Justice minister, DGA chief discuss partnership to boost digital judicial services    Netanyahu does not rule out further strikes on Hamas leaders    US farmers are being squeezed – and it's testing their deep loyalty to Trump    Romania condemns 'irresponsible' Moscow after Russian drone breaches its airspace    Kirk's assassination is forcing US politicians to make difficult choices about their safety    India players refused handshakes, says Pakistan coach    Final stage of Spanish Vuelta cycling race abandoned after disruption by pro-Palestine protesters    Mané fires Al Nassr past Al Kholood to keep perfect start as Ronaldo honored    Lacazette brace earns NEOM SC first Saudi Pro League win    Adolescence star Owen Cooper makes Emmys history at 15    Saudi liquidity grows 8.4%, reaching SR3.1 trillion in July 2025    Over 434,000 people acquire first aid skills during nationwide health campaign    Saudi Arabia's legislative advancement highlighted at International Conference on Judicial Training    Sudden swerving among 3 major causes of accidents in Riyadh in 2024    Princess Haifa emphasizes pivotal Saudi role in shaping future of tourism    Sahm Capital names Saudi Olympian Fayik Abdi as brand ambassador    SR9000 fine for copyright infringement using AI    King Charles and Prince Harry finally reunite after 19 months apart    Anastacia: Arnold Schwarzenegger made me sing Whatta Man 12 times    Thousands pay their last respects to Giorgio Armani, private funeral on Monday    The key to happiness    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    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.



Arab agricultural firm plans poultry projects in Kingdom
Published in The Saudi Gazette on 09 - 04 - 2011

JEDDAH: The Arab Authority for Agricultural Investment and Development (AAAID) is planning to invest $750 million in projects in the next four years, its chairman has announced.
Ali Bin Saeed Al Sharhan said the investments would include help for agriculture, food and poultry projects in Saudi Arabia.
A number of deals would also be done to encourage the production of cereals across the Arab World, he said in comments published by Kuwait's state news agency.
The AAAID also plans to establish a firm for agricultural and poultry products in the UAE, he said, adding that a soy and clover production unit would be set up in Egypt.
The authority, founded in 1976, is headquartered in Khartoum with a regional bureau in Dubai.
Its objectives include helping to achieve Arab food security and developing agricultural resources across the region.
UAE member Fujairah has launched a grains storage project of AED1 billion ($272.3 million) in a bid to boost food security, a report said Tuesday.
The project is expected to reach capacity of 100 million tons.
Meanwhile, world food prices fell for the first time in eight months in March after hitting record highs at the start of the year, the UN's Food and Agriculture Organization (FAO) based in Rome said Thursday.
The FAO's Food Price Index dropped after eight months of continuous price spikes to an average 230 points in March, down 2.9 percent from its peak in February, but still 37 percent above March 2010, the agency said.
"The decrease in the overall index this month brings some welcome respite from the steady increases seen over the last eight months," said David Hallam, director of FAO's trade and market division.
"But it would be premature to conclude that this is a reversal of the upward trend," he added.
March was extremely volatile for grains, largely due to growing economic uncertainties and the turmoil in North Africa and parts of the Near East as well as the Japanese earthquake and tsunami, the FAO said.
However, the Food Price Index, which monitors average monthly price changes for a variety of key staples, showed that international prices of oils, sugar and cereals had dropped.
Rice prices also fell as a result of abundant supply in exporting countries and sluggish import demand.
By contrast, dairy and meat prices were up, although only marginally in the case of meat.
"We need to see the information on new plantings over the next few weeks to get an idea of future production levels," Hallam said.
"But low stock levels, the implications for oil prices of events in the Middle East and North Africa and... Japan all make for continuing uncertainty and price volatility over the coming months," he said.
The oil and fats price index fell 19 points in March, breaking nine months of consecutive increases, while the sugar price index averaged 372 points – down as much as 10 percent from the highs of January and February.
The dairy price index averaged 234 points, up 1.9 percent from the previous month and 37 percent above its level in March 2010, while the meat price index changed little from its February levels at an average of 169 points.
World food prices hit record highs at the beginning of the year and the agency had warned in March that oil price spikes could push them even higher as increasing violence in Libya sent jitters through commodity markets.


Clic here to read the story from its source.