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Cotton posts 3rd straight weekly drop after striking 9-month high   NEW YORK: Cotton slipped from earlier gains on Friday, posting a third straight weekly loss, as strong US export data failed to outweigh consolidation after the fiber reached nine-month highs earlier this week.   The most-active May cotton contract on ICE Futures US slid 0.09 cent, or 0.1 percent, to settle at $83.14 cents per pound on Friday.   Friday's fall came in afternoon trading after cotton had been up for much of the day, supported by strong weekly US export data. A large commercial net short position pulled prices back from highs this week to its previous trading range.   "There was still enough opposition by the trade to reject further advances for now, forcing the market to retreat," said Peter Egli, director of risk management for Plexus Cotton Ltd, a British-based medium-sized merchant.   Prices rose as high as 85.24 cents a lb on Wednesday, the highest since May 2012. They failed to retain the momentum ...

ICE coffee, sugar rise on short-covering ahead of weekend   NEW YORK/LONDON: Coffee and sugar futures on ICE and Liffe climbed on Friday, extending gains above recent multi-year lows on short-covering, as unrest among port workers in top grower Brazil created uncertainty, dealers and analysts said.   Cocoa futures also climbed.   The Thomson Reuters-Jefferies CRB index, a global benchmark for commodities made up of 19 markets, inched up from Thursday's seven-week low as oil rose on signs that business morale in Germany was improving. Major stock markets also ...
Europe coal market LONDON/BOGOTA: The failure of European coal prices to rise sharply at a time when Colombia is losing around 150,000 tonnes a day of output, due to strikes and an export ban, shows just how oversupplied the market has become.   Strikes at two Colombian producers since earlier this month and an export ban at a third mine could mean the world's fourth largest exporter loses almost 3 million tonnes of production for February unless there is a ...
ICE sugar, coffee prices rise but downtrends intact LONDON: ICE coffee and sugar futures rose on Friday as both markets consolidated above recent multi-year lows but the scope for any significant rebound in prices was capped by surplus supplies, dealers and analysts said. Cocoa futures held at little changed levels.   Dealers said the long-term downtrend in arabica coffee prices remained intact as the market continues to struggle to absorb excess supplies.   May arabica coffee futures on ICE rose 1.95 cents or 1.4 percent to $1.4370 per ...
Gold firms, short-term strength possible LONDON: Gold firmed on Friday, helped by a recovery in assets seen as higher risk, like stocks, the euro and other commodities, after stronger-than-expected German economic data and on concerns that this week's selling may have been overdone. European stocks recovered from two-week lows, Brent crude rebounded after falling 2 percent in the previous session, and copper prices bounced from Thursday's two-month low. The euro also rose against the dollar, helping push the US unit ...
CentAm, Colombia, Peru coffee exports up 7.3pc in January   GUATEMALA CITY: Coffee exports from Central America, Colombia, Peru and the Dominican Republic jumped 7.3 percent in January compared to the same month a year earlier, totaling 2.18 million 60-kg bags in the month, data showed on Thursday.   Guatemala's coffee association Anacafe, which collates figures from the mostly arabica-growing region, said exports through the first four months of the 2012-13 harvesting season totaled 8.21 million bags, up 11.9 percent compared to the same four-month period during ...
Copper slides to 2013 low on growth worries, China              LONDON: Copper slid to its weakest in nearly two months on Thursday on worries about a lack of demand from top consumer China, signs of slow growth in the Europe and the US, and concerns that the Federal Reserve may withdraw monetary stimulus.   Other metals were also dragged lower as speculators liquidated positions, sending nickel to a near three-month low.   Stronger economic data from China and the United States in recent months had bolstered the market, but ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln