commodities
News
Zambia: Pressure Mounts On FRATHE Millers Association of Zambia (MAZ) has joined calls for the Food Reserve Agency (FRA) to offload maize onto the market in order to bring down the prices of mealie meal.
Source : AllAfrica | 19-Nov-2008 13:23
Zambia: Grain Reserves Must Be Managed Properly
IT is more than certain that the solution to the oscillating price of maize meal in Zambia lies not in importing the grain, but in the Food Reserve Agency (FRA) offloading strategic reserves onto the market.
Source : AllAfrica | 19-Nov-2008 13:23
WFP, Company Sign Accord On Handling Commodities Through Djibouti Port
The World Food Programme (WFP) said it has signed on Thursday a unique agreement with SDTV (Societe Djiboutienne De Gestion Du Terminal Varaquer) to enhance its handling of food commodities through the port of Djibouti.
Source : AllAfrica | 18-Nov-2008 15:18
Zambia: Offload RRA Maize, Urges Nawakwi
FORUM for Democracy and Development (FDD) president, Edith Nawakwi has advised the Government to offload the maize held in strategic reserves by the Food Reserve Agency (FRA) to curb the increasing prices of mealie meal.
Source : AllAfrica | 18-Nov-2008 09:31
Ethiopia: Govt Upgrades Its High-End Coffee Sector
Coffee, as legend has it, was first enjoyed by goats that ate beans off wild bushes in the lush mountains of central Ethiopia. A shepherd boy observed the animals cavorting and ate some beans out of curiosity. He experienced the caffeine-induced energy that his goats displayed, and from that moment human consumption of coffee spread around the world.
Source : AllAfrica | 18-Nov-2008 07:16
Nigeria: Kumho Tyres Bounce Back in Nigerian Market
Kumho Tyres, one of the world-class tyre manufacturing companies returned to the Nigerian tyre market last week following the appointment of Super Tyres and Motors Limited as the brand's envoy and marketers.
Source : AllAfrica | 14-Nov-2008 16:22
South Africa: Metmar Posts Record First-Half Profit
COMMODITIES trader and investor Metmar yesterday posted record first-half revenue and profit despite a slowdown in the commodities sector but warned that conditions would become more difficult in the second half of the year.
Source : AllAfrica | 13-Nov-2008 10:12
State Embarks On Maize Audit
THE Government is conducting a countrywide physical maize stock audit to ascertain the availability of the commodity, Agriculture and Cooperatives Minister, Ben Kapita has said.
Source : AllAfrica | 13-Nov-2008 07:44
Explain Mealie Meal, Fuel Prices - Nalumango
DEPUTY Speaker of the National Assembly Mutale Nalumango has ordered the Government to explain the escalating prices of mealie meal and why prices of fuel have remained static when global oil prices are falling.
Source : AllAfrica | 13-Nov-2008 07:44
14 Nations Draw Up Sustainable Cocoa-Farming Plan
Mars, Incorporated announced today that 250 delegates from 14 West and Central African countries along with cocoa industry leaders have finalized a first-ever sustainable cocoa farming plan for Africa.
Source : AllAfrica | 13-Nov-2008 07:09
South Africa: Global Gloom Sinks Bourses, Currencies, Commodities
A DAY after markets rallied on news of China's $586bn stimulus package, stock markets, commodities and currencies fell as the global economic outlook deteriorated and more companies were downgraded.
Source : AllAfrica | 12-Nov-2008 09:29
Sierra Leone: Le 10 M Bail for Breach of Contract
Isha Kamara has been arraigned before magistrate Komba Kamanda of Court No 2 for allegedly breaching a business contract with her business partner Abdallah Sesay.
Source : AllAfrica | 07-Nov-2008 21:49
Kenya: Price of Bread Rises in Nairobi
It will now cost you more to buy a loaf of bread. Its price has risen by an average of Sh2 per loaf as bakers pass on the increased cost of raw materials and distribution to consumers.
Source : AllAfrica | 07-Nov-2008 11:52
IFSC to Set Up Commodities Exchange Next Year
The Botswana International Financial Services Centre (IFSC) says it is currently coordinating with other stakeholders to facilitate the launch of the highly anticipated Commodities and Derivatives Exchange in the coming financial year.
Source : AllAfrica | 07-Nov-2008 11:29
Kenya: State Bans Farm Gate Coffee Sales
The government has banned buying of coffee at the farm gate common in some parts of the country.
