04302016Sat
Last update: Sat, 30 Apr 2016 10am

Middle East & Africa

Markets - Commodities - Middle East & Africa

Wheat eyes first weekly gain in 7 SINGAPORE: US wheat extended gains into a second session on Friday, with the market poised for its first weekly climb after six weeks of heavy losses, boosted by expectations of a rebound in demand for US supplies.Soybean prices rose for a second day, tracking a strong rally in Malaysian palm oil futures, although gains were capped by forecasts of record production in South America. Corn edged higher.Chicago Board of Trade March wheat has risen more than 5 percent this week, its first weekly gain in seven weeks. March soybeans are up 2.6 percent, their first weekly climb in a month.March corn has advanced 4.8 percent this week in its biggest weekly gain since late October.Wheat rose 0.8 percent to $5.29-3/4 a bushel by 0259 GMT on Friday, soybeans added 0.5 percent to $9.86 a bushel and corn gained 0.7 percent to $3.88 a bushel."Exports steering away from a very weak ...

Markets - Commodities - Middle East & Africa

Saudi Arabia buys 690,000 tonnes of hard wheat HAMBURG/ABU DHABI: Saudi Arabia bought 690,000 tonnes of hard wheat via a tender, the country's main state grain agency Grain Silos and Flour Mills Organisation (GSFMO) said on Monday. The wheat, with 12.5 percent protein content, is for shipment during April and May, GSFMO Director General Waleed Elkhereiji said in a statement.The accepted origins are the European Union, North America, South America and Australia at the option of sellers, the GSFMO said.It said the purchase ...

Markets - Commodities - Middle East & Africa

Saudi Arabia says seeks 660,000 tonnes of wheat in tender ABU DHABI: Saudi Arabia's state grain buyer, the Grain Silos and Flour Mills Organization (GSFMO), said on Thursday it was seeking 660,000 tonnes of hard wheat in a tender.The wheat, with 12.5 percent protein content, is for shipment during April and May, GSFMO said in a statement.The wheat will be purchased in shipments of 55,000 tonnes with a total 330,000 tonnes to be imported via the port of Jeddah and 330,000 tonnes via Dammam, the ...

Markets - Commodities - Middle East & Africa

Burkina Faso 2014/15 cotton harvest seen just under 700,000 T OUAGADOUGOU: Burkina Faso expects a cotton harvest of just under 700,000 tonnes during the 2014/15 season, up from the last year's 650,000 tonnes but revised down from an initial target, firms operating in the country estimated on Monday. The figure is about 100,000 tonnes below a target set last year for the 2014/15 harvest due to poor rains at the beginning of the season in the land-locked West African nation. SOFITEX, the country's biggest cotton ...

Markets - Commodities - Middle East & Africa

Mali targets 800,000 T cotton per year by 2018 after output jump BAMAKO: Mali plans to produce 800,000 tonnes of unginned cotton per year by 2018 after output surged by more than a quarter in the 2014/15 season on the back of improved farm inputs, the head of the state-owned textile development firm CMDT said on Thursday. Kalfa Sanogo said final production figures for the season stood at 552,000 tonnes, compared with 440,000 tonnes the previous season. "The government increased input subsidies and lowered the price of ...

Markets - Commodities - Middle East & Africa

Cameroon exports 698 T of robusta coffee in December YAOUNDE: Cameroon exported 698 tonnes of robusta coffee in December, the first month of the 2014/15 season, a sharp increase from 236 tonnes in the same month of the previous season, statistics from the National Cocoa and Coffee Board (NCCB) showed on Thursday. The data showed that there were six exporters for the month. Nealiko Enterprises exported the most with 284 tonnes, followed by Nestle Cameroun with 180 tonnes and Polis Agro Cam with 27 ...

Markets - Commodities - Middle East & Africa

Egypt has enough wheat until mid-May CAIRO: Egypt's stock of wheat for its subsidised bread programme will last until the middle of May, Supplies Minister Khaled Hanafi said in a statement on Saturday.Egypt has bought at least 3.085 million tonnes of wheat on the international market since July 1, the start of the fiscal year.It purchased 5.46 million tonnes of wheat from overseas in the 2013-2014 fiscal year in addition to 3.7 million tonnes of local wheat.The country aims to cut ...