05062016Fri
Last update: Fri, 06 May 2016 08am

Middle East & Africa

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 same period last year. Copyright Reuters, 2015 ...

Markets - Commodities - Middle East & Africa

Jordan buys 100,000 tonnes of wheat in tender ABU DHABI: Jordan's Ministry of Trade and Industry bought 100,000 tonnes of optional origin wheat in a tender on Tuesday, a government source said.The wheat was bought at $235 a tonne cost and freight for shipment during the second half of February and the first half of March from Dolge.It comes after two tenders for the same amount of wheat and the same shipment period were cancelled in past weeks due to the lack of ...

Markets - Commodities - Middle East & Africa

Egypt's new wheat subsidy will not affect local harvest or imports CAIRO: Egypt's wheat output will be little changed this season from last, Supplies Minister Khaled Hanafy said on Monday, not long after a subsidy reduction raised questions about whether farmers would continue to plant the crop.The world's largest importer of wheat will grow around 3.3 million feddans (3.43 million acres) in the next season, Hanafy told Reuters in an interview."I don't expect this season to be less than this amount, and it might even be ...

Markets - Commodities - Middle East & Africa

Climate change threatens Tunisia olive farming MORNAG: Tunisia's 3,000-year history of olive farming is under threat with warnings that production is at risk of halving by 2030 because of the extremes of climate change, from floods to droughts."Before it used to rain regularly and the harvest was good. Today, everything is different," said 65-year-old olive farmer Amor Slama.This year at least, his country's battered economy can count on record olive oil exports.But climate change can wreak havoc in the North African ...

Markets - Commodities - Middle East & Africa

Zimbabwe's gold output to rise by 28pc next year HARARE: Zimbabwe's gold output is expected to rise by 28 percent to 24 tonnes in 2016 from 18.7 tonnes this year and the government will cut the royalty fee on bullion by 40 percent, the finance minister said in a budget statement on Thursday. Gold is the Southern African nation's second-largest mineral export after platinum but producers have been grappling with weak global prices and electricity shortages at home. Patrick Chinamasa attributed next year's gold ...

Markets - Commodities - Middle East & Africa

Egypt's GASC buys 240,000 T French, Russian, Romanian wheat ABU DHABI: Egypt's state grain buyer, the General Authority for Supply Commodities (GASC), bought 240,000 tonnes of French, Russian and Romanian wheat in a tender for Dec. 21-31 shipment, it said on Wednesday. Egypt, one of the world's biggest importers of wheat, bought 120,000 tonnes of French wheat, 60,000 tonnes of Russian wheat and 60,000 tonnes of Romanian wheat, GASC Vice-Chairman Mamdouh Abdel Fattah said. GASC bought the wheat at an average price of $205.94 a ...

Markets - Commodities - Middle East & Africa

South Africa 2015 wheat output forecast down 2pc to 1.51mn tonnes JOHANNESBURG: South Africa's Crop Estimates Committee (CEC) said on Wednesday that the forecast for the 2015 wheat crop output is estimated at 1.51 million tonnes, down from 1.54 million tonnes in the previous forecast. "It was the persisting drought conditions that impacted negatively on the yield of wheat, especially in the Free State province," CEC's Marda Scheepers said. Copyright Reuters, 2015 ...