SA buys 35,000 tons of Russian wheat
IOL Business - Jul 31st 2012, 09:33
A South African flour mill has made a rare purchase of about 35,000 tonnes of Russian-origin milling wheat, European traders said on Monday.
It was for August/September shipment. Price was unavailable.
“Russian wheat is still highly competitive for spot export positions for this size of shipment but the number of Russian wheat sales offers for deferred shipment positions has been cut sharply until the outcome of the upcoming Russian government meeting on the grains market is known,” a trader said.
A newly formed commission on food security, chaired by Russian Deputy Prime Minister Arkady Dvorkovich, will meet on August 8 to discuss the grain market.
Russia's grain trade association and analysts said they see no need for grain export restrictions to be imposed by Russia.
But poor harvest yields after a hard winter and a heatwave have been pushing Russian wheat prices up. - Reuters
Shoprite dismisses plans to close Tanzania shop
21/05/2013 - 08:56
The South African supermarket chain, Shoprite, which invested its business in the country some years ago has dismissed recent speculations regarding the imminent closure of some of its stores and possible exit from Tanzania for good.
Germany narrowly scrapes by recession
16/05/2013 - 10:04
Frankfurt -The German economy, Europe's biggest, got off to an unexpectedly weak start to the year, as it battled freezing winter weather, sagging exports and weak investment, official data showed on Wednesday.
Zimbabwe: Lifestyle Holdings introduce TN Virtual Mart
14/05/2013 - 08:46
Diversified company Lifestyle Holdings has introduced a TN Virtual Mart — where it will deliver groceries to its clientele’s doorstep, as competition in the country’s retail sector intensifies.
Namibia: Give poultry industry protection
13/05/2013 - 11:18
A Namibia Trade Forum official has defended proposed government plans to grant interim protection to the local broiler industry against cheap imports.
SA, Nigeria set to rev up trade
06/05/2013 - 07:47
Johannesburg - Nigerian President Goodluck Jonathan and his South African counterpart Jacob Zuma will discuss ways to boost trade between Africa's two biggest economies during talks in Cape Town next week.