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Middle East & Africa


Mali targets 800,000 T cotton per year by 2018 after output jump BAMAKO: Mali plans to produce 800,000 tonnes of unginned cotton per year by 2018 after output surged by more than a quarter in the 2014/15 season on the back of improved farm inputs, the head of the state-owned textile development firm CMDT said on Thursday. Kalfa Sanogo said final production figures for the season stood at 552,000 tonnes, compared with 440,000 tonnes the previous season. "The government increased input subsidies and lowered the price of fertilizers. This significant grant from the state gave a lot of momentum to cotton production," Sanogo told Reuters in an interview on Wednesday in Bamako. Mali, Africa's third biggest gold producer behind South Africa and Ghana, also counts cotton as one of its main exports. Sanogo said the West African nation was expecting to produce 650,000 tonnes in the 2015-2016 season, 725,000 tonnes in 2016-2017, and 800,000 tonnes in 2017-2018, according to CMDT's five-year development ...

Cameroon exports 698 T of robusta coffee in December YAOUNDE: Cameroon exported 698 tonnes of robusta coffee in December, the first month of the 2014/15 season, a sharp increase from 236 tonnes in the same month of the previous season, statistics from the National Cocoa and Coffee Board (NCCB) showed on Thursday. The data showed that there were six exporters for the month. Nealiko Enterprises exported the most with 284 tonnes, followed by Nestle Cameroun with 180 tonnes and Polis Agro Cam with 27 ...
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 ...
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 ...


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 08, 2015
Reserves $20.05 bln