12042016Sun
Last update: Sun, 04 Dec 2016 09pm

Middle East & Africa

Markets - Commodities - Middle East & Africa

Wheat suppliers await decree before offering to Egypt's GASC ABU DHABI/CAIRO: Suppliers chose to hold off on making offers in Egypt's international purchasing tender on Thursday, saying they needed more guarantees that the country's import authorities would tolerate negligible levels of the ergot fungus in their supplies. State grain buyer GASC said earlier on Thursday it had amended its tendering booklet outlining terms and wheat specifications to allow for a 0.05 percent ergot content, a common international standard, instead of a previous absolute zero tolerance rule which had deterred suppliers. The world's largest wheat buyer is holding its first tender under the new ergot rules, having effectively cut itself off from foreign supplies by banning imports containing any trace of ergot whatsoever. Egypt is tapping the global grain market for wheat to be shipped Oct. 21-31, having failed in its three previous tenders. Ergot can cause hallucinations when consumed in large amounts but is considered harmless in low quantities. ...

Markets - Commodities - Middle East & Africa

Morocco buys 310,000 tonnes of EU soft wheat, no bids to buy durum RABAT: Morocco's grain agency ONICL said on Thursday it had bought 310,000 tonnes of European Union soft wheat under a preferential tariff agreement, while it had received no offers to buy 45,000 tonnes of durum wheat from the same origin. ONICL gave no reasons for the absence of bids for EU durum.This month, ONICL launched a tender to buy 300,000 tonnes of US soft wheat, 300,000 tonnes of EU soft and 45,000 of EU durum, ...

Markets - Commodities - Middle East & Africa

Ghana forecasts 2016/17 cocoa crop of at least 850,000 T ACCRA: Ghana, the world's number two cocoa grower, will produce about 780,000 tonnes of beans in the current season, up 11 percent from 2014/15, government sources said on Tuesday, with output set to rise in 2016/17 to at least 850,000 tonnes. The 2015/16 season is due to close at the end of this month. While production has increased compared with what some considered a failed crop of 740,000 tonnes last year, 2015/16 output will fall ...

Markets - Commodities - Middle East & Africa

Ivory Coast rain and sun boost prospects for cocoa main crop ABIDJAN: Abundant rain and sun last week in most of Ivory Coast's main cocoa growing regions will improve the yield of the October-to-March cocoa main crop, farmers said on Monday. The 2016/17 marketing season in the world's top cocoa producer is due to officially open on Oct. 1 with the start of main crop harvesting. In the western region of Soubre, at the heart of the cocoa belt, an analyst reported 79 millimetres of rainfall ...

Markets - Commodities - Middle East & Africa

Egypt's GASC confirms cancels wheat tender due to lack of offers ABU DHABI: Egypt's state grain buyer, the General Authority for Supply Commodities (GASC) confirmed on Monday it had cancelled its third consecutive tender since the country reinstated a controversial ergot fungus policy. The tender was cancelled as GASC did not receive any offers, it said. Copyright Reuters, 2016 ...

Markets - Commodities - Middle East & Africa

Battered by war, Syria's wheat crop halved this year to new low ABU DHABI/BEIRUT: Syria's wheat harvest nearly halved to 1.3 million tonnes this year, the lowest in 27 years, as fighting and poor rainfall further degraded the farming sector and the nation's ability to feed itself. The government of President Bashar al-Assad was forced to tender this summer for an unprecedented 1.35 million tonnes of imported wheat from political ally Russia to ensure supply of the flat loaves that are a staple for the Syrian people. ...

Markets - Commodities - Middle East & Africa

Wheat suppliers shun Egypt's purchase tender over ergot policy ABU DHABI: Egypt's state grain buyer, the General Authority for Supply Commodities (GASC), did not get any offers from global wheat suppliers at its purchase tender on Friday on the back of continuing worries over the country's ergot fungus policy, Cairo-based traders said. Egypt, the world's largest wheat importer, had cancelled its last wheat tender on Aug. 31 after receiving only one sale offer after it switched to a zero-tolerance policy for the common grain ...