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Ivory Coast tops up cocoa reserve fund to $83mn ABIDJAN: Ivory Coast, the world's top cocoa grower, has topped up a reserve fund to protect against world price fluctuations to 40 billion CFA francs ($83.33 million), a government document showed. The West African nation abandoned a decade of sector liberalisation last season and now sells forward the bulk of its anticipated harvest in order to guarantee a minimum price for growers as part of efforts to improve their incomes. The fund reached 56 billion CFA last year, but the government used some of the money to prop up last season's April-to-September mid-crop price for farmers. "The reserve fund was recharged by the government up to a level of 40 billion CFA as planned," said the document, signed by finance and agriculture ministers and dated Feb. 9. The fund was initially meant to be financed by exporters via a 5 percent tax on the cost-insurance-freight price of cocoa. However the ...

South African platinum firms to meet mediators JOHANNESBURG: Top global platinum producers in South Africa this week will meet independent mediators to discuss a two-week wage strike, according to the union whose 80,000 workers have downed tools.Earlier talks led by the Commission for Conciliation, Mediation and Arbitration (CCMA) adjourned last week after the firms said they had reached "no settlement" with negotiators of the radical Association of Mineworkers and Construction Union (AMCU)."CCMA will be meeting the employers on Tuesday alone," AMCU president ...
Mediterranean refineries seen winning white sugar trade to Syria DUBAI: Mediterranean refineries are winning business to ship white sugar to Syria, Jamal Al Ghurair, managing director of the Al Khaleej Dubai sugar refinery, said on Sunday. "We can sell sugar to Syria, but it is more competitive from the Med refiners to bring sugar to the Syrian market than from Dubai," Al Ghurair told Reuters in an interview on the sidelines of the Feb. 8-11 Platts Kingsman sugar conference. Ghurair said the main refineries ...
Ivory Coast forward cocoa sales for 2013/14 reach 1.45mn tonnes ABIDJAN: Ivory Coast, the world's top grower of cocoa, has sold its entire 2013/14 crop in forward sales, or more than 1.45 million tonnes, a source in the finance ministry said. "We are currently at more than 1.45 million tonnes already sold and we are focusing our efforts on sales for next season," the source said.Copyright Reuters, 2014 ...
Saudi Arabia says buys 715,000 tonnes of wheat in tender ABU DHABI: Saudi Arabia bought 715,000 tonnes of wheat in a tender for shipment periods between April and June, the Grain Silos and Flour Mills Organisation said on Monday. It bought 595,000 tonnes of hard wheat with minimum protein of 12.5 percent and 120,000 tonnes of soft wheat with minimum protein of 11 percent. The accepted origins are from Europe, North and South America and Australia, at the sellers' option, the GSFMO said. Of the ...
Iraq issues tender for at least 30,000 tonnes rice BAGHDAD: Iraq issued a tender to buy at least 30,000 tonnes of rice, from long-grain supplies which can be sourced from the United States, Uruguay, Argentina and Brazil, a trade ministry statement said on Sunday. The closing date for the tender is Feb. 2, and offers must stay valid until Feb. 6. Copyright Reuters, 2014 ...
South Africa 2013 RBCT coal exports at 70.2 million tonnes JOHANNESBURG: South Africa exported 70.2 million tonnes of coal from the Richards Bay Coal Terminal in 2013, up from 68.3 million tonnes the previous year, data showed on Tuesday. Exports in December were 6.8 million tonnes, compared to 6.2 million tonnes the previous month. Africa's biggest economy - a major exporter of coal to power stations in Europe and Asia - had 3.1 million tonnes of coal stocks at the terminal at the end of ...

 



 
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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