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Egypt CAIRO: Egypt, the world's largest wheat importer, has bought 180,000 tonnes of Russian and Romanian wheat for Oct. 1-10 shipment on a free on board basis, the main government wheat buyer said on Saturday. Nomani Nomani, vice chairman of the General Authority for Supply Commodities (GASC), gave the following breakdown of the purchases: -- 60,000 tonnes of Russian wheat from Olam International at $319 per tonne with freight costs of $11.64 per tonne -- 60,000 tonnes of Russian wheat from Aston at $320.94 per tonne with freight costs of $11.70 -- 60,000 tonnes of Romanian wheat from Ameropa at $323.38 per tonne with freight costs of $10.10 It was GASC's third international wheat purchase since the July 1 start of the 2012/13 fiscal year. The purchase was also GASC's third in two weeks as the world's top wheat importing nation moved to secure supplies amid rising concerns about weather-shortened crops in key exporting nations ...

Cameroon cocoa exports down over 10pc for 2011/12 crop  YAOUNDE: Cameroon exported 179,587 tonnes of cocoa beans during the 2011/12 cocoa season, just over 10 percent less than the year before, provisional data from the National Cocoa and Coffee Board (NCCB) showed on Friday. July exports of beans from the No. 5 grower were 5,188 tonnes, up from 3,169 tonnes the month before and 3,453 tonnes in the same month last year. This year's fall in production has been blamed on a poor mid-crop harvest due ...
Shell Nigeria says leak contained, locals report oil slick  EWELESUO: Shell said on Friday it had contained oil leaked from a failed pump within a flowstation on Nigeria's Nembe Creek though local residents disputed this, saying it had spread to mangrove swamps. "There was no oil spill, and there was no impact on the environment," said Precious Okolobo, spokesman for Shell Petroleum Development Corporation (SPDC), a joint venture majority owned by the state oil firm. "The pump was immediately shut down. However, some oil escaped from ...
Kenya top tea grade price stable at auction NAIROBI: The average price of Kenyan top grade tea held steady at $4.03 per kg at auction this week, stabilising after two consecutive weeks of falls, market participants said on Wednesday. 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 said in a market report that Best Broken Pekoe Ones sold at ...
Kenya raises 2012 sugar output forecast  NAIROBI: Kenya's sugar production is expected to rise 16.49 percent this year, despite a shaky first-half performance caused by a shortage of cane and inefficiency at the under-funded state-owned factories, the industry regulator said on Thursday. The east African nation is expected to produce 567,364 tonnes of sugar in 2012, up from last year's 487,022 tonnes, a potential record, the Kenya Sugar Board (KSB) said, citing good weather. The regulator said sugar production over the first six ...
Uganda July coffee exports drop yr/yr due to hoarding  KAMPALA: Uganda's coffee exports dropped to 307,921 60-Kg bags in July from 375,843 bags a year ago, after farmers withheld their crop in the hope that prices would rise later, a source at the state-run Uganda Coffee Development Authority (UCDA) said on Tuesday. Copyright Reuters, 2012 ...
Nigerian buoyed by tenders, tight supply  LONDON: Nigerian crude oil differentials strengthened on Monday as tight supplies of light, sweet grades combined with fairly strong demand into Asia and from western refiners. Only 10 cargoes of benchmark Qua Iboe crude are due to load in September in Nigeria's total programme of 62 cargoes loading an average of 1.84 million barrels per day (bpd). This compares with 12 cargoes of Qua Iboe in August in a programme of 74 cargoes loading 2.03 million ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln