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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 state imports of wheat in the next year to between 4 million and 4.5 million tonnes provided reforms to its bread subsidy programme continue to reduce consumption.Copyright Reuters, 2015 ...

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 ...
Egypt says wheat stocks enough to last until early May CAIRO: Egypt's stock of wheat for its subsidised bread programme will last until the first week of May, well into the start of the local harvest, after it bought 180,000 tonnes this week, Supplies Minister Khaled Hanafi said on Friday.Hanafi said in a statement he expected new silos to come into use in March, in time to receive the local harvest and secure strategic reserves until October.Egypt, the world's largest wheat importer, said on Thursday ...
Tunisia tenders to buy 117,000 T wheat, 50,000 T barley: trade HAMBURG: Tunisia's state grains agency has issued an international tender to purchase up to 117,000 tonnes of soft milling wheat and 50,000 tonnes of feed barley, European traders said on Tuesday.The origin is optional and the deadline is Jan. 7, traders said.Both grains were sought for a range of shipment dates between February and March depending on origin, they said.In its last reported tender on Dec. 18, 2014, Tunisia's state grains agency purchased 42,000 tonnes ...
Uganda Nov coffee exports down 17pc yr/yr in Nov KAMPALA: Uganda's coffee exports fell 17 percent to 219,948 60-kg bags in November compared with the same month a year ago, a source at the Uganda Coffee Development Authority (UCDA) said on Tuesday. The source said UCDA forecast that December exports will also fall to 240,000 bags from 257,976 bags shipped in the same month in 2013, with the drop attributed to a gradual peaking of the coffee harvest in central and eastern Uganda. The ...
Iraq buys 200,000 tonnes hard wheat from Canada, US Australia HAMBURG: Iraq's state grains board has purchased 200,000 tonnes of hard wheat to be sourced from Canada, the United States and Australia in an international tender for at least 50,000 tonnes, European traders said on Monday.The purchased comprised 100,000 tonnes of Canadian wheat, 50,000 tonnes of US wheat and 50,000 tonnes of Australian wheat, they said.Copyright Reuters, 2014 ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJune 25, 2015
Reserves $17.457 bln