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Saudi Arabia says seeks 660,000 tonnes of wheat in tender ABU DHABI: Saudi Arabia's state grain buyer, the Grain Silos and Flour Mills Organization (GSFMO), said on Thursday it was seeking 660,000 tonnes of hard wheat in a tender.The wheat, with 12.5 percent protein content, is for shipment during April and May, GSFMO said in a statement.The wheat will be purchased in shipments of 55,000 tonnes with a total 330,000 tonnes to be imported via the port of Jeddah and 330,000 tonnes via Dammam, the statement said.In its last reported tender on Nov. 24, GSFMO bought 345,000 tonnes of hard wheat, with accepted origins the European Union, North and South America and Australia, at the seller's option.Saudi Arabia has become a major importer of hard and soft wheat since abandoning plans for self-sufficiency in wheat in 2008 as farming in the desert drained away precious water supplies.The country aims to steadily reduce agriculture and plans to be completely reliant on ...

Burkina Faso 2014/15 cotton harvest seen just under 700,000 T OUAGADOUGOU: Burkina Faso expects a cotton harvest of just under 700,000 tonnes during the 2014/15 season, up from the last year's 650,000 tonnes but revised down from an initial target, firms operating in the country estimated on Monday. The figure is about 100,000 tonnes below a target set last year for the 2014/15 harvest due to poor rains at the beginning of the season in the land-locked West African nation. SOFITEX, the country's biggest cotton ...
Mali targets 800,000 T cotton per year by 2018 after output jump BAMAKO: Mali plans to produce 800,000 tonnes of unginned cotton per year by 2018 after output surged by more than a quarter in the 2014/15 season on the back of improved farm inputs, the head of the state-owned textile development firm CMDT said on Thursday. Kalfa Sanogo said final production figures for the season stood at 552,000 tonnes, compared with 440,000 tonnes the previous season. "The government increased input subsidies and lowered the price of ...
Cameroon exports 698 T of robusta coffee in December YAOUNDE: Cameroon exported 698 tonnes of robusta coffee in December, the first month of the 2014/15 season, a sharp increase from 236 tonnes in the same month of the previous season, statistics from the National Cocoa and Coffee Board (NCCB) showed on Thursday. The data showed that there were six exporters for the month. Nealiko Enterprises exported the most with 284 tonnes, followed by Nestle Cameroun with 180 tonnes and Polis Agro Cam with 27 ...
Egypt has enough wheat until mid-May CAIRO: Egypt's stock of wheat for its subsidised bread programme will last until the middle of May, Supplies Minister Khaled Hanafi said in a statement on Saturday.Egypt has bought at least 3.085 million tonnes of wheat on the international market since July 1, the start of the fiscal year.It purchased 5.46 million tonnes of wheat from overseas in the 2013-2014 fiscal year in addition to 3.7 million tonnes of local wheat.The country aims to cut ...
Egypt's GASC buys 240,000 tonnes French wheat ABU DHABI: Egypt's state grain buyer, the General Authority for Supply Commodities (GASC), said on Thursday it had bought 240,000 tonnes of French wheat in a tender for shipment Feb. 19-28. Egypt, the world's biggest importer of wheat, bought 60,000 tonnes from Cargill, 60,000 tonnes from Granit, 60,000 tonnes from Lecureur and 60,000 tonnes from Soufflet, Mamdouh Abdel Fattah, GASC vice chairman, said. The wheat was purchased at an average price of $256.10 a tonne ...
Vietnam cuts rice export floor price to $360 per tonne HANOI: Vietnam has lowered its floor price for exports of 25 percent broken rice by 5.3 percent to $360 a tonne amid thin demand for the commodity in the world's second-largest exporter.The floor, set by the Vietnam Food Association, will come into effect on Jan. 12, according to a statement from the association to traders seen by Reuters on Friday.The previous floor for the grade was set at $380 a tonne in late November.The agriculture ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln