A harvester machine is used at a maize field in Bouchain, France. Reuters
Farming agency FranceAgriMer raised its estimate of French soft wheat stocks at the end of the 2018-19 season last month but the volume was still a five-year low for the European Union’s biggest wheat producer.
Egypt, the world’s largest wheat importer has bought 2.7 million tonnes (mt) of wheat from its farmers so far this season, the state-owned newspaper said. Egypt has said it aims to procure 3.6 million tonnes
Gazing over his wheat field in northeastern Syria, farmer Adel Othman expects a bumper crop this year, but two rival authorities squabbling over his harvest have dashed his enthusiasm.
For the second week in a row the U.S has recorded high jobless claims, increasing the fears of economic damage. The fear has pushed investors towards Gold and the price has jumped over 1% on Thursday.
Dubai Economy issued fines to nine pharmacies and two pharmaceuticals suppliers for inflating the prices of face masks and trying to take undue advantage of the high demand for hygiene essentials following the nationwide alert against the Covid-19 pandemic.
The total value of the UAE’s non-oil trade in the first half of 2019 increased to Dhs786 billion, a 3.3 per cent growth compared to Dhs760.5 billion in the first half of 2018, according to the Federal Competitiveness and Statistics Authority, FCSA.