoa supply deficit for the 2012-13 season was lower than the 310,000 tonnes identified by its annual stocks survey. Cocoa prices rose sharply last week after industry sources said preliminary data collected by the ICCO showed world stocks have fallen by around 300,000 tonnes, which could indicate a wider global deficit than traders had expected. The ICCO said survey results had underestimated existing world stocks, partly due to an increase in stocks held in locations not reporting to the survey. The cocoa body said it maintained its forecast for a global cocoa deficit of 160,000 tonnes for the 2012-13 season with the estimate due to be revised in late February.Copyright Reuters, 2014 ...

Gold falls on stronger dollar, Fed tapering speculation LONDON: Gold fell on Tuesday, dragged down by firmer equities and a stronger dollar after renewed talk that the U.S. Federal Reserve may announce a further cut in its bond-buying programme at its meeting next week.The Fed's Federal Open Market Committee (FOMC) meets on Jan. 28-29. In its last policy meeting in December, the U.S. central bank decided to cut its monthly bond purchases by $10 billion to $75 billion.A report in the Wall Street ...
Palm oil firms on lower ringgit ROTTERDAM: Palm oil on the European vegetable oils market firmed on Monday on the back of Malaysian palm oil futures, which jumped on a dip in the ringgit, which could spark demand from buyers holding foreign currencies."The market was pretty dull, with palm oil supported by the weak ringgit. The absence of Chicago markets due to Martin Luther King day kept a firm lid on activity," one broker said.Palm oil was offered between $5 and ...
Soymeal firmer with CBOT ROTTERDAM: Soymeal on the European meals and feeds market was offered firmer on Monday due to technical strength in CBOT soymeal futures at the close on Friday."Prices were up as the European cash market used Friday's firmer Chicago close to fix prices. The absence of a direction from CBOT due to a public holiday in the U.S. caused a lacklustre picture in Europe," one broker said.South American soymeal was offered between flat and $7 a ...
Australian wheat offered lowest in Iraq tender HAMBURG: Australian wheat was offered at the lowest price of $334.78 a tonne c&f free out (ciffo) in a tender from Iraq's state grain board to purchase at least 50,000 tonnes of hard wheat, European traders said on Monday.The offer was for 50,000 tonnes. This was followed by a separate offer for 50,000 tonnes of Australian wheat at $335 a tonne ciffo, traders said.Other offers for Australian wheat were made at $342.75 and $345.56 a ...
LME nickel sees 6pc weekly gain LONDON: Nickel was steady on Friday and notched up a 6 percent rise this week, its biggest weekly gain in almost a year, after Indonesia banned exports of ore last weekend. Indonesia is the world's largest exporter of nickel ore. Prices for refined metal surged this week as traders bet that rising costs for producers of nickel pig iron, a low-cost alternative to refined nickel for makers of stainless steel, will lift the floor for ...
Cocoa slips after North America grind fails to meet forecasts LONDON: Cocoa prices eased on Friday as the market digested lower than expected growth in North American cocoa grindings, which provide an indicator of demand. Raw sugar futures hovered near a 3-1/2 year low, as a strong finish to Brazil's harvest weighed, while coffee prices edged lower. COCOA May cocoa on Liffe was down 17 pounds or 1 percent at 1,741 pounds a tonne at 1016 GMT as the market digested lower than expected growth ...

 



 
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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