02112016Thu
Last update: Thu, 11 Feb 2016 07am

Middle East & Africa

Markets - Commodities - Middle East & Africa

Egypt's GASC buys 120,000 tonnes of Russian, Romanian wheat ABU DHABI: Egypt's state grain buyer, the General Authority for Supply Commodities (GASC), said on Tuesday it had bought 120,000 tonnes of Russian and Romanian wheat in a tender for June 16-25 shipment. Egypt, the world's biggest importer of wheat, bought 60,000 tonnes of Russian wheat from Vitol and 60,000 tonnes of Romanian wheat from Cargill, Mamdouh Abdel Fattah, GASC vice-chairman, said. The wheat was purchased at an average price of $205.76 a tonne on a cost-and-freight basis, he said. Traders gave the following breakdown of the purchase: -60,000 tonnes of Russian wheat from Vitol at $194.22 a tonne free-on-board (fob) and $9.40 a tonne freight -60,000 tonnes of Romanian wheat from Cargill at $199.50 a tonne fob and $8.40 a tonne freight After this latest tender, Egypt's strategic wheat reserves will last until mid-July, Supplies Minister Khaled Hanafi said in a statement. Russian wheat was offered at attractive prices ...

Markets - Commodities - Middle East & Africa

Ivorian cocoa arrivals seen at 1,353,000 T May 4 ABIDJAN: Cocoa arrivals at ports in top grower Ivory Coast reached around 1,353,000 tonnes by May 4 since the start of the season on Oct. 1, exporters estimated on Monday, up from 1,336,000 tonnes in the same period of the previous season. Exporters estimated around 20,000 tonnes of beans were delivered to the West African state's two ports of Abidjan and San Pedro between April 27 and May 4, down from 24,000 tonnes during the ...

Markets - Commodities - Middle East & Africa

Kenya buys over 680,000 tonnes oil products for May-July SINGAPORE: Kenya's oil importers have bought over 680,000 tonnes of oil products for delivery over May to July, about 20 percent more than their previous purchase, industry sources said on Wednesday.They bought 346,055 tonnes of 50ppm sulphur gasoil, 213,822 tonnes of gasoline and 123,541 tonnes of jet fuel for delivery into the Kipevu Oil Terminal and the Shimanzi Oil Terminal from Gapco, KenolKobil, Total Kenya and Vivo Energy.The importers bought a rare cargo of 95-octane ...

Markets - Commodities - Middle East & Africa

Cameroon cocoa exports rise to 177,509 tonnes by end-March YAOUNDE: Cocoa exports from Cameroon, Africa's fourth largest producer, rose to 177,509 tonnes in the nine months to end-March, up from 143,374 tonnes during the same period in the previous season, the National Cocoa and Coffee Board (NCCB) said on Tuesday. In March, Cameroon shipped 10,810 tonnes of cocoa beans, down from 19,806 tonnes in February but a sharp increase from 3,207 tonnes in the same month a year ago.The NCCB said 21 companies exported ...

Markets - Commodities - Middle East & Africa

Saudi Arabia buys 780,000 tonnes of hard wheat HAMBURG/ABU DHABI: Saudi Arabia bought 780,000 tonnes of hard wheat in an international tender which closed on Friday, the country's main state wheat buying agency, the Grain Silos and Flour Mills Organisation (GSFMO), said on Monday.The wheat, with 12.5 percent protein content, is for shipment during June to August, GSFMO acting director general Abdulrahman Al Ruwaitie said in a statement.The accepted origins are the European Union, North America, South America and Australia, at the sellers' ...

Markets - Commodities - Middle East & Africa

Miners end strike in Mauritanian iron ore hub: union NOUAKCHOTT: Miners in Mauritania's northern iron ore hub of Zouerate went back to work on Friday after downing tools for nine weeks in a dispute over wages, their union and management said.The workers had been on strike since January 28 to demand that the National Industrial and Mining Company (SNIM) honour agreed pay rises and bonuses."Everyone went back to work, everyone is happy with this development," SNIM spokesman Samba Barry said.The workers had negotiated pay ...

Markets - Commodities - Middle East & Africa

Kenya buys over 560,000 tonnes oil products for April-May SINGAPORE: Kenya's oil importers bought over 560,000 tonnes of oil products for delivery over April to May, slightly less that what they initially sought, industry sources said on Friday.They bought 122,144 tonnes of jet fuel, 279,148 tonnes of gasoil and 164,500 tonnes of gasoline from Vivo Energy, Gapco, Mogas and Kencor, the sources said.They will pay premiums of about $25 a tonne above Middle East quotes for the jet fuel cargoes, premiums between $20 and ...