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Price of Kenya top grade coffee falls on quality worries  NAIROBI: The top price of Kenya's benchmark grade AA coffee fell to $302 per bag at this week's auction from $312 fetched at the previous sale on quality fears although volumes increased. The Nairobi Coffee Exchange (NCE) said on Tuesday that out of the 20,729 bags offered, some 12,898 were sold, an improvement from last week when buyers only took up 8,148 of the 20,714 bags offered. "There is a big concern over the quality of crop being offered to the market as the present season draws to a close," Charles Mbaluka, the chief executive of the NCE told Reuters. During this week's auction, Grade AA sold at $174-$302 per bag compared with $191-$312 last week, the NCE said in a market report. Grade AB fetched $147-$226 per bag compared with the previous week's $146-$200 per bag. Overall, the beans fetched a total of $2.6 million with the average price coming at $170.19. Last week, ...

Ivorian cocoa arrivals seen at 1,348,000 T by Sept. 9  ABIDJAN: Cocoa arrivals at ports in top grower Ivory Coast reached around 1,348,000 tonnes by Sept. 9, exporters estimated on Monday, compared with 1,429,393 tonnes in the same period of the previous season.   Exporters estimated around 9,000 tonnes of beans were delivered to the West African state's two ports from Sept. 3 to Sept. 9, down from 17,501 tonnes in the same week a year ago.   Poor weather mid-way through the 2011/12 season is expected to lead ...
Iraq issues tender for at least 50,000 T of wheat  BAGHDAD: Iraq has issued a tender for at least 50,000 tonnes of wheat from any origin, with a closing date of Sept. 16, a source at the Iraqi trade ministry said on Thursday. Offers should be valid until Sept. 20, the source said. Iraq is one of the world's largest importers of wheat, much of which goes to supply a massive national food ration programme. Copyright Reuters, 2012 ...
Egypt buys 475,000 T Russian, Romanian, Ukrainian wheat  CAIRO: Egypt, the world's biggest importer of wheat, bought 475,000 tonnes of Russian, Romanian and Ukraine wheat for shipment Oct. 21-31 and Nov. 1-10, the main government wheat buyer said on Thursday. Of the total, it bought 300,000 tonnes for the October shipment period and 175,000 tonnes for the November shipment period. Nomani Nomani, Vice Chairman of the General Authority for Supply Commodities (GASC), gave a breakdown of the purchases. He listed shipments for Oct. 21-31 as: - 60,000 ...
Top Kenyan tea prices fall at latest auction  NAIROBI: The average price of Kenyan top grade tea fell to $4.00 per kg at auction this week from $4.04 kg last week, traders said on Tuesday. The east African nation is the world's biggest exporter of black tea, and the crop is one of its largest foreign exchange earners, raking in $1.27 billion last year. The Mombasa-based Africa Tea Brokers (ATB) said in a market report that Best Broken Pekoe Ones sold at $4.16-$3.84 per kg, ...
Ivory Coast ginners see 2012/13 cotton output at 340,000 T  ABIDJAN: Ivory Coast's 2012/13 cotton season will yield about 340,000 tonnes, the executive secretary of the country's ginners' association said on Monday, increasing the body's forecast from the previous 300,000-315,000 tonnes.    The West African nation produced around 260,000 tonnes during the 2011/12 harvest.   "At the end of July we were at around 340,000 hectares planted. For this cotton season, we are therefore expecting at least 340,000 tonnes of cotton," said Christophe N'Dri.   The cotton season opened on May ...
Uganda KAMPALA: Uganda's cocoa production is set to rise by 6.1 percent in the I October 2011-September 2012 crop year from the previous year, helped by favourable weather and maturing trees, the state-run Cocoa Development Project (CDP) said on Monday.   The east African country is a small producer compared with big growers such as Ivory Coast, but cocoa is one of Uganda's commodity exports and a source of hard currency.   Last season Uganda earned $44 million from cocoa ...


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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
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Trade Balance $-1.433 bln
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WeeklyApril 14, 2014
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