Crown Prince discusses Gaza situation with a number of world leaders    Prince Salman bin Sultan inaugurates Madinah Cultures and Peoples festival    Saudi minister underscores global cooperation in health at WEF Special Meeting    Saudi Foreign Minister discusses Gaza ceasefire with US Secretary of State    Saudi Electricity Company gains regulatory approval for increased weighted average cost of capital    Prince Abdulaziz highlights Saudi Arabia's role in circular carbon economy and energy transition    Saudi Arabia, WEF to launch center for space futures    Minister of Industry: Technology provides Saudi Arabia with a low-cost and low-volume industry    Kenya dam burst: Around 50 killed in villages near Mai Mahiu town    Gaza war: Rival protest groups clash at US campus    Scotland's leader Humza Yousaf resigns after a year in power    Arab –Islamic Committee seeks effective global sanctions on Israel    SFDA: Breast-milk substitute products are sugar-free complying with Saudi specifications    Al Shabab overpowers Al Ittihad with a 3-1 victory in Jeddah    Saudi Olympic team exits U-23 Cup in quarterfinals, loses Paris 2024 Olympics dream    Al Hilal triumphs over Al Fateh in a fierce 3-1 clash at Kingdom Arena    'Zarqa Al Yamama': Riyadh premieres first Saudi opera    Riyadh Season announces first overseas event with boxing gala in Los Angeles    Australian police launch manhunt for Home and Away star Orpheus Pledger    Spice Girls reunite at Posh's 50th birthday    JK Rowling in 'arrest me' challenge over hate crime law    Trump's Bible endorsement raises concern in Christian religious circles    Hollywood icon Will Smith shares his profound admiration for Holy Qur'an    We have celebrated Founding Day for three years - but it has been with us for 300    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Red meat prices skyrocket
Published in The Saudi Gazette on 29 - 03 - 2012

Butchers in Riyadh and Jeddah complain about the skyrocketing price of red meat which has affected their sales badly. They attributed the rise in prices to the increase in the price of sheep by 100 percent as compared to the previous year.
Another factor is the increase in the price of fodder forcing customers to switch to white meat, they said.
Abdullah Al-Asmary, a butcher, said the skyrocketing price of sheep has not prevented him from buying sheep to meet the needs of his middle-class customers.
He said until recently the price of one kilogram of mutton was SR30 but it has now jumped to more than SR50, adding that prices will continue to increase unless officials at the Ministry of Commerce and Industry and the mayoralties tighten control over the fodder and livestock markets.
He said animal breeders and livestock merchants are to be blamed for the unjustifiable increase in the price of sheep.
Sulaiman Al-Jabri, Chairman of the Livestock Committee at the Chamber of Commerce and Industry, Jeddah, said the red meat crisis in the local markets stems from the increase in the demand and the decrease in the supply of sheep. Many consumers stopped eating meat because they simply can't afford these prices. “The rise in the price of fodder at the local and international level has increased the price hike,” he said.
He said the government has to intervene to bring down prices by offering subsidies to the importers and merchants alike as is the case in some neighboring countries.
Marwan Helmi, president of Marwan International Trading Company said the company imported more than 870,000 tons of chilled and frozen meat from New Zealand, Australia, South America and the US in addition to some European countries in 2011, at a total cost of SR7.63 billion.
He said some national companies have entered into partnership with the first ever Saudi company, which imports deer meat from New Zealand to markets in the Kingdom and Gulf countries pointing out that the diversification of meat products will bring down prices.
The Security Food Committee at the Riyadh Chamber of Commerce said a study showed that the local demand for red meat reached 430,000 tons in 2011 while the actual supplied quantities amounted to 177,000 tons which shows that there is a gap or shortage of 253,000 tons.


Clic here to read the story from its source.