04292016Fri
Last update: Fri, 29 Apr 2016 06am

Middle East & Africa

Markets - Commodities - Middle East & Africa

Egypt's GASC buys 240,000 tonnes French wheat ABU DHABI: Egypt's state grain buyer, the General Authority for Supply Commodities (GASC), said on Thursday it had bought 240,000 tonnes of French wheat in a tender for shipment Feb. 19-28. Egypt, the world's biggest importer of wheat, bought 60,000 tonnes from Cargill, 60,000 tonnes from Granit, 60,000 tonnes from Lecureur and 60,000 tonnes from Soufflet, Mamdouh Abdel Fattah, GASC vice chairman, said. The wheat was purchased at an average price of $256.10 a tonne on a cost-and-freight basis, Abdel Fattah said. Copyright Reuters, 2015 ...

Markets - Commodities - Middle East & Africa

Vietnam cuts rice export floor price to $360 per tonne HANOI: Vietnam has lowered its floor price for exports of 25 percent broken rice by 5.3 percent to $360 a tonne amid thin demand for the commodity in the world's second-largest exporter.The floor, set by the Vietnam Food Association, will come into effect on Jan. 12, according to a statement from the association to traders seen by Reuters on Friday.The previous floor for the grade was set at $380 a tonne in late November.The agriculture ...

Markets - Commodities - Middle East & Africa

Egypt says wheat stocks enough to last until early May CAIRO: Egypt's stock of wheat for its subsidised bread programme will last until the first week of May, well into the start of the local harvest, after it bought 180,000 tonnes this week, Supplies Minister Khaled Hanafi said on Friday.Hanafi said in a statement he expected new silos to come into use in March, in time to receive the local harvest and secure strategic reserves until October.Egypt, the world's largest wheat importer, said on Thursday ...

Markets - Commodities - Middle East & Africa

Tunisia tenders to buy 117,000 T wheat, 50,000 T barley: trade HAMBURG: Tunisia's state grains agency has issued an international tender to purchase up to 117,000 tonnes of soft milling wheat and 50,000 tonnes of feed barley, European traders said on Tuesday.The origin is optional and the deadline is Jan. 7, traders said.Both grains were sought for a range of shipment dates between February and March depending on origin, they said.In its last reported tender on Dec. 18, 2014, Tunisia's state grains agency purchased 42,000 tonnes ...