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Middle East & Africa


Egypt's wheat supply sufficient to last until March 5: minister CAIRO: Egypt's wheat supply is sufficient to last the country until March 5, the supplies minister said on Saturday.Mohamed Abu Shadi said in comments published by the state news agency MENA that Egypt had imported 2.3 million tonnes of wheat during the "last period", without specifying a time frame for those purchases.Egypt's wheat storage capacity will reach 3 million tonnes once the construction of 100 government-built silos is complete, Abu Shadi said.Egypt, the world's largest importer of wheat, needs huge quantities of wheat to make flour for its bread subsidy programme.The main government wheat buying entity's most recent wheat purchase was on Thursday, when it bought 240,000 tonnes of Romanian and French wheat for shipment Dec. 1-15.The minister told Reuters in an interview shortly after the army overthrew President Mohamed Mursi in July and installed an interim government that the biggest mistake Mursi made was dramatically reducing wheat imports.Shadi told ...

Kenya tea prices ease at latest sale NAIROBI: The average price of top Kenyan tea eased to $3.57 per kg at this week's auction from $3.72 per kg last week, traders said on Wednesday. Kenya is the world's leading black tea exporter and the crop is a major foreign exchange earner in east Africa's largest economy, alongside horticulture and tourism. Africa Tea Brokers (ATB) said in a market report that Best Broke Pekoe Ones (BP1s) sold at $2.36-$4.78 per kg from $2.82-$4.62 ...
Tanzania arabica coffee prices fall as supply increases DAR ES SALAAM: Tanzania's arabica coffee prices fell at auction this week as supply increased and prices for the commodity in New York declined, regulator Tanzania Coffee Board (TCB) said on Saturday.State-run TCB said 33,713 60-kg bags were offered at the latest sale and that 28,945 bags were purchased. At the previous auction, 29,498 60-kg bags had been offered for sale and 22,722 bags sold."Overall average prices at the Moshi exchange were down by $4.31 ...
Top Kenyan tea prices slide for fourth straight week NAIROBI: The average price of top Kenyan tea edged down for the fourth straight week to $3.74 per kilogramme from $3.90 at last week's sale, market participants said on Wednesday.The east African nation is the world's largest exporter of black tea, an important source of foreign exchange for it.Africa Tea Brokers (ATB) said in a market report the Best Broke Pekoe Ones (BP1s) fetched $2.65-$4.82 per kg from $3.00-$4.80 per kg attained at last week's ...
Ghana leaves 2013/14 farmgate cocoa price unchanged at $1,560/T ACCRA: Ghana has left its farmgate purchase price for cocoa for the new 2013-14 season unchanged at 3,392 cedis ($1,560) per tonne, Deputy Finance Minister Ato Forson said on Friday.Forson said the farmgate price in the world's second biggest grower was still competitive compared with prices in neighbouring Ivory Coast, the world's top producer."Even though Ivory Coast has increased their price, Ghana's price is still higher than the price in Ivory Coast," Forson told a ...
I.Coast ups cocoa farmer price, curbs exporter competition ABIDJAN: Ivory Coast raised the minimum price payable to cocoa farmers and capped the amount exporters can pay for beans at ports on Wednesday, as the world's top grower increased state regulation ahead of a new harvest.The twin decisions, taken as Ivory Coast embarks on its second season since reintroducing price controls, aim to boost farmer incomes while preventing small exporters from being squeezed out of the market.The West African nation abandoned a decade of ...
Sudan currency falls to record low ahead of listing of fuel subsidies KHARTOUM: Sudan's currency has fallen to a record low against the dollar on the black market as people rush to change savings into hard currency ahead of a lifting of fuel subsidies expected to drive up inflation, dealers said on Saturday.There is little foreign trading in the Sudanese pound but the black market rate is a key indicator of the mood of the business elite and of ordinary people left weary by years of economic ...


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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln