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Senegal update

14 / 01 / 2019

Senegal update

The FAO has forecast Senegal’s 2018 paddy production at 920,000 MTS, down by 8.7% year-on-year but 19.3% above the five-year average. Harvesting began in November and is expected to conclude this...

Venezuela prices update

14 / 01 / 2019

Venezuela prices update

The price of rice has increased by around 127% in a month in Venezuela's capital of Caracas, according to local reports. The price has risen from VES 660 per kg (US $265,607 PMT) to VES 1,500 per kg...

Saudi Arabia to provide Pakistan with US $6 billion worth of financial aid

24 / 10 / 2018

Saudi Arabia to provide Pakistan with US $6 billion worth of financial aid

Saudi Arabia has signed an agreement to give Pakistan US $3 billion to boost the country’s foreign currency reserves amid its ongoing economic crisis, according to reports. Saudi Arabia will also...

State Bank of Pakistan raises interest rates by 100 basis points

01 / 10 / 2018

State Bank of Pakistan raises interest rates by 100 basis points

The State Bank of Pakistan raised its interest rates by 100 basis points on Saturday (29 September) to 8.5%, according to reports. This is the highest level in three years, with rising inflation...

Venezuela economy update

21 / 08 / 2018

Venezuela economy update

The Venezuelan government devalued the Bolívar by 95% yesterday (20 August) in an attempt to curb the country’s hyperinflation, according to local reports. It has also issued new...

Chinese Yuan depreciates to a yearly high against the U.S. Dollar

03 / 08 / 2018

Chinese Yuan depreciates to a yearly high against the U.S. Dollar

The Chinese Yuan reached a yearly high of CNY 6.84 against the U.S. Dollar on 2 August as relations between China and the U.S. have worsened. The Yuan weakened by 4% against the Dollar last month...

Togo update

03 / 08 / 2018

Togo update

The FAO has forecast Togo’s 2018 paddy production at 148,000 MTS, up by 6% year-on-year and unchanged from the five-year average. Planting of the paddy crop concluded in May and harvesting is...

Guinea update

03 / 08 / 2018

Guinea update

Planting of Guinea’s 2018 paddy crop is due to conclude in August for harvesting in October – January, according to the FAO. Paddy production in 2017 was supported by near-average...

Sierra Leone update

03 / 08 / 2018

Sierra Leone update

The FAO has estimated Sierra Leone’s 2017 paddy production at 1.4 million MTS, up by 20.6% year-on-year and 22.7% above the five-year average. Planting of the 2018 paddy crop began in March...

Mauritania update

03 / 08 / 2018

Mauritania update

The FAO has estimated Mauritania’s 2017 paddy production at 234,000 MTS, up by 13.04% year-on-year and 5.41% above the five-year average. Planting of the 2018 irrigated rice crop concluded in...

Senegal update

03 / 08 / 2018

Senegal update

Planting of Senegal’s 2018 paddy crop is underway and is due to conclude in August for harvesting in November – December, according to the FAO. Adequate rainfall since June is expected...

Nigeria update

03 / 08 / 2018

Nigeria update

The FAO estimates that Nigerian 2017 paddy production totalled 7.02 million MTS, up by 8% year-on-year and 21% above the five-year average; production was boosted by sufficient rainfall. Planting...

Ivory Coast update

03 / 08 / 2018

Ivory Coast update

The FAO has estimated the Ivory Coast’s 2017 paddy production at 2.12 million MTS, up by 3.11% year-on-year and 8.61% above the five-year average. Planting of the 2018 paddy crop began in...