06302016Thu
Last update: Thu, 30 Jun 2016 06am

Middle East & Africa

Markets - Commodities - Middle East & Africa

Algeria buys 450,000-500,000 tonnes milling wheat for Sept shipment PARIS: Algeria's state grains agency OAIC bought around 450,000 to 500,000 tonnes of milling wheat for September shipment in a tender that closed on Tuesday, paying between $199 and $200 a tonne, including cost and freight, traders said on Wednesday. The origin of the wheat is optional but traders said the wheat was likely to come from Baltic countries due to concerns on the quality of the crop in France, Algeria's main supplier, and a better competitiveness of Baltic wheat, they said.In its latest tender for shipment in August OAIC paid between $190 and $191 a tonne.Algeria, one of the world's biggest grain importers, does not publish details of its tenders and results reported by traders are estimates.Copyright Reuters, 2016 ...

Markets - Commodities - Middle East & Africa

Iraq bought 80,000 tonnes rice from India in tender earlier in June HAMBURG: Iraq's state grains buyer purchased 80,000 tonnes of rice to be sourced from India in a tender which closed on June 8 which saw negotiations continue to around June 17, European traders said on Wednesday. Traders had earlier estimated the purchase at about 100,000 tonnes.The purchase involved 40,000 tonnes purchased from trading house Olam at $431 a tonne c&f free out and 40,000 tonnes bought from Amir Chand also at $431 a tonne c&f ...

Markets - Commodities - Middle East & Africa

Iraq issues tender to buy at least 30,000 tonnes rice - trade HAMBURG: Iraq's state grains buyer has issued an international tender to buy at least 30,000 tonnes of rice, traders said on Tuesday.The rice can be sourced from any origin worldwide, they said.The closing date for the tender is June 28 and offers must remain valid until July 3.Iraq was said to have bought Indian rice in its previous tender which closed on June 8, but that tender had restricted participation to a smaller than usual ...

Markets - Commodities - Middle East & Africa

South Africa's Amplats warns H1 profit to fall at least 20pc JOHANNESBURG: Anglo American Platinum (Amplats) expects its half-year profit to fall by at least 20 percent due to weaker metal prices, the South African miner said on Tuesday. Platinum prices have been hurt by growth concerns in China and oversupply worries which have forced firms to abandon projects and sell mines.Amplats, which produces around 40 percent of the world's platinum group metals, said it would make a further announcement once it had determined a likely ...

Markets - Commodities - Middle East & Africa

Ivorian cocoa arrivals dropped from around 9pc by June 19 ABIDJAN: Cocoa arrivals at ports in top grower Ivory Coast reached around 1,374,000 tonnes by June 19, 2016 since the start of the season on October 1, 2015 exporters estimated on Monday, down from 1,517,000 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 June 13 to June 19 down from 24,000 tonnes ...

Markets - Commodities - Middle East & Africa

Saudi Arabia says buys 315,000 tonnes of hard wheat ABU DHABI: Saudi Arabia's main state grain agency bought 315,000 tonnes of hard wheat in a tender, the Saudi Grains Organization (SAGO) said on Monday. The wheat is for shipment during September, SAGO said in a statement.The wheat purchased was of European, North American and Australian origin at the seller's option, SAGO director Ahmad al-Fares said.The tender had been for wheat with 12.5 percent protein content.The wheat was purchased in five consignments for shipments to ...

Markets - Commodities - Middle East & Africa

Israeli group bought corn, feed wheat and barley in tender HAMBURG: A group of Israeli private buyers bought corn, feed wheat and feed barley of optional origin in a tender which closed on Thursday, European traders said on Friday. Volumes bought were unclear. The tender had sought 60,000 tonnes of corn, 50,000 tonnes of feed wheat and 15,000 tonnes of barley, they said.The corn was purchased at around $206.50 and $197.50 a tonne c&f, the feed wheat at around $177 and $178 a tonne c&f ...