07252016Mon
Last update: Mon, 25 Jul 2016 05am

Middle East & Africa

Markets - Commodities - Middle East & Africa

Saudi Arabia seeking to buy 300,000 tonnes hard wheat DUBAI: Saudi Arabia's main state grain agency, the Saudi Grains Organization (SAGO) said on Thursday it was seeking to buy 300,000 tonnes of hard wheat in a tender. The wheat should contain 12.5 percent protein and will be for shipment from Sept. 1-30, SAGO said in a statement.The deadline for offers is Friday, it said.Of the total, 180,000 tonnes will be for shipment to the port of Jeddah and 120,000 tonnes to the port of Dammam.Saudi Arabia has become a major importer of hard and soft wheat since abandoning plans for self-sufficiency in 2008 because farming in the desert drained scarce water supplies. It halted purchases of locally grown wheat this year.The tender is the third to be announced in 2016.Copyright Reuters, 2016 ...

Markets - Commodities - Middle East & Africa

All but one Lebanese wheat import samples pass test BEIRUT: All wheat import samples tested by Lebanon's public prosecutor met required standards except one that contained a higher-than-permitted level of the carcinogen ochratoxin, the government said on Monday. The public prosecutor's office conducted the tests on an unspecified number of samples from the port of Beirut after Ministry of Public Health checks in March found a contaminated batch of wheat. Those tests prompted disagreement with the Economy Ministry, which said it had found no ...

Markets - Commodities - Middle East & Africa

Abundant Ivory Coast rains continue for end of cocoa mid-crop ABIDJAN: Abundant rain and sun last week in Ivory Coast's cocoa growing regions helped many flowers turn into small pods at the end of the April-to-September mid-crop, farmers said on Monday. The rains were largely welcome for farmers in the world's top cocoa producer, where a long dry season this year lowered expectations for the current mid-crop, although some said the downpours could be too much too soon.Ivory Coast's rainy season lasts until the end ...

Markets - Commodities - Middle East & Africa

Iran bought 3.6 million tonnes of wheat from domestic farmers DUBAI: Iran has bought 3.6 million tonnes of wheat from domestic farmers this year in state-sponsored purchases, the deputy minister of agriculture said on Monday, an almost 25 percent increase from the same period last year. The state news agency IRNA quoted Ali Ghanbari, who is also the chairman of the Government Trading Corporation (GTC), as saying that by mid-July last year, Iran had bought 2.9 million tonnes of wheat from Iranian farmers. Copyright Reuters, ...

Markets - Commodities - Middle East & Africa

Iran to ban rice imports from July 21 DUBAI: Iran will ban rice imports from July 21, the agriculture minister was quoted as saying by the Tasnim news agency on Monday, aiming to protect domestic farmers during their harvest. Mahmoud Hojjati said Iran has imported 191,000 tonnes of rice this year, noting imports are already down from previous years. Copyright Reuters, 2016 ...

Markets - Commodities - Middle East & Africa

Ivorian cocoa arrivals down about 9pc so far this season DAKAR: Cocoa arrivals at ports in top grower Ivory Coast reached around 1,354,000 tonnes by June 12 since the start of the season on Oct. 1, 2015, exporters estimated on Monday, down from 1,493,000 tonnes in the same period of the previous season.However, exporters estimated around 28,000 tonnes of beans were delivered to the West African state's two ports of Abidjan and San Pedro between June 1 and June 5, up from 24,000 tonnes during ...

Markets - Commodities - Middle East & Africa

Egypt's strategic stock of sugar enough for a year CAIRO: Egypt's strategic stocks of sugar are enough to cover the country's needs for the next year, Supplies Minister Khaled Hanafi said on Sunday. His statement followed the first meeting of a newly-established sugar committee that has been asked by the government to come up with a strategy to develop the sector and keep down costs. Copyright Reuters, 2016 ...