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Middle East & Africa


Tanzania's top grade arabica coffee prices ease despite tight supply DAR ES SALAAM: The average prices of Tanzania's top grade arabica coffee fell at auction despite tight supply, taking a cue from lower prices at the New York market, the regulator Tanzania Coffee Board (TCB) said on Thursday.The east African nation, which ranks behind Ethiopia, Uganda and Ivory Coast in output, produces mainly arabica and a bit of robusta coffee. Prices of its arabica normally track the New York market while those of robusta take their cue from London.The average price for top grade arabica coffee was $189.84 per bag at the auction held last week, down from $191 previously, the TCB said in an auction report."Overall average prices at the Moshi exchange were down by $2.2 per 50 kg for mild arabica compared to the last auction," state-run TCB said. Copyright Reuters, 2014 ...

Nicaragua coffee exports fall 6.4pc in November MANAGUA: Coffee exports from Nicaragua dipped 6.4 percent in November compared to the same month last year to total 31,668 60-kg bags, the national export center Cetrex said on Wednesday. Shipments during the first two months of the current 2014-15 harvesting season totaled 130,464 bags, a rise of 77.3 percent compared to the same two-month period during the previous 2013-14 season. The coffee season in Central America and Mexico, which together produce about a fifth ...
Jordan tenders to buy 100,000 tonnes hard wheat HAMBURG: Jordan's state grain buyer has issued an international tender to purchase 100,000 tonnes of hard milling wheat which can be sourced from optional origins, European traders said on Monday.The tender closes on Dec. 10, they said. The wheat was sought in a range of shipment combinations in 50,000 tonne consignments between June 1 and July 31 2015, traders said.The wheat should be sourced from the 2014 or 2015 crop years, they said.In its last ...
Ivorian cocoa arrivals seen at 474,000 T by November 30 ABIDJAN: Cocoa arrivals at ports in top grower Ivory Coast reached around 474,000 tonnes by Nov. 30 since the start of the season on Oct. 1, exporters estimated on Monday, down from 522,000 tonnes in the same period of the previous season.Exporters estimated around 66,000 tonnes of beans were delivered to the West African state's two ports of Abidjan and San Pedro between Nov. 24 and Nov. 30, down from 102,000 tonnes last year.Copyright Reuters, ...
Uganda coffee exports rise 9pc KAMPALA: Uganda coffee exports for October rose by 9 percent to 229,438 60-kg bags of coffee compared with the same month a year ago, an industry body said on Wednesday, reversing a pattern of lower exports this year.Shipments in October fetched $30.7 million compared with $22.7 million earned in the same month a year ago, the Uganda Coffee Development Authority source said.David Muwonge, head of marketing and production at the National Union of Coffee Agribusinesses ...
Saudi Arabia buys 345,000 tonnes of hard wheat DUBAI: Saudi Arabia bought 345,000 tonnes of hard wheat (12.5 percent protein minimum) for delivery between February-March 2015, its Grain Silos and Flour Mills Organisation (GSFMO) said on Monday.The shipment will be sent to the kingdom's ports in Jeddah and Dammam.Copyright Reuters, 2014 ...
South Africa's Gold Fields Q3 dips on lower South Deep output JOHANNESBURG: South African bullion producer Gold Fields posted a 6 percent drop in third-quarter earnings on Thursday after its flagship South Deep mine saw an 18 percent decline in production as upgrades continued.Adjusted headline earnings per share in the three months to end-September totalled 23.1 cents per share from 24.6 cents in the previous quarter.Copyright Reuters, 2014 ...


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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 $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln