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Ivory Coast set to raise farmer price on successful cocoa auctions ABIDJAN: Top cocoa producer Ivory Coast is aiming to increase its guaranteed farmer price next season after it sold forward over 1.05 million tonnes of its 2014/15 crop, a source at the West African nation's finance ministry said.The government abandoned a decade of sector liberalisation at the start of the 2012/13 season and began auctioning its anticipated crop in order to guarantee a minimum price for farmers. That price was fixed at 750 CFA francs ($1.57) per kg at the start of the country's main crop harvest in October and was maintained into the April-to-September mid-crop. "As of the end of April, we're already at over 1.05 million tonnes of export contracts sold for next season," the source told Reuters, asking not to be named. Ivory Coast had finished selling its 2013/14 cocoa crop by early January, auctioning off more than 1.45 million tonnes of beans, taking advantage of world ...

Iraq tenders to buy at least 10,000 tonnes sunflower oil BAGHDAD: Iraq issued a tender on Monday to purchase a minimum of 10,000 tonnes of sunflower oil, the trade ministry said in a statement. The tender deadline is May 26 and offers must remain valid until May 30. The oil can be sourced from any origin apart from China, the statement said. Copyright Reuters, 2014 ...
Kenya's top-grade coffee price eases at auction NAIROBI: The maximum price of Kenya's benchmark coffee grade eased to $306 per 50-kg bag at this week's auction from $338 per bag last week, the Nairobi Coffee Exchange said.The east African nation is a relatively small producer but its coffee is much sought after by global roasters to blend with coffee from other sources offering beans of a lower quality.Prices tend to fall later in the selling season once the best-quality beans have been ...
Iraq tenders to buy minimum 50,000 tonnes of wheat BAGHDAD: Iraq issued a new international tender to buy at least 50,000 tonnes of wheat to be sourced either from the United States, Canada, Australia, Ukraine or Russia, the trade ministry said on Wednesday. The tender closes on May 19 and offers must remain valid up to May 23, a statement said. Volumes in Iraq's wheat tenders are nominal and the country frequently buys more than it tenders for. Copyright Reuters, 2014 ...
Saudi Arabia buys 590,000 tonnes of hard and soft wheat ABU DHABI: Saudi Arabia bought 590,000 tonnes of hard and soft wheat in a tender for shipment periods between July 10 and August 30, the Grain Silos and Flour Mills Organisation said on Monday. It bought 475,000 tonnes of hard wheat and 115,000 tonnes of soft wheat. The accepted origins are the European Union, North and South America and Australia at the sellers' option, the GSFMO said.-ReutersCopyright Reuters, 2014 ...
Kenya's top grade coffee price slips at auction NAIROBI: The maximum price of Kenya's benchmark coffee grade fell to $338 per bag at auction from $390 at last week's sale, the Nairobi Coffee Exchange said.The east African nation is a fairly small producer but global roasters buy the crop to blend with coffee from other producers offering beans of a lower quality.Prices tend to fall later in the selling season once the best quality beans have been sold.Benchmark grade AA sold for $179-$338 ...
Ivorian cocoa arrivals seen at 1,246,000 tonnes by April 27 ABIDJAN: Cocoa arrivals at ports in top grower Ivory Coast reached around 1,246,000 tonnes by April 27, since the start of the season on October 2, exporters estimated on Monday, up from 1,130,000 tonnes in the same period of the previous season. Exporters estimated around 25,000 tonnes of beans were delivered to the West African state's two ports of Abidjan and San Pedro between April 21 and April 27, up from 15,000 tonnes during the ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln