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Middle East & Africa

Markets - Commodities - Middle East & Africa

Egypt rejects US wheat shipment, ergot decree delayed ABU DHABI: Egypt's agricultural quarantine authority rejected a 33,000-tonne US wheat shipment for containing trace levels of the common grain fungus ergot, government documents showed. Documents from the ministries of health and agriculture seen by Reuters show the shipment contained an 0.006 percent level of ergot, well below the commonly accepted international standard of 0.05 percent that Egypt's prime minister said on Tuesday his country adopts. The shipment received its first rejection on June 12, according to the document. Trading firm Venus has appealed against the decision and was hoping the cargo would be accepted after the prime minister issued a decree overturning an old agricultural quarantine law that stipulates zero ergot. Egypt's Agriculture Ministry told Reuters the decree from the Prime Minister's office has yet to be issued because of a months-old judicial order from the prosecutor banning all ergot from entering the country. "The prosecutor needs to remove ...

Markets - Commodities - Middle East & Africa

Zimbabwe to import 250,000 tonnes of maize from Mexico HARARE: Drought-hit Zimbabwean will import more than 250,000 tonnes of maize from Mexico to fill the shortfall caused by the severe drought sweeping through the southern Africa, the agriculture minister said on Thursday. Joseph Made said Zimbabwe would also import the staple crop from neighbours South Africa and Zambia, as well as from the Ukraine but did not give precise figures for these imports. Copyright Reuters, 2016 ...

Markets - Commodities - Middle East & Africa

Zambia expects copper output to double next year LUSAKA: Zambia's copper production will rise by 5.5 percent to 750,000 tonnes this year and output is expected to double to 1.5 million tonnes in 2017, Mines Minister Christopher Yaluma said on Thursday.Copper production in Africa's second-biggest producer stood at 711,515 tonnes in 2015."It has to do with mining companies trying to optimise their production. We will also maintain consistent mining policies," Yaluma told journalists on the sidelines of a mining conference.Zambia's frenzied royalty tax ...

Markets - Commodities - Middle East & Africa

Dry weather threatens Mali cotton output target of 650,000 tonnes BAMAKO: A lack of rain threatens to prevent Mali reaching its cotton production target of 650,000 tonnes in the 2016/17 season, the state-owned Malian Company for the Development of Textile (CMDT) said on Wednesday. "We are facing a rainfall deficit. June is usually a good month for the seedlings but it's not raining as it should: at this date only 47 percent of the seedlings have been produced," Ousmane Cisse, CDT's main agriculture advisor, said."The ...

Markets - Commodities - Middle East & Africa

Egypt's local wheat purchases thrown into question amid fraud allegations CAIRO/ABU DHABI: Egypt has launched a government-led recount of its wheat silos after an unusually high procurement figure spurred widespread fraud allegations from top industry officials, traders and parliamentarians. Egypt said last week that in the latest procurement season it bought nearly 5 million tonnes of local wheat from its farmers, the second highest figure on record and well above the 3-3.5 million tonnes per year farmers had delivered in the past decade. Wheat millers ...

Markets - Commodities - Middle East & Africa

Algeria buys 450,000-500,000 tonnes milling wheat for Sept shipment PARIS: Algeria's state grains agency OAIC bought around 450,000 to 500,000 tonnes of milling wheat for September shipment in a tender that closed on Tuesday, paying between $199 and $200 a tonne, including cost and freight, traders said on Wednesday. The origin of the wheat is optional but traders said the wheat was likely to come from Baltic countries due to concerns on the quality of the crop in France, Algeria's main supplier, and a ...

Markets - Commodities - Middle East & Africa

Iraq bought 80,000 tonnes rice from India in tender earlier in June HAMBURG: Iraq's state grains buyer purchased 80,000 tonnes of rice to be sourced from India in a tender which closed on June 8 which saw negotiations continue to around June 17, European traders said on Wednesday. Traders had earlier estimated the purchase at about 100,000 tonnes.The purchase involved 40,000 tonnes purchased from trading house Olam at $431 a tonne c&f free out and 40,000 tonnes bought from Amir Chand also at $431 a tonne c&f ...