Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Imported veggies hurting local farmers  Join our daily free Newsletter

MENAFN - Arab News - 02/05/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) A number of local investors and fruit and vegetable traders in jeddah have expressed concern about the decline in prices of the national produce by 30 percent owing to the increased imports of various types of fruits and vegetables especially tomatoes from neighboring arab countries.

ali al-marzouq an investor called for strict regulation to prevent the placing of imported tomatoes alongside the local produce in jeddah's vegetable market.

he said traders and investors were surprised to find in the last few days large quantities of imported tomatoes being sold along with the local produce in the market noting that the additional agricultural products were directly affecting the prices of the homegrown products.

al-marzouq also called on authorities to monitor such activities more closely.

'the prices of tomatoes dropped from sr12 to sr8 for a six kilogram box a decline of 33 percent" al-marzouq said. he expressed fears of further fall in prices of the national produce with the increase in the quantity of imported tomatoes.

abdul hakim al-mahfouz another investor in jeddah's vegetable market said the volume of the precious tomatoes currently represents 30 percent of the total supply in the market.

farmers in usfan near jeddah are struggling especially as may is the month of harvest. 'as these farms harvest large quantities of produce they will be forced to sell regardless of the price" he said.

al-mahfouz called for solutions to the problem of unfair competition in the vegetable market pointing out that there is only one month left for the current planting season.

al-mahfouz added: 'the declining prices of agricultural products is disastrous for farmers especially with the ongoing crisis of shortage of foreign labor and the difficulties farmers are facing in obtaining sufficient agricultural labor. the shortage of labor has also contributed to a 25 percent rise in monthly wages."

he said that added to this is the intention of many of the foreign laborers to return to their countries by mid-may which will put the farmers in real trouble.


 


Arab News




  MENA News Headlines
 Nov 28 2014 - UAE hints at body to monitor forex pegThe Peninsula
(MENAFN - The Peninsula)   An advisory body to the UAE government has suggested that the central bank review the country's currency peg to the US dollar, but local bankers said any change to the peg ...

 Nov 28 2014 - Qatar bourse index down by 3.72pc last weekThe Peninsula
(MENAFN - The Peninsula)  Qatari bourse fell on heavy selloff on latest Opec pessimism on output cut. The benchmark index plunged by 1.39 percent to finish at 13,330 yesterday.The entire sector ...

 Nov 28 2014 - Qatar calls for creating Common Islamic MarketThe Peninsula
(MENAFN - The Peninsula)  Speaking on behalf of all Arab countries, Qatar's Minister of Economy and Commerce, H E Sheikh Ahmed bin Jassim bin Mohamed Al Thani, yesterday at the Ministerial Session of ...

 Nov 28 2014 - Saudis block Opec output cutThe Peninsula
(MENAFN - The Peninsula)  Saudi Arabia blocked calls yesterday from poorer members of the Opec oil exporter group for production cuts to arrest a slide in global prices, sending benchmark crude ...

 Nov 28 2014 - Don't bypass oil firm, Libya rival govt warnsThe Peninsula
(MENAFN - The Peninsula)  Libya's parallel government controlling the capital will take legal action against buyers of oil bypassing the Tripoli-based state oil firm National Oil Corporation (NOC), ...

 Nov 28 2014 - Qatar Airways partners with Coca Cola IPTLThe Peninsula
(MENAFN - The Peninsula)  Qatar Airways (QA) has teamed up with Coca-Cola International Premier Tennis League (IPTL) as the presenting sponsor for the inaugural edition of the event.The IPTL is the ...

 Nov 28 2014 - Aljazeera to hold global hackathonThe Peninsula
(MENAFN - The Peninsula)   Aljazeera is organising its first hackathon where some of the most innovative minds in media and technology from around the globe will work together and collaborate on the ...

 Nov 28 2014 - GCC 'Summit key to boosting unity'The Peninsula
(MENAFN - The Peninsula)  H M King Hamad bin Isa Al Khalifa of Bahrain yesterday met GCC Secretary-General Dr Abdullatif bin Rashid Al Zayani, who is on a GCC tour.King Hamad stressed the importance ...

 Nov 28 2014 - India- New visa rules to boost tourist numbersThe Peninsula
(MENAFN - The Peninsula)   Tourists travelling to India from 43 countries, including the US, will no longer have to queue at their local consulates to obtain visas after New Delhi yesterday announced ...

 Nov 28 2014 - Pakistan talking to Qatar about LNG imports in 2015The Peninsula
(MENAFN - The Peninsula)  Energy-starved Pakistan is negotiating with Qatar to begin imports of liquefied natural gas (LNG) early next year, Pakistan's petroleum minister said on Friday.Pakistan is ...

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

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

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
Economic Calendar
Financial Glossary


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


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help