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Kenya's top-grade coffee price eases at auction NAIROBI: The maximum price of Kenya's benchmark coffee grade eased to $306 per 50-kg bag at this week's auction from $338 per bag last week, the Nairobi Coffee Exchange said.The east African nation is a relatively small producer but its coffee is much sought after by global roasters to blend with coffee from other sources offering beans of a lower quality.Prices tend to fall later in the selling season once the best-quality beans have been sold.Benchmark grade AA fetched $305-$306 per bag, from $179-$338 last week.Grade AB coffee sold at $205-$270 per bag compared with $201-$276 per bag last week, the coffee exchange said.The NCE said 22,731 bags were offered for sale, with 4,254 bags sold, fetching $967,857 at an average $187.80 per bag.Last week, some 23,800 bags were offered for sale and 2,958 were bought, fetching a total of $691,384, with an average price per bag of $192.71.Kenya's main ...

Iraq tenders to buy minimum 50,000 tonnes of wheat BAGHDAD: Iraq issued a new international tender to buy at least 50,000 tonnes of wheat to be sourced either from the United States, Canada, Australia, Ukraine or Russia, the trade ministry said on Wednesday. The tender closes on May 19 and offers must remain valid up to May 23, a statement said. Volumes in Iraq's wheat tenders are nominal and the country frequently buys more than it tenders for. Copyright Reuters, 2014 ...
Saudi Arabia buys 590,000 tonnes of hard and soft wheat ABU DHABI: Saudi Arabia bought 590,000 tonnes of hard and soft wheat in a tender for shipment periods between July 10 and August 30, the Grain Silos and Flour Mills Organisation said on Monday. It bought 475,000 tonnes of hard wheat and 115,000 tonnes of soft wheat. The accepted origins are the European Union, North and South America and Australia at the sellers' option, the GSFMO said.-ReutersCopyright Reuters, 2014 ...
Kenya's top grade coffee price slips at auction NAIROBI: The maximum price of Kenya's benchmark coffee grade fell to $338 per bag at auction from $390 at last week's sale, the Nairobi Coffee Exchange said.The east African nation is a fairly small producer but global roasters buy the crop to blend with coffee from other producers offering beans of a lower quality.Prices tend to fall later in the selling season once the best quality beans have been sold.Benchmark grade AA sold for $179-$338 ...
Ivorian cocoa arrivals seen at 1,246,000 tonnes by April 27 ABIDJAN: Cocoa arrivals at ports in top grower Ivory Coast reached around 1,246,000 tonnes by April 27, since the start of the season on October 2, exporters estimated on Monday, up from 1,130,000 tonnes in the same period of the previous season. Exporters estimated around 25,000 tonnes of beans were delivered to the West African state's two ports of Abidjan and San Pedro between April 21 and April 27, up from 15,000 tonnes during the ...
Ivory Coast lifts cocoa and coffee export ban on Ecom unit ABIDJAN: Top cocoa grower Ivory Coast has reinstated the export licence of Swiss agricultural trader Ecom Agroindustrial Corp Ltd's local unit, rescinding a ban imposed in a dispute over farmer bonuses, a document from the marketing board showed.The Coffee and Cocoa Council, CCC, imposed the suspension, which also barred Ecom subsidiary ZAMACOM from participating in cocoa auctions, on Feb. 4.Several farmer cooperatives had complained to the CCC that ZAMACOM owed them premium payments for certified ...
Kenya's top grade coffee price stable at $390 per bag NAIROBI: The maximum price of Kenya's benchmark coffee grade was unchanged at $390 per bag at this week's sale, the Nairobi Coffee Exchange said.The east African nation is a fairly small producer of the beans but global roasters usually buy the crop, to blend with coffee from other producers, which offer beans with a lower quality. Grade AA sold for $232-$390 per 50 kg bag while a bag of grade AB coffee fetched $204-$316 per ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln