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Middle East & Africa

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Tunisia gets offers in tender to buy 75,000T wheat HAMBURG: The lowest offer in the tender from Tunisia's state grains agency to purchase 75,000 tonnes of soft milling wheat which closed on Tuesday was $274.68 a tonne c&f, European traders said.The offer was for "all or nothing" for optional origin for all shipment positions, traders said.This was followed by several offers of around or just over $275 a tonne c&f for individual shipment positions, they said.The tender sought grain for a range of shipment dates in July and August depending on origin. Results are expected later on Tuesday.Copyright Reuters, 2013 ...

Algeria wheat imports down in Jan-April: customs ALGIERS: Algeria's total wheat imports dropped 7.32 percent to 1.873 million tonnes but were up 11.5 percent in value in the first four months of this year, compared with the same period in 2012, official figures showed on Monday.Soft wheat purchases fell 4.7 percent to 1.526 million tonnes in the January-April period this year from 1.598 million tonnes in the same period a year earlier, according to customs data.The data showed durum wheat imports decreased ...
S.Africa's 2013 maize crop f'cast down to 11.44mn tonnes JOHANNESBURG: South Africa cut its forecast of maize output for 2013 to 11.44 million tonnes from a previous estimate of 11.562 million tonnes, saying dry weather earlier this year affected yields.The maize crop will consist of an estimated 6.026 million tonnes of white maize and 5.414 million tonnes of yellow, the government's Crop Estimates Committee said on Thursday.The harvest estimate is largely in line with market expectations of 11.45 million tonnes, according to a Reuters ...
Uganda coffee exports rise in April due to strong rains KAMPALA: Uganda's coffee exports are seen rising sharply in April to 270,000 60-kg bags from 141,220 bags during the same period last year, boosted by strong rainfall in key growing areas, the Uganda Coffee Development Authority (UCDA) said on Thursday."The crop in south western region is expected to be bigger than last year due to the favourable rainfall received," said a report by UCDA.The report also said UCDA is set to provide 20 million seedlings ...
Morocco state grain agency buys 178,000 tonnes local soft wheat RABAT: Moroccan state grains agency ONICL has bought 178,000 tonnes of loal soft wheat at 2,545 to 2,880 Moroccan dirhams ($290-$330) per tonne, a few days after issuing a tender to buy 160,000 tonnes of US durum wheat.Morocco has extended a freeze on a 17 percent import duty on soft wheat to April 31 to ensure a regular supply of the commodity to the domestic market after drought hit its local harvest last year. The ...
Egypt to get help from US, European wheat exporters: Minister CAIRO: Egypt will receive payment facilities from American and European suppliers of wheat, an Egyptian newspaper on Saturday quoted minister of supplies Bassem Ouda as saying, as the world's biggest wheat importer struggles to pay for imports.Two years of turmoil since the overthrow of President Hosni Mubarak has badly hit an economy starved of tourism revenues and with a depreciating currency."American and European exporters of wheat will provide payment facilities to Egypt to import wheat ...
Ivory Coast fixes price for cocoa at 700 CFA francs/kg ABIDJAN: Ivory Coast fixed its government-guaranteed cocoa farmgate price at 700 CFA francs ($1.37) per kg for the April-to-Sept mid-crop harvest, down from a main crop price of 725 CFA francs per kg, the head of the country's marketing board said on Friday. "The guaranteed cocoa price is 700 francs per kilogramme," Lambert Kouassi Konan, chairman of the Coffee and Cocoa Council, told journalists in the commercial capital Abidjan. The world's top cocoa producer also ...

 



 
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Banking Review 2012

Annual2011/12
Foreign Debt $65.562bn
Per Cap Income $1,372
GDP Growth 3.7%
Average CPI 10.08%
MonthlyMay
Trade Balance $-2.171 bln
Exports $2.175 bln
Imports $4.346 bln
WeeklyJune 17, 2013
Reserves $11.446 bln