09302016Fri
Last update: Fri, 30 Sep 2016 03am

Middle East & Africa

Markets - Commodities - Middle East & Africa

Egypt's FIHC buys 30,000 T soybean oil, 37,000 T sunflower oil CAIRO/ABU DHABI: Egypt's Food Industries Holding Company (FIHC) bought 30,000 tonnes of soybean oil and 37,000 tonnes of sunflower oil in a tender, Cairo-based traders said. FIHC purchased the 30,000 tonnes of soybean oil from ADM at $810.50 a tonne cost and freight. FIHC also bought 10,000 tonnes of sunflower oil from ADM at $791.50 a tonne C&F, 15,000 tonnes of sunflower oil from Glencore at $788.50 a tonne C&F and 12,000 tonnes of sunflower oil from Nidera at $788.50 a tonne C&F. For a full list of offers presented in the tender clickCopyright Reuters, 2016 ...

Markets - Commodities - Middle East & Africa

Egypt's GASC says seeking 50,000 tonnes raw sugar in tender ABU DHABI: Egypt's state buyer, the General Authority for Supply Commodities (GASC), said on Tuesday it was seeking 50,000 tonnes of raw sugar in a tender. Offers are on a cost, insurance and freight basis (CIF) and the deadline for bids is Oct. 1, GASC said. The tender is for two arrival periods from Oct. 15-30 and Nov. 1-15. Copyright Reuters, 2016 ...

Markets - Commodities - Middle East & Africa

Ghana cocoa regulator says to close 2015/16 season on Thursday ACCRA: Ghana will close its 2015/16 cocoa season on Thursday after a year in which dry weather contributed to around an 8.2 percent production shortfall against a 850,000 tonne target set by industry regulator Cocobod. The timing of Cocobod's decision is to allow buyers and farmers to prepare for the 2016/17 crop which is expected to open in early October. "All licensed buying companies are kindly requested to wind up all operational activities of the ...

Markets - Commodities - Middle East & Africa

Morocco seeks 303,637 tonnes of US soft wheat RABAT: Morocco's grain agency ONICL launched a tender on Tuesday to buy 303,637 tonnes of US soft wheat under a preferential tariff agreement. ONICL said will open bids on Oct. 5 and shipments should arrive at Moroccan ports by Dec. 31 at the latest. Lots should be a minimum of 5,000 tonnes.Earlier this month, Morocco bought 235,000 tonnes of US soft wheat and 310,000 tonnes of European Union soft wheat under the same agreement. The ...

Markets - Commodities - Middle East & Africa

Ivory Coast rain boosts cocoa crop, sun needed to avoid disease ABIDJAN: Heavy rain that continued last week in most of Ivory Coast's main cocoa growing regions will improve the size of the upcoming main crop, farmers said on Monday, but more sun is needed to ward off disease.The 2016/17 marketing season in the world's top cocoa producer will officially open on Oct. 1 with the start of main crop harvesting. A new guaranteed farmgate price, based on forward sales, is due to be set this ...

Markets - Commodities - Middle East & Africa

Wheat suppliers await decree before offering to Egypt's GASC ABU DHABI/CAIRO: Suppliers chose to hold off on making offers in Egypt's international purchasing tender on Thursday, saying they needed more guarantees that the country's import authorities would tolerate negligible levels of the ergot fungus in their supplies. State grain buyer GASC said earlier on Thursday it had amended its tendering booklet outlining terms and wheat specifications to allow for a 0.05 percent ergot content, a common international standard, instead of a previous absolute zero ...

Markets - Commodities - Middle East & Africa

Morocco buys 310,000 tonnes of EU soft wheat, no bids to buy durum RABAT: Morocco's grain agency ONICL said on Thursday it had bought 310,000 tonnes of European Union soft wheat under a preferential tariff agreement, while it had received no offers to buy 45,000 tonnes of durum wheat from the same origin. ONICL gave no reasons for the absence of bids for EU durum.This month, ONICL launched a tender to buy 300,000 tonnes of US soft wheat, 300,000 tonnes of EU soft and 45,000 of EU durum, ...