01192017Thu
Last update: Thu, 19 Jan 2017 01pm

Middle East & Africa

Markets - Commodities - Middle East & Africa

Ivory Coast Oct-Nov cocoa product exports down 19pc ABIDJAN: Ivory Coast exported 61,741 tonnes of semi-finished cocoa products in the first two months of the 2016/17 season, down more than 19 percent from the same period in the previous year, provisional port data showed on Monday.The cocoa season in the world's top producer runs from October to September.Following are official figures for cocoa product exports in tonnes, including a breakdown of cocoa powder, butter and chocolate. Copyright Reuters, 2017 ...

Markets - Commodities - Middle East & Africa

Egypt's GASC postpones tender for raw sugar DHABI: Egypt's state-owned buyer, the General Authority for Supply Commodities (GASC), said on Sunday it had postponed a tender for 50,000 tonnes of raw sugar. GASC said it would announce a new deadline for offers later but did not give a reason for the postponement. GASC was seeking the raw sugar for arrival by Feb. 28. Egypt's GASC last purchased sugar in December when it bought 55,000 tonnes of white sugar outside of the tender ...

Markets - Commodities - Middle East & Africa

Egypt, world's largest wheat buyer, appoints new head of agriculture quarantine CAIRO: Egypt, the world's largest wheat buyer, has appointed a new head to its agriculture quarantine agency, the body that last year threw the massive wheat buying programme into disarray when it tightened import regulations on a common wheat fungus. The new head is Najla Mousa Balabel, the Agriculture Ministry said in a statement on Sunday. Balabel replaces Ibrahim Imbaby, who had been appointed to head the agency in March. The ministry did not give ...

Markets - Commodities - Middle East & Africa

Egypt's GASC gets offers in wheat purchase tender ABU DHABI: Egypt's state buyer GASC received sales offers from nine suppliers in an international tender to purchase wheat on Thursday, traders said. The lowest offer was $186.68 a tonne FOB for wheat sourced from Russia, they said. No purchase has yet been made and results are expected later on Thursday, traders said. Copyright Reuters, 2016 ...

Markets - Commodities - Middle East & Africa

Madagascar's world-class cocoa, a bitter sweet cash crop AMBANJA: A massive zebu cow lumbers out of the tropical forest in Ambanja in the north of Madagascar carrying a heavy cartful of cocoa pods destined to become some of the most expensive chocolate in the world."These red ones here, they're of the Criollo variety, the most sought-after cocoa in the world," says Cyrille Ambarahova, a local small-scale farmer.Standing in the middle of his single hectare of cocoa trees -- "100 percent organic", he says ...

Markets - Commodities - Middle East & Africa

Nigeria seizes smuggled plastic rice LAGOS: Nigeria has seized over 100 bags of plastic rice smuggled into the country, where prices of the staple food are rocketing ahead of the Christmas and New Year holidays.A suspect has been arrested over the haul of 102 bags of the fake rice, which officials warned Wednesday was dangerous for human consumption.They are suspected to have been smuggled or illegally shipped in from China through Lagos port, a senior customs official in Nigeria's commercial ...

Markets - Commodities - Middle East & Africa

Ivory Coast rain helps cocoa while hot wind raises concerns      ABIDJAN: Light rain last week in most of Ivory Coast's main cocoa regions bodes well for the development of the October-to-March main crop despite concerns about hot weather and incoming seasonal winds, farmers said on Monday.  The world's top cocoa producer is at the start of the dry season, when downpours are rare.  The Harmattan, a dry dusty wind that typically swoops down from the Sahara between December and March, can slash output and hurt bean quality by killing small ...