08302016Tue
Last update: Tue, 30 Aug 2016 04am

Middle East & Africa

Markets - Commodities - Middle East & Africa

Ivory Coast Jan-June cotton exports up 1.5pc ABIDJAN: Cotton exports from Ivory Coast totalled 282,748 tonnes to the end of June, up 1.5 percent from the previous year, provisional port data showed on Monday. Annual cotton output was about 400,000 tonnes before a 2002-03 civil war plunged the country into nearly a decade of political turmoil. Attractive prices in recent years have drawn farmers back to the sector. The main port of Abidjan is also the primary point of export for cotton produced in Ivory Coast's landlocked neighbours Mali and Burkina Faso. Copyright Reuters, 2016 ...

Markets - Commodities - Middle East & Africa

Ivorian cocoa arrivals fall 13 percent this season ABIDJAN: Cocoa arrivals at ports in top grower Ivory Coast reached around 1,434,000 tonnes by July 31, 2016, since the start of the season on October 1, 2015, exporters estimated on Monday, down 13 percent on the previous season.Around 1,645,000 tonnes of beans had arrived by this date in the same period of the previous season. Exporters estimated around 6,000 tonnes of beans were delivered to the West African state's two ports of Abidjan and ...

Markets - Commodities - Middle East & Africa

Egypt to import 700,000 T of raw sugar over a year CAIRO: Egypt will import 700,000 tonnes of raw sugar over the next year to cover the gap between local production and consumption and keep prices stable, the cabinet said in a statement on Sunday. Copyright Reuters, 2016 ...

Markets - Commodities - Middle East & Africa

Egypt's FIHC tenders to buy soyoil and sunflower oil - trade HAMBURG: Egypt's state-backed Food Industries Holding Company (FIHC) has issued an international tender to purchase up to 50,000 tonnes of crude soyoil and 15,000 tonnes of crude sunflower oil, traders said on Friday.The tender deadline is Aug. 2, they said.The oils are both sought for arrival in Egypt between Sept. 1-20, they said.Copyright Reuters, 2016 ...

Markets - Commodities - Middle East & Africa

Egypt's GASC buys 120,000 tonnes Russian, Romanian wheat ABU DHABI: Egypt's state grain buyer, the General Authority for Supply Commodities (GASC), said on Thursday it had bought 120,000 tonnes of Russian and Romanian wheat in a tender.GASC bought 60,000 tonnes of Russian wheat and 60,000 tonnes of Romanian wheat, vice chairman Ahmed Youssef said. The wheat was purchased at an average price of $177.17 a tonne cost and freight. Traders gave the following breakdown of the purchase: ADM: 60,000 tonnes of Russian wheat ...

Markets - Commodities - Middle East & Africa

Qatar, Saudi fall on Q2 earnings misses; FX troubles Egypt DUBAI: Stock markets in Qatar and Saudi Arabia were pulled lower on Wednesday by two blue-chip companies whose weak second-quarter earnings missed forecasts, while Egypt was hurt by a fresh slide of its currency in the black market.Commercial Bank of Qatar slumped 6.6 percent after it posted a 63 percent drop in second quarter net attributable profit to 212.3 million riyals ($58.3 million); analysts polled by Reuters had forecast 339.5 million riyals.Other Qatari banks also ...

Markets - Commodities - Middle East & Africa

Syria buys 200,000 tonnes Russian wheat in tender HAMBURG: Syria's state grain import agency bought 200,000 tonnes of soft Russian wheat in a tender which closed on Monday, a government source said on Wednesday.The wheat was purchased at 164.31 euros ($180.51) a tonne c&f free out to Syrian ports, the source and European traders said.The agency, the General Organisation for Cereal Processing and Trade (Hoboob), sought the wheat for shipment in August and September.The purchase was made from a Middle East-based trading firm.The ...