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European vegoils offered mixed on conflicting signals ROTTERDAM: Asking prices on the European vegetable oils market were narrowly mixed on Friday, with participants trying to assess conflicting signals."Backlogs at Brazilian ports could cause more demand for US soybeans, which do not have big old crop stocks left," one broker said. But he said a dip in mineral oil prices below $92 and large world oilseed stocks could put pressure on the market.At 1630 GMT CBOT soyoil futures were between 0.42 and 0.54 cents per lb down with weak mineral oil and follow-through selling on slightly larger US soyoil stocks. <0#ZL:> <0#CL:>Liquid oils - soyoil, rapeoil and EU rapeoil - were offered between one euro per tonne up and five euros down from Thursday mostly in line with CBOT soyoil and weaker rapeseed futures, although old crop contracts were firmer on expectations for tight supplies. <0#COM:>Aug/Oct EU rapeoil changed hands at 864 and 859 euros per tonne fob ...

Gold falls into bear market territory LONDON: Gold fell below $1,500 per ounce on Friday, a drop of more than 20 percent from its record 2011 highs, putting it in bear market territory for the first time since last May.Gold hit a low of $1,493.35. The metal was heading for a 4.9 percent decline this week, its third such drop in a row and the biggest since December 2011. It was down some 22 percent below the record peak hit in ...
ICE raw sugar posts weekly gain on Brazil harvest rain NEW YORK/LONDON: Raw sugar futures on ICE climbed on Friday to post the largest weekly gain in a month, as traders piled into the market to buy spot raw sugar on worry over potential supply tightness in top producer Brazil where rains hampered the start of the harvest.Cocoa hit multi-month highs on short-covering, while arabica coffee fell in range-bound trading.Delays to the early stages of the harvest in top sugar grower Brazil prompted buying of ...
Platinum prices slide to 8 months low LONDON: Platinum prices fell to their lowest since mid-August on Friday, tracking losses in bellwether precious metal gold, as weakness in the wider financial markets and strength in the dollar heaped pressure on commodities.The autocalyst metal is also suffering from persistent weakness in demand from European carmakers, as the euro zone economy remains stagnant.Spot platinum was down 2.7 percent at $1,490.99 an ounce at 1437 GMT, after falling as low as $1,490.24 an ounce. Copyright ...
Copper slips on growth worries, focus on China LONDON: Copper fell more than 2 percent on Friday as concerns about slowing economic growth raised fears over the outlook for base metals demand while abundant supply and inventories of the metal put further pressure on prices.Three-month copper on the London Metal Exchange was at $7,431 a tonne by 1422 GMT, down from Thursday's close of $7,610 a tonne.Prices hit a two-week high of $7,645.25 this week but are still down by almost 5 percent ...
Europe cash cocoa High prices weigh on demand AMSTERDAM: Price differentials on Europe's cash cocoa market were unchanged this week as high prices kept many market players away, traders said. Differentials for good quality Ivory Coast beans for nearby delivery were at 50 pounds over the London May 2013 cocoa contract, the same as last week. Liffe July cocoa futures were down 2 pounds at 1,486 pounds a tonne on Friday, having touched a near four-month high the previous session of 1,493 pounds. ...
Benckiser group to buy Dutch Masterblenders for 7.5bn euros THE HAGUE: Dutch tea and coffee producer D.E. Masterblenders said Friday it has reached a conditional agreement with a German investor group led by Johann A. Benckiser on a 7.5-billion-euro ($9.8-bn) takeover deal.The companies "have reached conditional agreement on a recommended full public offer for D. E. Masterblenders of 12.50 euros per ordinary share. The intended offer values outstanding Masterblender shares at approximately 7.5 billion euros," Masterblenders said in a statement.Copyright AFP (Agence France-Presse), 2013 ...

 



 
Index Closing Chg%
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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 $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln