August 2nd, 2018 | 0 commentsThe rise of fuel prices in June has added to the burdens shouldered by farmers as it has led to a further hike in the prices of fertilisers. Ahmed Mohareb, a farmer in the Beheira governorate, said that a 50 kilogram bag of urea, a kind of nitrogen fertiliser, had now reached LE285 compared to LE230 earlier. Urea is the most common nitrog...
August 1st, 2018 | 0 commentsMisr Fertilizers Production Co (Mopco) on Tuesday posted a 16.5% year-on-year decline in standalone profits for the first half of 2018. Net profit amounted to EGP 629.02 million in the six-month ended June, compared to EGP 753.49 million in H1-17, the company said in a filing to the Egyptian Exchange (EGX). Sales retreated to EGP 560.06 m...
July 18th, 2018 | 0 commentsSaudi Arabian Mining Company (Ma’aden) on Tuesday has announced that its subsidiary Maaden Bauxite and Alumina Company (MBAC) completed amending procedures for existing loan which worth SAR 3.75 billion ($1 billion) with Public Investment Fund (PIF) on Monday. The value that will be amended is SAR 3.5 billion ($935 million), according to...
June 27th, 2018 | 0 comments"Switzerland and Germany are two promising markets for Tunisia to develop the export of olive oil, particularly the sweet and ripe fruit varieties," said Country Director of the "Swiss Import Promotion Programme" (SIPPO) in Tunisia, Mohamed Jouneidi Abderrazak. He added, during a workshop, on the access of Tunisian olive oil to the Swiss...
June 27th, 2018 | 0 commentsSyria is planning to import around 1.5 million tonnes of mostly Russian wheat this year, as local wheat procurement is expected at around half a million tonnes, the country's internal trade minister said. Imports will mostly be Russian but Syria is also looking to buy Romanian and Bulgarian wheat, Abdullah al-Gharbi told Reuters. "We are...
June 21st, 2018 | 0 commentsEgypt’s agricultural exports rose by 13% year-on-year in the September-April period of fiscal year 2017/2018, a report issued by the Agriculture Export Council showed. Exports recorded 3.16 million tonnes during the eight-month period of FY17/18, compared to 2.802 million tonnes in the same period a year earlier, according to the state-ru...
June 11th, 2018 | 0 comments The Saudi Arabian Fertilizer Company’s (SAFCO) board of directors has recommended a cash dividend to shareholders for the first six months of 2018. The distribution will involve SAR 1 per share for a total of 416.666 million shares, bringing the value of the distribution at SAR 416.666 million, SAFCO said in a statement to the Saudi Stoc...
June 11th, 2018 | 0 commentsMisr Fertilizers Production Co (Mopco) on Sunday reported a 33% year-on-year fall in consolidated profits for the first quarter of 2018, recording a net profit of EGP 262.1 million from EGP 393.7 million. Revenues shrank by 11% to EGP 1.98 billion in the three-month period ended last March, versus EGP 2.2 billion the year-ago period, Mopc...
May 29th, 2018 | 0 commentsThe Egyptian Supreme Administrative Court on Saturday ruled in favor of an appeal, presented by the State Lawsuits Authority, against the ban over imports of Russian wheat after they were found to contain traces of Ergot fungus. This coincides with Moscow’s Russian-Egyptian summit on Wednesday. With the attendance of a Russian-Egyptian Bu...
May 28th, 2018 | 0 commentsTunisia is starting Monday a second round of negotiations with the European Union (EU) in anticipation of a Deep and Comprehensive Free Trade Agreement (DCFTA), with on the agenda among others negotiations on agriculture; while a survey conducted last March revealed that 90% of Tunisian farmers have never heard of the DCFTA. About 82% of...
