Monday, May 25, 2009

Quick Overview

  • Germany’s business climate index rose to 84.2 from 83.7 in April.

  • Colombia’s April coffee production fell 61% to 345,000, versus 886,000 60-kilogram bags in April last year. Total coffee production in Colombia fell 25% YoY. YoY Coffee exports fell 14%.

  • India's Farm Minister said the federal government may extend the deadline for duty-free raw sugar imports beyond July 31. India's sugar output has fallen to 14.7 million tons in the year ending September from 26.3 million tons a year earlier.

  • The right price range for oil is between $60-75 per barrel, Russia's energy minister said.

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