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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 ministry said last month that Vietnam's rice exports in 2014 were expected to have dipped slightly to an estimated 6.53 million tonnes, putting the Southeast Asian country far behind top exporters Thailand and India. Copyright Reuters, 2015 ...

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 ...
Uganda Nov coffee exports down 17pc yr/yr in Nov KAMPALA: Uganda's coffee exports fell 17 percent to 219,948 60-kg bags in November compared with the same month a year ago, a source at the Uganda Coffee Development Authority (UCDA) said on Tuesday. The source said UCDA forecast that December exports will also fall to 240,000 bags from 257,976 bags shipped in the same month in 2013, with the drop attributed to a gradual peaking of the coffee harvest in central and eastern Uganda. The ...
Iraq buys 200,000 tonnes hard wheat from Canada, US Australia HAMBURG: Iraq's state grains board has purchased 200,000 tonnes of hard wheat to be sourced from Canada, the United States and Australia in an international tender for at least 50,000 tonnes, European traders said on Monday.The purchased comprised 100,000 tonnes of Canadian wheat, 50,000 tonnes of US wheat and 50,000 tonnes of Australian wheat, they said.Copyright Reuters, 2014 ...
Egypt says deal to import 120,000 T Russian wheat in Jan to be met CAIRO: Russian officials have assured Egypt that deals to import 120,000 tonnes of wheat for delivery in January will be met, the state Al-Ahram newspaper quoted Egypt's supplies minister, Khaled Hanafi, as saying on Friday. It said Hanafi called Russian officials from China, where he is accompanying the president on an official visit, and was told Egypt's deals would not be disrupted by planned export curbs, after confusion over the reach and timing of the ...
Egypt's sufficient wheat supply sufficient to last until late April CAIRO: Egypt has sufficient wheat supply to last until late April, just after the government will begin buying wheat from the local harvest, the supplies minister said in a statement on Sunday.Khaled Hanafi said the government would start procuring wheat from local farmers in mid-April. He said the state would pay farmers 420 Egyptian pounds ($59) per ardeb, the equivalent of around 150 kg. That is the same price it paid last year.The local price ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln