04292016Fri
Last update: Fri, 29 Apr 2016 12am

Middle East & Africa

Markets - Commodities - Middle East & Africa

Iraq to stop imports of refined sugar as production rises BAGHDAD: Iraq will stop imports of refined sugar for a government food distribution programme, as the nation's own production rises, officials said on Wednesday. The government has signed a contract with Etihad to be supplied with sugar from its refinery in Hilla, south of Baghdad, said Qasim Hmoud, Iraq's State Company for Foodstuff Trading's general manager, in a statement on the trade ministry website.The sugar bought by the government is distributed for free to the population under a food rationing program that also includes flour, cooking oil and rice. "The year 2016 will be the year of relying on national products to supply the rationed food card items," Hmoud said. The contract with Etihad would effectively put an end to refined sugar imports, said a trade ministry spokesman. Iraq is reviving its national industry after years of neglect, as it seeks to reduce dollar imports after falling oil prices hurt ...

Markets - Commodities - Middle East & Africa

GASC says changed wheat payment terms for tender ABU DHABI: Egypt's state-owned General Authority for Supply Commodities (GASC) said that it has changed the terms of payment for wheat purchased in its tenders."The letters of credit can now be opened up to 180 days after signing the contract," Mamdouh Abdel Fattah, GASC's vice chairman said on Wednesday. "Before that there was no deferred letter of credit."Abdel Fattah declined to give a reason for the change.Egypt, one of the world's largest wheat importers, imports ...

Markets - Commodities - Middle East & Africa

Ivorian cocoa arrivals seen at 661,000 tonnes Dec. 20 ABIDJAN: Cocoa arrivals at ports in top grower Ivory Coast reached around 661,000 tonnes by Dec. 20 since the start of the season on Oct. 1, exporters estimated on Monday, down from 679,000 tonnes in the same period of the previous season.Exporters estimated around 69,000 tonnes of beans were delivered to the West African state's two ports of Abidjan and San Pedro between Dec. 14 to 20 down from 74,000 tonnes during the same period ...

Markets - Commodities - Middle East & Africa

Ivorian cocoa arrivals seen at 592,000 T by Dec. 13 ABIDJAN: Cocoa arrivals at ports in top grower Ivory Coast reached around 592,000 tonnes by Dec. 13 since the start of the season on Oct. 1, exporters estimated on Monday, down from 605,000 tonnes in the same period of the previous season. Exporters estimated around 58,000 tonnes of beans were delivered to the West African state's two ports of Abidjan and San Pedro between Dec. 7 and 13, down from 69,000 tonnes during the same ...

Markets - Commodities - Middle East & Africa

Israeli group tenders for 80,000 tonnes corn, 20,000 tonnes sorghum HAMBURG: A group of Israeli private buyers has issued international tenders to purchase up to 80,000 tonnes of corn and 20,000 tonnes of the feed grain sorghum, European traders said on Monday.The tenders close on Tuesday, Dec. 15, traders said.The grains can be sourced from optional origins.If based on European Union or Black Sea region supplies, some 30,000 tonnes of corn was sought for shipment between March 25 to April 15, 2016, and 50,000 tonnes ...

Markets - Commodities - Middle East & Africa

Ivorian cocoa arrivals seen at 592,000 tonnes by Dec. 13 ABIDJAN: Cocoa arrivals at ports in top grower Ivory Coast reached around 592,000 tonnes by Dec. 13 since the start of the season on Oct. 1, exporters estimated on Monday, down from 605,000 tonnes in the same period of the previous season.Exporters estimated around 58,000 tonnes of beans were delivered to the West African state's two ports of Abidjan and San Pedro between Dec. 7 and 13, down from 69,000 tonnes during the same period ...

Markets - Commodities - Middle East & Africa

Ivorian cocoa arrivals seen at 534,000 T by Dec 6 ABIDJAN: Cocoa arrivals at ports in top grower Ivory Coast reached around 534,000 tonnes by Dec. 6 since the start of the season on Oct. 1, exporters estimated on Monday, down from 536,000 tonnes in the same period of the previous season. Exporters estimated around 50,000 tonnes of beans were delivered to the West African state's two ports of Abidjan and San Pedro between Nov. 30 to Dec. 6 down from 62,000 tonnes during the ...