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Saudi Arabia buys 590,000 tonnes of hard and soft wheat ABU DHABI: Saudi Arabia bought 590,000 tonnes of hard and soft wheat in a tender for shipment periods between July 10 and August 30, the Grain Silos and Flour Mills Organisation said on Monday. It bought 475,000 tonnes of hard wheat and 115,000 tonnes of soft wheat. The accepted origins are the European Union, North and South America and Australia at the sellers' option, the GSFMO said.-ReutersCopyright Reuters, 2014 ...

Kenya's top grade coffee price slips at auction NAIROBI: The maximum price of Kenya's benchmark coffee grade fell to $338 per bag at auction from $390 at last week's sale, the Nairobi Coffee Exchange said.The east African nation is a fairly small producer but global roasters buy the crop to blend with coffee from other producers offering beans of a lower quality.Prices tend to fall later in the selling season once the best quality beans have been sold.Benchmark grade AA sold for $179-$338 ...
Ivorian cocoa arrivals seen at 1,246,000 tonnes by April 27 ABIDJAN: Cocoa arrivals at ports in top grower Ivory Coast reached around 1,246,000 tonnes by April 27, since the start of the season on October 2, exporters estimated on Monday, up from 1,130,000 tonnes in the same period of the previous season. Exporters estimated around 25,000 tonnes of beans were delivered to the West African state's two ports of Abidjan and San Pedro between April 21 and April 27, up from 15,000 tonnes during the ...
Ivory Coast lifts cocoa and coffee export ban on Ecom unit ABIDJAN: Top cocoa grower Ivory Coast has reinstated the export licence of Swiss agricultural trader Ecom Agroindustrial Corp Ltd's local unit, rescinding a ban imposed in a dispute over farmer bonuses, a document from the marketing board showed.The Coffee and Cocoa Council, CCC, imposed the suspension, which also barred Ecom subsidiary ZAMACOM from participating in cocoa auctions, on Feb. 4.Several farmer cooperatives had complained to the CCC that ZAMACOM owed them premium payments for certified ...
Kenya's top grade coffee price stable at $390 per bag NAIROBI: The maximum price of Kenya's benchmark coffee grade was unchanged at $390 per bag at this week's sale, the Nairobi Coffee Exchange said.The east African nation is a fairly small producer of the beans but global roasters usually buy the crop, to blend with coffee from other producers, which offer beans with a lower quality. Grade AA sold for $232-$390 per 50 kg bag while a bag of grade AB coffee fetched $204-$316 per ...
Egypt estimates local wheat crop at 9mn tonnes CAIRO: Egypt estimates its local wheat crop at 9 million tonnes, according to a state newspaper that cited a government report, lower than the 9.5 million tonnes the Agriculture Minister had predicted.Traders surveyed in a Reuters poll estimated this year's crop at around 7 million tonnes, in line with the previous harvest. The government's estimates are consistently below those of private traders.Egypt, the world's biggest wheat importer, is aiming to boost domestic production in an ...
Uganda coffee exports up 12pc yr/yr in March KAMPALA: Uganda's coffee exports in March rose by 11.9 percent year-on-year to 348,423 60-kg bags, helped by end-of-season stockpile clearance, a source at the state agency said on Friday."We're soon moving into a new season... perhaps most exporters wanted to clear out their stores so they have more room to accommodate the new crop," said a source at the state-run Uganda Coffee Development Authority (UCDA). Harvest season is now at the tail end in central ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln