Grain is loaded aboard a ship at a port near Rosario, Argentina. 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
The Asian Development Bank (ADB) on Thursday revised downwards its outlook for India’s GDP growth for the financial year 2019-20 to 7 per cent from its previous forecast of 7.2 per cent due to shortfall in the previous fiscal.
The Sharjah Chamber of Commerce & Industry, SCCI, represented by the Sharjah Training & Development Center (STDC), has recently launched an online course on the “infection and ways to prevent and combat it”.
The UAE stocks continue to respond favourably to the country-level fiscal incentives and stimulus packages being launched, and gained Dhs12.5 billion in market cap by the end of Sunday’s session.
Egyptian banks have been instructed to apply temporary limits on daily withdrawals and deposits in a move seemingly designed to control inflation and hoarding as concern grows over the spread of the coronavirus.
Finance Minister Nirmala Sitharaman asked public and private sector banks to ensure uninterrupted banking operations and flow of liquidity. In a series of tweets, the office of Sitharaman said that she spoke to chiefs of public sector banks and representatives of private banks.