09292016Thu
Last update: Thu, 29 Sep 2016 08am

Middle East & Africa

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 for its members, were set to rise in line with a labour court ruling earlier this month, increasing productioncosts by another 9 percent amid a decline in tea prices."Such wage increases clearly jeopardise the tea industry's future sustainability," KTGA said in a statement published in the local Daily Nation newspaper."Investment in the tea sector will reduce," it said.The union representing tea pickers was not immediately available for comment.The government is eliminating and cutting numerous taxes ...

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 ...

Markets - Commodities - Middle East & Africa

Zambia expects copper output to double next year LUSAKA: Zambia's copper production will rise by 5.5 percent to 750,000 tonnes this year and output is expected to double to 1.5 million tonnes in 2017, Mines Minister Christopher Yaluma said on Thursday.Copper production in Africa's second-biggest producer stood at 711,515 tonnes in 2015."It has to do with mining companies trying to optimise their production. We will also maintain consistent mining policies," Yaluma told journalists on the sidelines of a mining conference.Zambia's frenzied royalty tax ...

Markets - Commodities - Middle East & Africa

Dry weather threatens Mali cotton output target of 650,000 tonnes BAMAKO: A lack of rain threatens to prevent Mali reaching its cotton production target of 650,000 tonnes in the 2016/17 season, the state-owned Malian Company for the Development of Textile (CMDT) said on Wednesday. "We are facing a rainfall deficit. June is usually a good month for the seedlings but it's not raining as it should: at this date only 47 percent of the seedlings have been produced," Ousmane Cisse, CDT's main agriculture advisor, said."The ...

Markets - Commodities - Middle East & Africa

Egypt's local wheat purchases thrown into question amid fraud allegations CAIRO/ABU DHABI: Egypt has launched a government-led recount of its wheat silos after an unusually high procurement figure spurred widespread fraud allegations from top industry officials, traders and parliamentarians. Egypt said last week that in the latest procurement season it bought nearly 5 million tonnes of local wheat from its farmers, the second highest figure on record and well above the 3-3.5 million tonnes per year farmers had delivered in the past decade. Wheat millers ...