Source : AllAfrica | 05-Nov-2008 17:21
Kenya: Ban Slapped On Chinese Egg Imports
The Government has banned importation of eggs and related products from China.
Source : AllAfrica | 04-Nov-2008 21:24
Tanzania: Machinga to Settle Under One Roof
Hawkers, common by the name of Machinga, roaming Arusha's streets with all sorts of merchandise will soon settle down under one roof.
Source : AllAfrica | 04-Nov-2008 20:51
Kenya: Maize Output Falls By 0.9 Million Tonnes
Kenya may once again face maize shortages next year following projections of a shortfall of 900,000 tonnes of the commodity come December this year, a report by Egerton University's Tegemeo Institute of Agriculture says.
Source : AllAfrica | 03-Nov-2008 23:11
Uganda: Bottom Falls Out of Vanilla Boom
After years of showing promise and being touted as Uganda's best export hope following a boom in the 1990s that almost saw it overtake coffee in exports, vanilla is now branded a risky venture.
Source : AllAfrica | 03-Nov-2008 22:26
Ethiopia: Country Launches Commodity Exchange to Develop Agriculture
Ethiopia, a country of chronic food shortages and malnutrition, has launched an agriculture commodity exchange in a daring experiment to raise food production by creating a safe, transparent agriculture market.
Source : AllAfrica | 03-Nov-2008 11:43
Nigeria: Government, Italian Company Sign N2.5 Billion MoU on Tannery
Katsina State Government has signed a Memorandum of Understanding (MoU) valued at over N2.5 billion with an Italian firm, for revitalisation of the Daura Tannery.
Source : AllAfrica | 31-Oct-2008 11:44
Kenya: National Food Store Boosted
The Government has increased the national food reserve levels to counter the biting scarcity worldwide.
Source : AllAfrica | 31-Oct-2008 10:13
Nigeria: Fake Cigarettes Hit Nigerian Markets
Consumer Protection Council (CPC), yesterday said 10 containers loaded with fake cigarettes are set to be released into the Nigerian market unless relevant government regulatory and monitoring agencies swing into immediate action.
Source : AllAfrica | 30-Oct-2008 16:52
Nigeria: Nafdac Clamps Down on Importers, Exporters of Substandard Goods
National Agency for Food and Drug Administration and Control (NAFDAC), yesterday warned that it will no longer tolerate the importation of substandard products into Nigeria and will also not allow the exportation of substandard products out of the country.
Source : AllAfrica | 29-Oct-2008 15:19
Rwanda: Minister Quizzed Over Rising Commodity Prices
The Chamber of Deputies yesterday grilled the Minister of Commerce, Monique Nsanzabaganwa over the persistent increase of commodity prices on the local market.
Source : AllAfrica | 29-Oct-2008 13:52
Sierra Leone: Kailahun Close to Cut-Off Point
The Kenema - Kailahun road, a stretch of about 72 miles, has become so miserable that a lot of development programmes are been diverted from the district (Kailahun).
Source : AllAfrica | 28-Oct-2008 23:08
Kenya: Brokers Buy Cheap From Coffee Farmers
Some smallholder coffee farmers in Mount Kenya region are selling their produce to brokers at throw away prices raising fears of a further slump in the coffee industry.
Source : AllAfrica | 28-Oct-2008 22:37
Ghana: Cfao Almost Quadruples Profit
CFAO Ghana Limited has reported inspiring financial results for the third quarter of the year. The company chalked 398% growth in net profit over the same period last year.
Source : AllAfrica | 27-Oct-2008 21:24
Kenya: Sh500 Million EC Grant to Boost Coffee
The coffee industry is to benefit from a Sh500 million grant from the European Union.
Source : AllAfrica | 27-Oct-2008 11:14
Rwanda: Local Coffee Earns Record Prices
Rwandan coffee Thursday scored a record USD 39.7 (Frw21,865) per kg during the international on-line auctioning. Of the seven countries that auctioned under the prestigious coffee Cup of Excellence (CoE), Rwandan coffee was in fifth position, ahead of prominent coffee producers like Honduras and Costa Rica.
Source : AllAfrica | 27-Oct-2008 10:28
Kenya: Tea Agency to Open Marketing Office in Dubai
Faced with rising discontent among its producers over dwindled tea earnings, the Kenya Tea Development Agency is planning to open a marketing office in the Middle East.
Source : AllAfrica | 24-Oct-2008 18:37
Kenya: KCB Nine-Month Profit Rises 64 Percent
KCB has posted a 64 per cent improvement in its pre-tax profit for the first nine months of the year.
Source : AllAfrica | 24-Oct-2008 13:20
Nigeria: LCCI Urges Action Against Substandard GSM Handsets
The Lagos Chamber of Commerce and Industry(LCCI) has called on the Nigerian Communication Commission (NCC)) to take urgent action against the influx of fake and substandard General System for Mobile Communication (GSM) handsets and other Information Technology (ICT) products in the country.
Source : AllAfrica | 23-Oct-2008 13:54
Nigeria: 'Importation of Refined Sugar to Drop in 2009'
Importers of refined sugar into Nigeria may soon be forced out of business by stiff competition from locally refined sugar, the Chairman of BUA Group, Alhaji Abdulsamad Rabiu has said.
Source : AllAfrica | 23-Oct-2008 11:35
Kenya: Board Starts Buying Maize Grain
The National Cereals and Produce Board on Wednesday opened its western Kenya depots to start receiving maize harvests.Farmers will be paid Sh1,700 for per 90kg bag .
Source : AllAfrica | 23-Oct-2008 09:31
Rwanda: No Cemented Rice Allowed
The Rwanda Bureau of Standards often has to reject foreign donations because the goods are expired or inappropriately packed.
Source : AllAfrica | 22-Oct-2008 16:28
Rwanda: High Inflation, Low Coffee Prices
Rwanda's annual inflation has reached 20% on the back of high commodity prices, the government said on Tuesday, its highest rate in five years. Coffee prices on the international market, on the other hand, have dropped sharply.
Source : AllAfrica | 22-Oct-2008 16:28
Tanzania: Cashew Nut Exporter Decries Costs
High costs of processing cashew nuts are making the business less profitable in the country, a local firm has said.
Source : AllAfrica | 22-Oct-2008 15:55
Raise Cotton Farming, PS Growers Told
Industrialisation ministry PS, Prof. John Lonyangapuo has asked farmers in Kerio Valley to embark on cotton farming as demand for the crop is increasing.
Source : AllAfrica | 22-Oct-2008 14:31
Kenya: Millers Row Over Coffee Contracts
A vicious war is shaping up between commercial coffee millers over contracts to mill some 60,000 metric tonnes of coffee expected to be produced this season.
Source : AllAfrica | 22-Oct-2008 12:52
Kenya: Tea Dealers Given Deadline to Comply With New Rules
Operators in the tea industry have until December 31, 2008, to comply with the new regulations that seek to address various challenges facing the industry.
Source : AllAfrica | 22-Oct-2008 11:50
Tanzania: Board Pegs Cashew Prices
The Cashewnut Board of Tanzania (CBT) has announced indicative prices of cashews for Mtwara Region.
Source : AllAfrica | 21-Oct-2008 14:13
Uganda: Global Financial Crisis to Bite Off Coffee Profits
Most Ugandan coffee farmers sell their coffee beans to secondary dealers who then deliver to established firms that export to the international market.
Source : AllAfrica | 21-Oct-2008 11:01
Uganda: Another Local Coffee Brand Penetrates Western Market
Local coffee farmers could be destined for a bright future as more local coffee brands get nods from top European markets following a break through by another brand. Uganda Mountain Coffee, a 100 percent organic, AAA Arabica coffee a product of Uganda Coffee Development Authority (UCDA) and Heifer International partnership was launched last week in Boston, USA.
Source : AllAfrica | 20-Oct-2008 18:37
Africa: Cotton Subsidies Remain Big Hurdle in WTO Doha Round
The Doha Round was launched in 2001 in Doha, Qatar, to provide a developmental dimension to global trade by enabling developing and least developed countries to secure enhanced access for their products in rich country markets. However, there is a pronounced shift in the negotiations in the last seven years -- from developmental issues to the purely market-driven concerns of the dominant players.
Source : AllAfrica | 20-Oct-2008 12:24
Ghana: CEPS Opens New Valuation Office
The Deputy Minister of Finance and Economic Planning, Prof George Gyan- Baffour yesterday, in Accra, commissioned a new building for Customs, Excise and Preventive Service (CEPS) to enhance their core operations in classification and valuation of goods in the country.
Source : AllAfrica | 17-Oct-2008 16:33