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Egypt has bought about 3.5mn tonnes of local wheat CAIRO: Egypt, the world's biggest wheat importer, has bought about 3.5 million tonnes of local wheat from farmers since the harvest began last month, state media reported on Friday.The government wants to buy more of the local crop to cut its food imports bill and is aiming to buy 4.4 million tonnes of local wheat in the harvest that ends next month. Supplies Minister Khaled Hanafi was quoted by state-run al-Ahram newspaper's website as saying the country's strategic wheat reserves were enough for the coming six months. Local wheat purchases to date represent a 40 percent increase over the same period last year, he said.The government is billing its effort to increase local wheat purchases as part of a plan to boost self-sufficiency in the strategic sector. The Supplies Ministry set a local price this year exceeding what Egypt pays in international markets by more than $100 a tonnes as ...

Egypt could revise wheat import rules, raises hope for French supply ABU DHABI: Egypt, one of the world's largest wheat importers, is studying changes to its wheat import specifications, including potentially relaxing a tough moisture content rule that has locked out French grain since its introduction in January.Egypt exerts a strong influence over the global wheat market with its imports of 10 million tonnes per year, split more or less equally between Egypt's main state-buyer, the General Authority of Supply Commodities (GASC) and private importers.France is ...
Egypt's GASC says could revise wheat import specifications ABU DHABI: Egypt, one of the world's largest wheat importers, said on Wednesday it was studying changes to its wheat import specifications to ease the process.Mamdouh Abdel Fattah, vice chairman of the General Authority of Supply Commodities (GASC), said all conditions would be reviewed, including wheat moisture content which is currently set at a maximum of 13 percent. "The main aim is to make the process of importing wheat easier," Abdel Fattah told Reuters over ...
Kenya top tea prices creep up at auction NAIROBI: The highest price for top-grade Kenyan tea edged up to $3.08 per kg at this week's auction from $3.06 per kg at last week's sale, Tea Brokers East Africa said on Wednesday.Kenya is the world's leading exporter of black tea. The crop is a top foreign exchange earner for east Africa's largest economy, together with horticultural products and tourism.Prices for Best Broken Pekoe Ones (BP1s) fetched $2.18-$3.08 per kg at the sale held on ...
Cameroon cocoa exports reach 146,417 T by end-April YAOUNDE: Cameroon had exported 146,417 tonnes of cocoa beans by end-April since the start of the 2013/14 season in August, down from 199,147 tonnes during the same period the previous season, according to National Cocoa and Coffee Board (NCCB) data. The world's fifth largest cocoa producer shipped 3,043 tonnes of beans in April, down from 3,207 tonnes in March and 5,849 tonnes in the same month a year ago, the data showed. The NCCB said ...
Top Kenyan tea price rises at latest auction NAIROBI: The highest price for top grade Kenyan tea rose to $3.06 per kg at this week's auction compared with $2.90 per kg at last week's sale, Tea Brokers East Africa said on Wednesday. Kenya is the world's leading exporter of black tea.The crop is a top foreign exchange earner for east Africa's largest economy, together with horticultural products and tourism. Prices for Best Broken Pekoe Ones (BP1s) fetched $2.10-$3.06 per kg at the sale ...
Egypt buys 2.5mn tonnes of local wheat CAIRO: Egypt, the world's biggest wheat importer, has bought 2.5 million tonnes of local wheat since last month, more than half its target this year in a procurement season that lasts until mid-July, state media reported on Saturday.The price paid to local farmers per Egyptian ardeb, the equivalent of around 150 kg, has been 420 Egyptian pounds ($59.53), Supplies Minister Khaled Hanafi was quoted as saying by state-run newspaper Al Gomhuriya.Last year the government raised ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln