Blumberg Grain is looking to sign a deal within the coming weeks with Algeria's state grain agency OAIC to build high-tech wheat silos that can store up to 1 million tonnes of the grain.
"We are looking to sign something
At the far corner of a faceless government building in Cairo an unusually high-tech attempt to stem Egypt's waste-and-theft-riddled wheat market is quietly coming online this month.
A dimly lit room awash w
Private agribusiness group Al Dahra plans to start operating grain silos in Fujairah in the UAE by January, after taking over a site built by the authorities for strategic food supplies, a senior manager said.
Iraq has enough wheat to last until March despite Islamic State militants taking over large areas of fertile land in the north, the head of the country's main grain-importing organisation told Reuters on Thursday.
Egypt, the world's largest wheat importer, wants to be a ‘global logistics hub’ for grain storage by securing its own strategic reserves and exporting locally made flour to other Arab states, the supply minister said on Tuesday
Turmoil in Ukraine is driving Middle Eastern grain buyers to shy away from striking new deals there and to consider rival suppliers, a shift that is likely to push up import bills.
The Black Sea region, mostly Ukraine and Russia,
A Syrian state agency has again issued an international tender to purchase and import 276,000 tonnes of white refined sugar, offering payment from bank accounts frozen by Western sanctions, European traders said on Tuesday.
Global food markets face further volatility in 2013 as stocks and supply of key cereals have tightened, the UN food agency said on Thursday, even as world food prices fell for a second month in November to their lowest since Ju