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Egypt estimates local wheat crop at 9mn tonnes CAIRO: Egypt estimates its local wheat crop at 9 million tonnes, according to a state newspaper that cited a government report, lower than the 9.5 million tonnes the Agriculture Minister had predicted.Traders surveyed in a Reuters poll estimated this year's crop at around 7 million tonnes, in line with the previous harvest. The government's estimates are consistently below those of private traders.Egypt, the world's biggest wheat importer, is aiming to boost domestic production in an effort to cut its import bill. The state and private buyers purchase around 10 million tonnes from abroad annually.Some 3.2 million feddans (1.34 million hectares) of land had been planted with the strategic crop this year, the official Al-Ahram newspaper said on its website, citing a report by the Agriculture Ministry and the State Ministry for Scientific Research.The government began buying wheat from local farmers last week during a harvest season that runs through June. ...

Uganda coffee exports up 12pc yr/yr in March KAMPALA: Uganda's coffee exports in March rose by 11.9 percent year-on-year to 348,423 60-kg bags, helped by end-of-season stockpile clearance, a source at the state agency said on Friday."We're soon moving into a new season... perhaps most exporters wanted to clear out their stores so they have more room to accommodate the new crop," said a source at the state-run Uganda Coffee Development Authority (UCDA). Harvest season is now at the tail end in central ...
Mali gives gold permits to five mining firms: government official BAMAKO: Mali has granted gold permits to five companies to operate and extract from gold mines with total reserves of 9.7 million ounces, a senior official in the ministry of mines told Reuters on Thursday.The companies given permits are Papillon Resources, Robex Resources, New Gold Mali SA, Glencar Mining and Etruscan Resources, Hassimi Sidib?, technical advisor in the ministry, said.Mali is Africa's third largest gold producer. Copyright Reuters, 2014 ...
Iraq issues tender for at least 30,000 tonnes rice BAGHDAD: Iraq issued a tender to buy a minimum of 30,000 tonnes of rice, with long-grain supplies coming from the United States, Uruguay, Argentina, or Brazil, a trade ministry statement said on Monday. The tender is also seeking fragrant and parboiled rice from Thailand or Vietnam, the statement said. The closing date for the tender is April 20 and offers must be valid until April 24. Volumes in Iraq's rice tenders are nominal and the ...
Ivorian cocoa fetches strong premiums as demand booms ABIDJAN: Cocoa beans in some parts of Ivory Coast are selling at more than a 100 CFA franc premium to the minimum farmgate price, farmers and exporters said, as grinders and exporters rush to secure high-quality stocks.The mid-crop marketing season in Ivory Coast, the world's top cocoa producer, started on April 1. Last week, the government maintained the guaranteed minimum cocoa farmgate price at 750 CFA francs ($1.57) per kilogramme.A purchasing manager at an Abidjan-based ...
Kenya's average tea price down by a quarter in December NAIROBI: The average price of Kenyan tea was down by a quarter in December to $2.46 per kg from the same month a year earlier, the industry regulator said on Thursday. The Tea Board of Kenya said production of the crop, which is one of the country's top foreign exchange earners, edged up to 41.7 million kg from 41.4 million kg in December 2012.The average price for a kg of tea during the calendar year ...
South Africa's rand holds steady against weakened dollar JOHANNESBURG: South Africa's rand held within a recent range against the dollar on Tuesday as concerns about economic growth in the United States knocked the greenback off its recent highs. The dollar was pressured by disappointing manufacturing data in the previous session that raised fears about growth in the world's largest economy.The rand was at 10.8250 to the dollar at 0656 GMT, firming slightly from Monday's close but remaining within its trading levels. "Global markets ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln