Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi- Ripple Effect: Meeting the challenge of rising rice demand  Join our daily free Newsletter

MENAFN - Arab News - 16/02/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) Rice is a staple food in Saudi Arabia. The rising imported rice prices due to lack of supplies will have a ripple effect on a daily diet of people



Meeting the rapidly growing demand for rice is a critical challenge for the country's policymakers and the main priority will be to make rice available in bulk in the country to avoid any further increase in rice prices, which have surged about 20 percent in a month



Due to full dependence on imported rice, insignificant local production and population growth, the government has to find ways to cut down rice imports by expanding the scope of natural agricultural production



Saudi Arabia's import requirements of rice in 2014 are expected to reach above average levels of about 1.3 million tons as per the UN Food and Agriculture Organization (FAO) estimates, and per capita rice consumption is likely to remain at around 40 kg in 2014 compared to 17.86 kg in 1999 and 35.90 kg in 2011



The demand for rice is likely to grow in Saudi Arabia with the rise of immigrant work force from other Asian rice-eating countries and pilgrims coming for Haj and Umrah



Saudi Arabia's keenness to acquire foreign farmlands may not have come as a surprise as it is the largest country on earth without rivers. Saudi Arabia has been a food deficit country and will continue to be for many years to come



There is a good move by the government as it is encouraging agricultural investments abroad in rice and other crops, and re-exporting products to Saudi Arabia



About 70-80 percent of rice imports by Saudi Arabia comprise basmati rice from India. Thailand, Pakistan and the United States are other main suppliers of rice to Saudi Arabia

 






  MENA News Headlines
 Jul 28 2014 - Muslims mark sombre Eid in bloodied GazaAFP
(MENAFN - AFP) The end of a month of fasting was supposed to be a time to celebrate for Abeer Shamali. But instead, she spent the Muslim Eid feast at the grave of her teenage son. Fellow mourners ...

 Jul 28 2014 - Radiant During RamadanMuscat Daily
(MENAFN - Muscat Daily) Keep your skin and hair glowing and shiny even as you're fasting in this holy month. Some tips... Moisturise Your skin too gets dehydrated when you fast. It is ...

 Jul 28 2014 - Cream of the CropMuscat Daily
(MENAFN - Muscat Daily) Mahmood Said Humaid al Shibli glances at the wall clock. It's 11am with change, and only two hours to ''go to plate''.  There's crepes to layer, oranges to slice and ...

 Jul 28 2014 - Coaches satisfied with Mansoor's performance at youth sailing worldsMuscat Daily
(MENAFN - Muscat Daily) Despite young Mansoor al Mahrooqi's last-place finish in a field of 57 sailors in the Laser Radial class at the ISAF Youth Sailing World Championship held recently, Oman ...

 Jul 28 2014 - ORT set for Belgian challengeMuscat Daily
(MENAFN - Muscat Daily) Oman Racing Team (ORT), led by Muscat-based racer Ahmad al Harthy, has managed just 12 points over the past three rounds of the 2014 Blancpain Endurance Series. Despite ...

 Jul 28 2014 - Alizz islamic bank reports RO2.6mn lossMuscat Daily
(MENAFN - Muscat Daily) Alizz islamic bank has reported a loss of RO2.6mn for the period ended June 30, 2014 which the bank said, in a disclosure to the Muscat Securities Market, "is in line ...

 Jul 28 2014 - Duqm Airport takes offMuscat Daily
(MENAFN - Muscat Daily) The newly opened Duqm Airport received its first Oman Air flight ahead of schedule on Wednesday with officials saying that the facility will serve as an air transport and ...

 Jul 28 2014 - All you want to know about Oman - on a busMuscat Daily
(MENAFN - Muscat Daily) Highlighting the leadership of His Majesty Sultan Qaboos bin Said, the National Centre for Statistics and Information (NCSI) has launched a new initiative that will see public ...

 Jul 28 2014 - MoHC invites bid for construction of $250mn Oman Cultural ComplexMuscat Daily
(MENAFN - Muscat Daily) After announcing the appointment of the UK-based international consultancy and construction company, Mace as project manager for the Oman Cultural Complex (OCC), the Ministry ...

 Jul 28 2014 - Vale Volunteers host event for Al Noor AssociationMuscat Daily
(MENAFN - Muscat Daily) Under the auspices of the Wali of Liwa, H E Dr Sheikh Said bin Humaid al Harthy, Vale Volunteers recently hosted a special iftar in honour of the Al Noor Association for the ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help