09262016Mon
Last update: Mon, 26 Sep 2016 06am

Middle East & Africa

Markets - Commodities - Middle East & Africa

Egypt's Supply Minister confirms Ahmed Youssef as new GASC vice chairman CAIRO: Egypt's Supply Minister confirmed on Sunday the appointment of Ahmed Youssef as the new vice chairman of state wheat importing body GASC. Khaled Hanafi had mentioned Youssef's appointment to Reuters after having said earlier on Sunday he was the top candidate for the job. Copyright Reuters, 2016 ...

Markets - Commodities - Middle East & Africa

Egypt appoints new top wheat buyer as confusion over imports lingers CAIRO: Egypt appointed a new head on Sunday for its state wheat-importing body - one of the most influential positions in the global wheat market - as it remains mired in a dispute over the quality of grain it will buy. Minister of Supply Khaled Hanafi told Reuters Ahmed Youssef has been formally appointed as the new vice chairman of the General Authority for Supply Commodities (GASC), having said earlier on Sunday that he was ...

Markets - Commodities - Middle East & Africa

Ivorian government to reduce export taxes for cocoa products ABIDJAN: The Ivorian government has announced reduced export taxes for cocoa products in a bid to encourage production and processing in the West African country. Taxes on exports of cocoa butter will fall to 11 percent from 14.6 percent and taxes on cocoa mass will drop to 13.2 percent from 14.6 percent, the government said. The export tax on cocoa powder will fall to 9.6 percent from 14.6 percent.Also, trading houses such as Cocoa Barry, ...

Markets - Commodities - Middle East & Africa

Kenya tea growers say hampered by high labour costs NAIROBI: Kenyan tea farming is being weighed down by rising labour costs that could discourage investments and hurt the economy, the Kenya Tea Growers Association (KTGA) said on Wednesday. The East African nation is the world's No. 1 exporter of black tea and the crop is its top foreign exchange earner. It earned 125.25 billion shillings ($1.24 billion) from tea exports last year.KTGA said labour costs, which represent about half of the cost of production ...

Markets - Commodities - Middle East & Africa

Uganda's May coffee exports up 9pc from a year earlier KAMPALA: Uganda's coffee exports last month rose by 8.9 percent compared with shipments in the same period last year, state-run sector regulator Uganda Coffee Development Authority (UCDA) said in a report. UCDA did not give a reason for the surge in shipments. Exports of the beans in May reached 286,758 60-kg bags, up from 263,330 bags shipped in the same period last year. Copyright Reuters, 2016 ...

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, ...

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 ...