02122016Fri
Last update: Fri, 12 Feb 2016 05pm

Middle East & Africa

Markets - Commodities - Middle East & Africa

Jordan tenders again to buy 100,000 tonnes wheat HAMBURG: Jordan's state grain buyer has issued another international tender to purchase 100,000 tonnes of hard milling wheat which can be sourced from optional origins, European traders said on Monday. The tender closes on Jan. 13 and seeks shipment in June, they said.Jordan last bought 100,000 tonnes of wheat on Dec. 30 but its previous tender on Jan. 7 ended without a purchase.A series of previous tenders in late 2015 were cancelled after new terms on quality control were introduced.Copyright Reuters, 2016 ...

Markets - Commodities - Middle East & Africa

Egypt's new wheat requirement could delay supplies CAIRO/ABU DHABI: Egypt, the world's largest purchaser of wheat, has imposed restrictive import requirements, an agricultural authority official told Reuters, alarming traders who threatened to boycott tenders for the politically sensitive commodity. The new requirement - for a complete absence of ergot, a common fungus found in grains - could disrupt the country's supply chain for bread, traders said. Wheat is a strategic commodity that has triggered mass riots during even marginal price rises. President ...

Markets - Commodities - Middle East & Africa

Mali produces 50 T of gold in 2015, expects more in 2016 BAMAKO: Mali produced 50 tonnes of gold in 2015 to consolidate its position as Africa's third-largest producer and expects to increase output this year, President Ibrahim Boubacar Keita said in a New Year's speech.Production is due to start at the Kofi Nord facility run by Canada's Endeavour Mining, part of its Tabakoto mine west of the capital Bamako in southwestern Mali. Kofi Nord will produce an average of around 1.8 tonnes per year, Keita said.The ...

Markets - Commodities - Middle East & Africa

Iraq to stop imports of refined sugar as production rises BAGHDAD: Iraq will stop imports of refined sugar for a government food distribution programme, as the nation's own production rises, officials said on Wednesday. The government has signed a contract with Etihad to be supplied with sugar from its refinery in Hilla, south of Baghdad, said Qasim Hmoud, Iraq's State Company for Foodstuff Trading's general manager, in a statement on the trade ministry website.The sugar bought by the government is distributed for free to the ...

Markets - Commodities - Middle East & Africa

GASC says changed wheat payment terms for tender ABU DHABI: Egypt's state-owned General Authority for Supply Commodities (GASC) said that it has changed the terms of payment for wheat purchased in its tenders."The letters of credit can now be opened up to 180 days after signing the contract," Mamdouh Abdel Fattah, GASC's vice chairman said on Wednesday. "Before that there was no deferred letter of credit."Abdel Fattah declined to give a reason for the change.Egypt, one of the world's largest wheat importers, imports ...

Markets - Commodities - Middle East & Africa

Ivorian cocoa arrivals seen at 661,000 tonnes Dec. 20 ABIDJAN: Cocoa arrivals at ports in top grower Ivory Coast reached around 661,000 tonnes by Dec. 20 since the start of the season on Oct. 1, exporters estimated on Monday, down from 679,000 tonnes in the same period of the previous season.Exporters estimated around 69,000 tonnes of beans were delivered to the West African state's two ports of Abidjan and San Pedro between Dec. 14 to 20 down from 74,000 tonnes during the same period ...

Markets - Commodities - Middle East & Africa

Ivorian cocoa arrivals seen at 592,000 T by Dec. 13 ABIDJAN: Cocoa arrivals at ports in top grower Ivory Coast reached around 592,000 tonnes by Dec. 13 since the start of the season on Oct. 1, exporters estimated on Monday, down from 605,000 tonnes in the same period of the previous season. Exporters estimated around 58,000 tonnes of beans were delivered to the West African state's two ports of Abidjan and San Pedro between Dec. 7 and 13, down from 69,000 tonnes during the same ...