09302016Fri
Last update: Fri, 30 Sep 2016 04pm

Middle East & Africa

Markets - Commodities - Middle East & Africa

Egypt's GASC says buys 60,000 tonnes Russian wheat DUBAI: Egypt's state grain buyer, the General Authority for Supply Commodities (GASC), said on Tuesday it had bought 60,000 tonnes of Russian wheat in a tender. The wheat, which is for Sept. 11-20 shipment, was purchased at an average price of $177.09 a tonne cost and freight, vice chairman Ahmed Youssef said. Traders gave the following breakdown of the purchase: Midgulf: 60,000 tonnes of Russian wheat at $168.90 a tonne free-on-board and $8.19 a tonne freight, equating to $177.09 a tonne cost and freight (C&F). Copyright Reuters, 2016 ...

Markets - Commodities - Middle East & Africa

Egypt's FIHC buys soyoil and sunoil in tender CAIRO: Egypt's state-backed Food Industries Holding Company (FIHC) has purchased 30,000 tonnes of crude soyoil and 30,000 tonnes of crude sunflower oil in an international tender which closed on Tuesday, traders said. FIHC bought 30,000 tonnes of soyoil at $758 a tonne c&f from ADM, they said.For sunflower oil, it purchased one 15,000 tonne consignment from Glencore at $774 a tonne c&f and another 15,000 tonnes at $777.77 a tonne c&f from Nidera, they said.All ...

Markets - Commodities - Middle East & Africa

Egypt's GASC says seeks wheat for Sept. 11-20 shipment ABU DHABI: Egypt's General Authority for Supply Commodities (GASC) set a tender on Monday to buy an unspecified amount of wheat from global suppliers for shipment from Sept. 11-20. Ahmed Youssef, vice chairman of GASC, said the authority is seeking to buy cargoes of soft and/or milling wheat from the United States, Canada, Australia, France, Germany, Poland, Argentina, Russia, Kazakhstan, Ukraine, Romania and Bulgaria. Tenders should reach GASC by noon (1000 GMT) on Tuesday. The ...

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 ...

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 ...