Morocco Worrying Spike in Vegetable Prices Before Ramadan

Rabat – The consumer price index (CPI) for March shows an increase of over 12 percent for Moroccan vegetable prices, amid concerns that vegetables prices will continue to rise as Ramadan approaches, a time when further increases are usually expected.Like several other food products, fruits and vegetables have significantly increased over the last two months.According to the recent note on the consumer price index data report released by the High Commission for Planning, the CPI rose up to 1 percent during the month of March 2016, compared to the previous month. The CPI went up as a result of the 2 percent increase in the index for food products and 0.1 percent of non-food products.The same source said that the concern over increases in food staples between February and March 2016, focused predominately on vegetables, which rose 12.2 percent. Fish and seafood increased by 3.0 percent, fruits 2.1 percent, milk, cheese and eggs 1.4 percent, and meat by 0.2 percent. However, prices of oils and fats fell by 0.4 percent during that same period.For non-food products, the increase mainly concerned the price of fuel, which went up by 2.0 percent despite the decline of oil prices. Actually, a barrel of U.S. benchmark West Texas Intermediate crude oil most recently traded at $50.14, after briefly dipping below $50 per barrel.Compared to the same month of the previous year, the consumer price index recorded an increase of 1.8 percent.The most noticeable hike in vegetable prices was in onions.Onions in Morocco are normally sold for one to two dirhams per kilogram. Over the past few months however, their prices significantly increased to 14 dirhams per kilo.The government justified the high price of onions due to hindered domestic agricultural output this year caused by delayed and almost absent rainfall.To combat the rising price of onions, the government has started importing a “large” amount of onions from outside the country, the first time it has done so in the history of Morocco.Edited by Robert Allen read more

Oil drops almost 2 to US10739 as fears of military intervention in

AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email by The Associated Press Posted Sep 10, 2013 1:29 pm MDT NEW YORK, N.Y. – Oil dropped nearly two per cent Tuesday as support grew behind a plan for Syria to cede possession of its chemical weapons in a move to avoid a potential U.S. military strike.Benchmark West Texas Intermediate crude for October delivery fell $2.13, or 1.9 per cent, to close at US$107.39 a barrel on the New York Mercantile Exchange. It was the biggest one-day decline in three weeks.Oil prices have been at elevated levels for two weeks following President Barack Obama’s call for military action against the government of Syrian President Bashar Assad in retaliation for what the White House says was a chemical weapons attack against civilians.But on Tuesday, a diplomatic solution seemed at hand after Syria said it had accepted a deal pushed by Russia — and based on comments by U.S. Secretary of State John Kerry — to put its chemical weapons under international control for their later dismantling.As the Syrian situation develops, traders will be also monitoring fresh information on U.S. stockpiles of crude and refined products.Data for the week ended Sept. 6 are expected to show declines of two million barrels in crude oil stocks and one million barrels in gasoline stocks, according to a survey of analysts by Platts, the energy information arm of McGraw-Hill Cos.A report on stockpiles from the U.S. Energy Department’s Energy Information Administration — the market benchmark — will be out on Wednesday.Brent, the benchmark for international crudes, dropped $2.47, or 2.2 per cent, to US$111.25 per barrel on the ICE Futures exchange in London.In other energy futures trading on Nymex, wholesale gasoline fell seven cents to US$2.74 a U.S. gallon (3.79 litres), heating oil lost five cents to US$3.07 a gallon and natural gas lost two cents to US$3.58 per 1,000 cubic feet.(TSX:ECA), (TSX:IMO), (TSX:SU), (TSX:HSE), (NYSE:BP), (NYSE:COP), (NYSE:XOM), (NYSE:CVX), (TSX:CNQ), (TSX:TLM), (TSX:COS.UN), (TSX:CVE) Oil drops almost 2% to US$107.39 as fears of military intervention in Syria ease read more

More on Minnovare and Northern Star Production Optimiser trial

first_imgMore details have emerged of the results Northern Star Resources achieved by implementing Minnovare’s Production Optimiser technology over a two-month period at one of its Kalgoorlie gold operations.A newly released case study, co-authored with Northern Star Resources, showed the Production Optimiser technology not only increased drilled metres by 17% at the operation, it also helped deliver the highest average stope recovery in the life of the operation.If maintained over a full year’s production, that represents an additional 5,000 oz and A$8.4 million ($6.1 million) additional revenue – equivalent to a 3.5% increase in forecast stope turnover, according to Northern Star Mining Services General Manager, Rob Parsons.The two-month trial saw the Production Optimiser implemented at one of the Kalgoorlie operation in April 2018, with three long-hole production rigs running.Parsons said: “The collaboration with Minnovare initially stemmed from the observation that too much time was being spent re-drilling holes (due to inaccuracy). The other problem we identified was the difference between the drill rig’s onboard inclinometers, and what was actually being drilled. It was most visible looking at the final stope pick up – the actual shape didn’t line up with what you had designed. So, we were doing extra work just to validate where things really were.”Minnovare’s Production Optimiser system combines advanced hardware and software that enhances the speed, accuracy and reliability of long-hole production drilling. This leads to improved stope productivity and, ultimately, increased profitability, Minnovare says.The system can be retrofitted to any make or model of drill rig and works independently of the rig’s onboard systems.Parsons said: “We achieved, on average, 100 additional drill metres per day in the two months immediately after implementing the new technology, thanks to reduced rig setup time and re-drills. That’s roughly a 17% increase in drilled metres. During the same period, we reduced average blast-hole deviation (from planned toe-point) by 75%.“In terms of stope ore recovery, those two months combined were the highest average for the life of the operation. The increased drill rate and stope ore-recovery equates to an approximate 3.5% reduction in stope turnover time.”Minnovare Managing Director, Callum McCracken said: “Minnovare worked closely with Northern Star from day one to successfully implement the Production Optimiser on site. As the drillers and engineers continued to use the system they’ve seen further gains in drilled metres and a continuation of the improved recovery rate. That’s thanks to optimal blasts and a faster stope turnover, which is a direct consequence of greater drilling accuracy, speed and reliability.”Since the trial has taken place, Minnovare and Northern Star have signed a technology collaboration agreement to develop and implement Minnovare technology across NSR’s Western Australia operations.last_img read more