02092016Tue
Last update: Tue, 09 Feb 2016 08am

Middle East & Africa

Markets - Commodities - Middle East & Africa

Ivorian cocoa arrivals seen at 1,104,000 T by Feb. 7 ABIDJAN: Cocoa arrivals at ports in top grower Ivory Coast had reached around 1,104,000 tonnes by Feb. 7 from the start of the season on Oct. 1, exporters estimated on Monday, down from 1,141,000 tonnes during the same period of the previous season. Exporters estimated around 41,000 tonnes of beans were delivered to the West African state's two ports of Abidjan and San Pedro between Feb. 1 to Feb. 7 down from 48,000 tonnes during the same period last year. Copyright Reuters, 2016 ...

Markets - Commodities - Middle East & Africa

Ivorian cocoa arrivals seen at 1,104,000 tonnes by Feb. 7 ABIDJAN: Cocoa arrivals at ports in top grower Ivory Coast had reached around 1,104,000 tonnes by Feb. 7 from the start of the season on Oct. 1, exporters estimated on Monday, down from 1,141,000 tonnes during the same period of the previous season. Exporters estimated around 41,000 tonnes of beans were delivered to the West African state's two ports of Abidjan and San Pedro between Feb. 1 to Feb. 7 down from 48,000 tonnes during ...

Markets - Commodities - Middle East & Africa

Egypt seeks to reassure wheat market after two cancelled tenders CAIRO: Egypt sought to reassure wheat markets over its import requirements on Sunday after weeks of confusion over the allowed limits of a fungus rattled traders and prevented its state grain buyer from purchasing wheat in two successive tenders.Egypt, the world's largest importer of wheat, has sent confusing messages to exporters in recent weeks, with agriculture authorities demanding a zero tolerance level for ergot, a common grains fungus, that traders say is impossible to guarantee.In ...

Markets - Commodities - Middle East & Africa

Anglo, BHP Billiton seen hardest hit by commodities slump JOHANNESBURG: Anglo American and BHP Billiton are expected to report far weaker earnings following the commodity price slide than their rivals among the top five global miners. The global commodity rout, which has seen crude oil and copper prices hit multi-year lows this year, has forced Anglo, Glencore and Vale SA to sell assets and cut dividends and capital spending to preserve cash and reduce debt. Within the five top miners, Rio Tinto is seen ...

Markets - Commodities - Middle East & Africa

Egypt says in talks to import 3mn tonnes of wheat ABU DHABI: Egypt's state grain buyer, the General Authority for Supply Commodities, said on Tuesday it was in negotiations to secure a supply contract of 3 million tonnes of wheat. "Negotiations are ongoing now for the import of 3 million tonnes outside of the tender process," Mamdouh Abdel Fattah, Vice Chairman of GASC, told Reuters. GASC made the statement after traders said no offers were made at a tender to import wheat earlier on Tuesday, ...

Markets - Commodities - Middle East & Africa

Egypt says three wheat cargoes rejected for ergot CAIRO: Egypt has rejected a total of three wheat import shipments due to the presence of grain fungus ergot, a spokesperson for the country's agriculture ministry said on Tuesday.Egypt had already confirmed the rejection of a 63,000 tonne cargo of French wheat that had been bought by state buying agency GASC, but the agriculture ministry did not give details about the two other cargoes.Traders said the two other shipments were small volumes purchased by private ...

Markets - Commodities - Middle East & Africa

Israeli group tenders to buy corn and sorghum: trade HAMBURG: A group of Israeli private buyers has issued international tenders to purchase up to 105,000 tonnes of corn and 10,000 tonnes of the feed grain sorghum, all of optional origins, European traders said on Monday.The tenders close on Wednesday, Feb. 3, traders said.If based on European Union or Black Sea region supplies, some 25,000 tonnes of corn was sought for shipment between March 20 to April 10, 35,000 tonnes between April 20 to May ...