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Middle East & Africa


Saudi wheat imports to reach 2.7mn tonnes this year PARIS: Saudi Arabia's Grain Silos and Flour Mills Organisation expects its wheat imports to rise to 2.7 million tonnes this year as the country continues to phase out local production, GSFMO's Director General Waleed Elkhereiji said on Tuesday.Saudi Arabia imported about 2.6 million tonnes of wheat last year, he told Reuters on the sidelines of the International Grains Council's annual conference in London.The expected import volume in 2014 would include about 200,000 tonnes of soft wheat alongside the hard-wheat varieties mostly purchased by Saudi Arabia for bread-making, he said."It is a (small) percentage but we are in a process of more diversity," Elkhereiji said of the soft wheat imports.So far this year, GSFMO has purchased about 1.2 million tonnes of hard wheat and 110,000 tonnes of soft wheat, he said.Saudi Arabia aims to stop state-subsidised wheat production by 2016 in order to preserve water resources. Local production is expected to ...

Ivorian cocoa arrivals seen at 1,506,000 T by June 8 ABIDJAN: Cocoa arrivals at ports in top grower Ivory Coast reached around 1,506,000 tonnes by June 8, since the start of the season on October 2, exporters estimated on Tuesday, up from 1,256,000 tonnes in the same period of the previous season.Exporters estimated around 39,000 tonnes of beans were delivered to the West African state's two ports of Abidjan and San Pedro between June 2 and June 8 up from 18,000 tonnes during the same ...
Egypt lowers target for local wheat purchases CAIRO: Egypt's supplies minister on Monday lowered the target for state purchases of domestic wheat from the current harvest, suggesting the world's largest wheat importer will not cut its food import bill in the coming fiscal year.Khaled Hanafi told reporters the total amount of wheat the government will purchase was "expected to reach 3.8 or 3.9 million tonnes by the end of the current season." The previous government target was 4.4 million tonnes.Like energy subsidies, ...
Morocco seeks 163,500 T of soft wheat in the local market RABAT: Morocco's state grains agency ONICL has launched a tender to buy 163,500 tonnes of soft wheat from the local market, it said in a statement on Monday.It is the first tender after the end of the import campaign which ran from Jan. 1 to April 30, when the government suspended customs duties for soft wheat imports to counter rising world prices.ONICL will open the bids on June 17. The soft wheat is destined to ...
Iraq issues tender for at least 30,000 tonnes rice BAGHDAD: Iraq issued a tender to buy a minimum of 30,000 tonnes of rice with origins from the United States, Uruguay, Argentina, Brazil or Vietnam, a trade ministry statement said on Monday. The closing date for the tender is June 23 and offers must be valid until June 27. Volumes in Iraq's rice tenders are nominal and the country frequently buys more than it tenders for. Iraq is one of the world's largest importers of ...
Iraq buys 120,000 T rice from US, Vietnam and Uruguay HAMBURG: Iraq's state grains buyer has purchased a total 120,000 tonnes of rice in an international tender that closed this week to be sourced from the United States, Vietnam and Uruguay, European traders said on Thursday.The tender from Iraq's state grain board for at least 30,000 tonnes closed on Sunday and offers had to remain valid until Thursday.Traders said 30,000 tonnes to be sourced from the United States was purchased at $715.75 a tonne c&f ...
Kenya coffee prices ease at latest sale NAIROBI: The top price of the benchmark Kenyan coffee grade eased to $328 per 50 kg bag at this week's auction from $385 last week, the Nairobi Coffee Exchange said.Kenya is a relatively small producer of coffee but its beans are much sought after by roasters to blend with those of lower quality from other producing countries.The benchmark grade AA sold at $121-$328 per bag, compared with $181-$385 last week, NCE said after the auction ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln