08302016Tue
Last update: Tue, 30 Aug 2016 08am

Middle East & Africa

Markets - Commodities - Middle East & Africa

Egypt's local wheat purchases reach 3.83mn tonnes CAIRO: Egypt has bought 3.832 million tonnes of local wheat since the start of the local procurement season on April 15, the agriculture ministry said in a statement on Monday. The world's largest wheat importer plans to buy 4 million tonnes domestically in a local buying season which usually ends around July.Copyright Reuters, 2016 ...

Markets - Commodities - Middle East & Africa

Egypt exempts raw sugar importers from customs duty CAIRO: Egypt will exempt importers of raw sugar from a 20 percent tariff up to the end of 2016 which will be effective retroactively from May 20, the state's official gazette said on Sunday. Earlier this year, Egypt raised import tariffs on raw cane and raw beet sugar to 20 percent from 2 percent, according to a United States Department of Agriculture report. Egypt consumes around 3.2 million tonnes of sugar annually but produces just ...

Markets - Commodities - Middle East & Africa

Cameroon cocoa prices rise in May after months of stagnation YAOUNDE: Cameroon cocoa prices rose across all regions in May, ending months of price stagnation as increased investment began to pay off, producers said.Prices ranged from 1300 CFA francs ($2.22) in the eastern region to 1650 CFA francs in the center of the country, a slight increase on April, they said.Prices have remained largely stagnant since the beginning of the year, but an investment of 40 million CFA francs since January from the Interprofessional Cocoa ...

Markets - Commodities - Middle East & Africa

Jordan buys 100,000 tonne feed barley in tender HAMBURG: Jordan's state grain buyer has bought 100,000 tonnes of animal feed barley to be sourced from optional origins in an international tender which closed on Wednesday, European traders said. It was purchased at $184.50 a tonne c&f, they said.The seller was Midgulf International and shipment is in the second half of October and first half of November, they said.Jordan's last reported barley purchase was of 100,000 tonnes on March 2.Copyright Reuters, 2016 ...

Markets - Commodities - Middle East & Africa

Ivory Coast cocoa sector reserve fund up 58pc June 2015-Jan 2016 ABIDJAN: Ivory Coast's cocoa sector reserve fund rose 58 percent to 120 billion CFA francs ($206.47 million) between June 2015 and January 2016, according to a document from the government Coffee and Cocoa Council (CCC) seen by Reuters. The figure represents the highest level since the fund was established in 2012 to protect against a drop in the global cocoa price or in the event that a cocoa operator goes out of business.Cocoa beans and ...

Markets - Commodities - Middle East & Africa

Blumberg Grain to sign wheat silos deal with Algeria in weeks DUBAI: Blumberg Grain is looking to sign a deal within the coming weeks with Algeria's state grain agency OAIC to build high-tech wheat silos that can store up to 1 million tonnes of the grain. "We are looking to sign something within the next few weeks, before the start of Ramadan," David Blumberg, CEO of Blumberg Grain Middle East and North Africa, told Reuters on the sidelines of the Global Grain conference in Dubai.The new ...

Markets - Commodities - Middle East & Africa

Iraq again extends deadline in 50,000 tonne wheat tender HAMBURG: Iraq's state grains board has again extended the offer deadline in a tender to buy at least 50,000 tonnes of hard wheat with offers now remaining valid until Wednesday, May 18, European traders said on Tuesday. No purchase was believed to have been made yet, they said.The tender had originally closed on May 8 with offers initially remaining valid up to May 12, but offer validity was then extended to Monday, May 16.US-origin wheat ...