01222017Sun
Last update: Sun, 22 Jan 2017 03pm

Middle East & Africa

Markets - Commodities - Middle East & Africa

Algeria buys at least 400,000 tonnes wheat in tender PARIS: Algeria's state grains agency OAIC bought at least 400,000 tonnes of optional-origin wheat in a tender that closed on Tuesday, European traders said on Wednesday. Prices paid ranged from $201 to $201.50 a tonne, cost and freight included, and shipment was for January, they said.OAIC does not publish details of its grain tenders and results reported by traders are estimates.The wheat was seen as likely to be sourced from the United States, Germany and the Baltic states, traders said, adding that Argentine wheat was competitively priced but may not meet Algeria's quality requirements.Copyright Reuters, 2016 ...

Markets - Commodities - Middle East & Africa

Egypt Export and Import Control body to lead wheat inspections CAIRO: Egypt's General Organization for Export and Import Control (GOEIC) will replace the quarantine as the body responsible for inspecting strategic agricultural imports, according to a new government decree, after a standoff over wheat hampered trade. The decree, issued by the prime minister and published in the official gazette on Sunday, said the GOEIC would have sole responsibility for inspecting wheat and other important agricultural goods and any such imports would require its approval. The ...

Markets - Commodities - Middle East & Africa

Ivory Coast 2015/16 season cocoa product exports down 10pc ABIDJAN: Ivory Coast exported 391,996 tonnes of semi-finished cocoa products in the 2015/16 season ending in September, down about 10 percent from the previous year, provisional port data showed on Thursday. Output from cocoa grinders fell this year in part because of poor bean quality which forced companies to slow or halt operations. The cocoa season in the world's top producer runs from October to September. Following are official figures for cocoa product exports in ...

Markets - Commodities - Middle East & Africa

Egypt's GASC receives offers for soyoil, sunflower oil tender ABU DHABI/CAIRO: The lowest offer for soyoil presented at an international purchase tender by Egypt's state buyer on Thursday was for $846.46 a tonne cost and freight, Cairo-based traders said. The lowest offer for sunflower oil was at $796.98 a tonne cost and freight, they said. Copyright Reuters, 2016 ...

Markets - Commodities - Middle East & Africa

Kenya tea production likely to jump 3.5pc in 2017 NAIROBI: Kenya is likely to produce 445 million kilos (kg) of tea in 2017, a 3.5 percent jump from expected output of 430 million kg this year, the agriculture industry regulator said on Wednesday. Kenya is the world's No. 1 exporter of black tea, which is one of Kenya's top foreign exchange earners, generating 125.25 billion shillings ($1.24 billion) in revenues in 2015. Farmers have enjoyed good harvests this year, with total output projected to ...

Markets - Commodities - Middle East & Africa

Kenya coffee output likely to rise 4.4pc in 2016/17 crop year NAIROBI: Kenya is likely to produce 47,000 metric tonnes of coffee in the 2016/17 (Oct-Sept) crop year, a rise of 4.4 percent on a year earlier as harvests from newly planted areas in the west offset the impact of dry conditions, the regulator said on Wednesday. Kenya is a small coffee producer, accounting for just 1 percent of the world's annual crop, but roasters seek out its quality arabica beans to blend them with coffee ...

Markets - Commodities - Middle East & Africa

Egypt's sugar shortage a window on economic policy confusion CAIRO/ABU DHABI: Cairo grocer Bakr Atef has stopped selling sugar since authorities seized his stocks last month, accusing him of hoarding as a growing economic crisis angers Egyptians and raises fears of street protests. "They are coming and taking any quantity they find. Even if you are selling just 10 kilos, they'll take it ... if they do this again and I lose my goods, it will shut my shop," said Atef, who insists he ...