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Last update: Tue, 03 May 2016 01pm

Middle East & Africa

Markets - Commodities - Middle East & Africa

Ivory Coast Oct-Feb cocoa product exports down 7pc ABIDJAN: Exports of semi-finished cocoa products from Ivory Coast dropped 7 percent to 179,998 tonnes from October to February compared with the same period a year earlier, provisional port data showed on Thursday. The cocoa season in the world's top producer runs from October to September. Ivory Coast has the capacity to process 706,000 tonnes of cocoa per year, which is up 50 percent since 2010, but in practice it only grinds 520,000 tonnes into finished and unfinished products. The following are official figures for cocoa product exports in tonnes, including a breakdown of cocoa powder, butter and chocolate. There was no breakdown for other cocoa derivatives. Copyright Reuters, 2016 ...

Markets - Commodities - Middle East & Africa

Ivory Coast Jan-Feb cotton exports up 15pc ABIDJAN: Cotton exports from Ivory Coast totaled 97,470 tonnes to the end of February, up more than 15 percent from the previous year, provisional port data showed on Thursday. Annual cotton output was around 400,000 tonnes before a 2002-2003 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 ...

Markets - Commodities - Middle East & Africa

Egypt's GASC receives wheat offers from six trading firms ABU DHABI/HAMBURG: Egypt's state grain buyer GASC again received offers from only six trading houses in its international wheat purchase tender on Thursday as uncertainty persists over new quality rules which have disrupted its wheat imports. GASC had also received offers from six trading companies in its previous March 16 tendering, which compares with the 15 or more offers it could normally expect to get. Egypt, the world's largest wheat importer, has seen its enormous ...

Markets - Commodities - Middle East & Africa

Morocco seeks 134,000 T of soft wheat in the local market RABAT: Morocco's state grains agency ONICL on Friday launched a tender to buy 134,000 tonnes of soft wheat from the local market. ONICL will open the bidding on Apr. 5. The soft wheat, which can be imported or from the local harvest, is destined to make subsidised flour, ONICL said. Copyright Reuters, 2016 ...

Markets - Commodities - Middle East & Africa

Egypt's GASC buys 240,000 T French, Romanian, Ukraine wheat ABU DHABI: Egypt's state grain buyer, the General Authority for Supply Commodities (GASC), said on Wednesday it bought 240,000 tonnes of wheat in a tender. Of the total, GASC purchased 120,000 tonnes of French wheat, 60,000 tonnes of Romanian wheat and 60,000 tonnes of wheat from Ukraine, GASC vice chairman Mamdouh Abdel Fattah told Reuters. The wheat was purchased at an average price of $188.86 a tonne, he said. Copyright Reuters, 2016 ...

Markets - Commodities - Middle East & Africa

Egypt's GASC targeting 4-4.5mn T of local wheat buying in 2016 CAIRO: Egypt's state grain buyer, the General Authority for Supply Commodities (GASC) aims to purchase 4-4.5 million tonnes of domestic wheat this year, GASC Vice Chairman Mamdouh Abdel Fattah told Reuters on Monday. Egypt, the world's largest wheat importer, annually fixes a local procurement price for Egyptian wheat that is above global prices in an attempt to encourage farmers to grow the crop. Last year the high local price, over $150 above the global spot ...

Markets - Commodities - Middle East & Africa

Gold output helps boost Ivory Coast mining sector in 2015 ABIDJAN: Turnover in Ivory Coast's mining sector jumped 24 percent last year, boosted by a rise in gold production even as output of other metals languished because of low commodity prices, a government spokesman said on Wednesday.Turnover hit 479 billion CFA francs ($802.09 million) in 2015, up from 385 billion CFA in 2014, while gold production rose to 23.5 million tonnes, up from 20 tonnes in 2014, government spokesman Bruno Nabagne Kone said after a ...