09262016Mon
Last update: Mon, 26 Sep 2016 10am

Middle East & Africa

Markets - Commodities - Middle East & Africa

Egypt's GASC says seeks wheat for Oct. 15-25 shipment ABU DHABI: Egypt's General Authority for Supply Commodities (GASC) set a tender on Thursday to buy an unspecified amount of wheat from global suppliers for shipment from Oct. 15-25.Ahmed Youssef, vice chairman of GASC, said the authority is seeking to buy cargoes of soft and/or milling wheat from the United States, Canada, Australia, France, Germany, Poland, Argentina, Russia, Kazakhstan, Ukraine, Romania and Bulgaria. Tenders should reach GASC by noon local time (1000 GMT) on Friday. The results should come out after 3:30 p.m. on the same day. Wheat bids should be free-on-board, with a separate freight offer. Copyright Reuters, 2016 ...

Markets - Commodities - Middle East & Africa

South Africa's AMCU, platinum mines fail to reach wage deal JOHANNESBURG: South Africa's biggest platinum mine-workers' union and the industry have failed to reach a deal on workers' pay, the union said on Monday, raising the prospect of industrial action in the world's biggest producer of the white metal. The Association of Mineworkers and Construction Union (AMCU), which led a crippling five-month strike in 2014, has been in talks with Anglo American Platinum, Impala Platinum and Lonmin since July this year. Copyright Reuters, 2016 ...

Markets - Commodities - Middle East & Africa

Ivory Coast rains boost cocoa crop, disease fears linger ABIDJAN: Abundant rain and sunny spells in most of Ivory Coast's main cocoa growing regions will improve the yield of the cocoa main crop, farmers said on Monday, but some feared the moisture would bring disease. The main harvest season in the world's top cocoa producer is due to run from October to March. Farmers said there were many flowers and pods on the trees, which bodes well for the main crop. If the right ...

Markets - Commodities - Middle East & Africa

Egypt's GASC buys 50,000 tonnes of Brazilian raw sugar CAIRO: Egypt's General Authority for Supply Commodities (GASC) purchased on Sunday 50,000 tonnes of Brazilian raw sugar, GASC vice chairman Ahmed Youssef told Reuters. GASC bought the sugar for $491.50 per tonne, Youssef said. The sugar is sought for arrival between Oct. 15-30. Egypt plans to buy 450,000-550,000 tonnes of sugar in local and foreign markets to cover its needs until the end of February, a supplies ministry official said last week. GASC received just ...

Markets - Commodities - Middle East & Africa

Egypt's GASC cancels wheat tender ABU DHABI/HAMBURG: Egypt's state grain buyer GASC said it cancelled a purchase tender for wheat on Wednesday after receiving only one offer. Suppliers shunned GASC earlier on Wednesday after it changed its specifications, asking for wheat free of ergot with only Venus presenting an offer for Ukranian wheat. Copyright Reuters, 2016 ...

Markets - Commodities - Middle East & Africa

Nicaraguan coffee exports rise 4.6pc in July MANAGUA: Nicaraguan coffee exports rose 4.6 percent in July from the same month a year earlier, the country's coffee export center Cetrex said on Monday. Exports from the Central American country rose to 198,358 60-kg bags. So far during the current season, which began in October and will end in September, Nicaragua has shipped 1.685 million 60-kg bags, 5.2 percent higher than the same period last year. Copyright Reuters, 2016 ...

Markets - Commodities - Middle East & Africa

Egypt's GASC postpones raw sugar tender until Sept. 3 ABU DHABI: Egypt's General Authority for Supply Commodities on Wednesday said it postponed the deadline for bids on its international tender for raw sugar until Sept. 3. GASC Vice Chairman Ahmed Youssef gave no reason for the delay. The sugar is sought for arrival between Oct. 15-30. Offers are to be made on a cost and freight basis, with a minimum offer of 50,000 tonnes. Copyright Reuters, 2016 ...