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African palm oil makers hit back at global 'smear campaign' ABIDJAN: African palm oil producers are hitting back at what they say is a "smear campaign" against them by environmentalists and health activists that risks ruining their industry.Countering their increasingly vocal critics was the main aim of producers attending the first-ever African Palm Oil Congress, hosted by Ivory Coast's government in the economic capital Abidjan last week."For some time, the aggressive attacks against palm oil have been multiplying and they are degrading (the sector's) image," Christophe Koreki, president of the Interprofessional Palm Oil Association (AIPH) told delegates."The smear campaign accuses palm oil of destroying the environment or causing cardiovascular disease," he said.Fires currently burning in Indonesia, that have cloaked Singapore in record levels of smog, have brought more negative publicity for the big palm oil companies -- Indonesian, Singaporean and Malaysian -- which deforest vast swathes of Sumatra.The companies have been accused of starting fires to clear land through the ...

Tunisia gets offers in tender to buy 75,000T wheat HAMBURG: The lowest offer in the tender from Tunisia's state grains agency to purchase 75,000 tonnes of soft milling wheat which closed on Tuesday was $274.68 a tonne c&f, European traders said.The offer was for "all or nothing" for optional origin for all shipment positions, traders said.This was followed by several offers of around or just over $275 a tonne c&f for individual shipment positions, they said.The tender sought grain for a range of shipment ...
Algeria wheat imports down in Jan-April: customs ALGIERS: Algeria's total wheat imports dropped 7.32 percent to 1.873 million tonnes but were up 11.5 percent in value in the first four months of this year, compared with the same period in 2012, official figures showed on Monday.Soft wheat purchases fell 4.7 percent to 1.526 million tonnes in the January-April period this year from 1.598 million tonnes in the same period a year earlier, according to customs data.The data showed durum wheat imports decreased ...
S.Africa's 2013 maize crop f'cast down to 11.44mn tonnes JOHANNESBURG: South Africa cut its forecast of maize output for 2013 to 11.44 million tonnes from a previous estimate of 11.562 million tonnes, saying dry weather earlier this year affected yields.The maize crop will consist of an estimated 6.026 million tonnes of white maize and 5.414 million tonnes of yellow, the government's Crop Estimates Committee said on Thursday.The harvest estimate is largely in line with market expectations of 11.45 million tonnes, according to a Reuters ...
Uganda coffee exports rise in April due to strong rains KAMPALA: Uganda's coffee exports are seen rising sharply in April to 270,000 60-kg bags from 141,220 bags during the same period last year, boosted by strong rainfall in key growing areas, the Uganda Coffee Development Authority (UCDA) said on Thursday."The crop in south western region is expected to be bigger than last year due to the favourable rainfall received," said a report by UCDA.The report also said UCDA is set to provide 20 million seedlings ...
Morocco state grain agency buys 178,000 tonnes local soft wheat RABAT: Moroccan state grains agency ONICL has bought 178,000 tonnes of loal soft wheat at 2,545 to 2,880 Moroccan dirhams ($290-$330) per tonne, a few days after issuing a tender to buy 160,000 tonnes of US durum wheat.Morocco has extended a freeze on a 17 percent import duty on soft wheat to April 31 to ensure a regular supply of the commodity to the domestic market after drought hit its local harvest last year. The ...
Egypt to get help from US, European wheat exporters: Minister CAIRO: Egypt will receive payment facilities from American and European suppliers of wheat, an Egyptian newspaper on Saturday quoted minister of supplies Bassem Ouda as saying, as the world's biggest wheat importer struggles to pay for imports.Two years of turmoil since the overthrow of President Hosni Mubarak has badly hit an economy starved of tourism revenues and with a depreciating currency."American and European exporters of wheat will provide payment facilities to Egypt to import wheat ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln