Tuesday, 21 May 2013 17:14
Posted by Muhammad Iqbal
HAMBURG: Jordan's state grains buyer has issued two international tenders to purchase 150,000 tonnes of wheat and 100,000 tonnes of feed barley, European traders said on Tuesday.The tender deadline for the wheat is Tuesday, May 21 and for the barley Wednesday, May 22.Jordan made no purchase in tenders for 150,000 tonnes of wheat and 100,000 tonnes of barley that closed last week, with market talk that participation had been thin.Traders said disagreement about a new stricter inspection scheme for grain imports was creating difficulties in Jordanian tenders.A new system of state inspections of grain imports, in addition to a previous system of inspections by cargo surveyors, has caused shipment delays and extra costs for grain suppliers, traders said."Jordan is taking a hard line on ensuring grain import quality but this has also caused unwillingness of some international trading companies to participate in tenders," a trader said.Traders said barley shipments to ...
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HAMBURG: Jordan's state grains buyer has issued two international tenders to purchase 150,000 tonnes of wheat and 100,000 tonnes of feed barley, European traders said on Tuesday.The tender deadline for the wheat is Tuesday, May 21 and for the barley Wednesday, May 22.Jordan made no purchase in tenders for 150,000 tonnes of wheat and 100,000 tonnes of barley that closed last week, with market talk that participation had been thin.Traders said disagreement about a new stricter inspection scheme for grain imports was creating difficulties in Jordanian tenders.A new system of state inspections of grain imports, in addition to a previous system of inspections by cargo surveyors, has caused shipment delays and extra costs for grain suppliers, traders said."Jordan is taking a hard line on ensuring grain import quality but this has also caused unwillingness of some international trading companies to participate in tenders," a trader said.Traders said barley shipments to ...
DAR ES SALAAM: Tanzania's economy is expected to expand at a slightly faster pace over the next two years after growing 6.9 percent in 2012, the World Bank said on Tuesday. It said it expected inflation in east Africa's second largest economy to average 5-7 percent during the same period."Tanzania's economy is expected to grow at an average of 7 percent in the 2013/14 and 2014/15 fiscal years," the World Bank's lead economist in Tanzania, ...
KHARTOUM: Lebanese farmland investor GLB Invest plans to invest up to $800 million in Sudan to produce animal feed to be sold to Saudi Arabia, its president said on Tuesday.Arab investors have launched farmland and livestock projects in the vast African country, prized for its fertile soil and easy access to irrigation water from the Nile, to help arid Gulf oil producers secure food supplies.Firas Badra, president of Beirut-based GLB Invest, said the firm had ...
LONDON: British 12-month inflation slowed to 2.4 percent in April, hitting a seven-month low on the back of lower transport costs and oil prices, official data showed on Tuesday."The Consumer Prices Index (CPI) grew by 2.4 percent in the year to April 2013, down from 2.8 percent in March," the Office for National Statistics (ONS) said in a statement.That was the lowest level since September 2012 when it stood at 2.2 percent.Falling transport costs, particularly ...
BRASILIA: Brazil's economy will grow less than three percent this year, lower than previously predicted, according to the latest forecast released Monday.Analysts and traders surveyed by the South American country's central bank said they estimate GDP will increase by 2.98 percent in 2013, anticipating for the first time that growth will not surpass 3 percent.The government, however, still forecasts growth of 3.5 percent. Last year, the economy grew just 0.9 percent.In her weekly radio address ...
RIFCROME: Industrial orders in Italy plunged by 10 percent in March on a 12-month comparison but rose by 1.6 percent from February, new data showed on Monday, as Italy suffers its longest-ever recession.Foreign orders increased by 3.6 percent from the previous month but fell 6.1 percent year-on-year, while domestic orders were up 0.2 percent over the month and down 13.2 percent for the year.Italian industrial production dipped by 0.9 percent for the month and 7.6 ...
GAZIPUR: A Bangladesh factory where Wal-Mart Stores Inc and Inditex SA inspectors spotted cracks in the wall this month is still making Wrangler shirts for the world's largest apparel maker, US-based VF Corp.VF confirmed on Saturday it was still using Liz Apparels to make its clothing following an inspection ordered by the factory owner, Nassa Group, on May 12. VF, whose other clothing brands include North Face, Timberland and Nautica, said its philosophy was to ...
