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
 Jan 31 2015 - Bahrain's Investcorp to buy Spanish ceramics firmMENAFN
(MENAFN) Bahrain-based Investcorp said that it will be acquiring Fritta, a Spanish company that makes products for the ceramics industry, Arabian Business reported.Fritta produces important items in ...

 Jan 31 2015 - Total wins 10 percent stake in Abu Dhabi oil concessionsMENAFN
(MENAFN) French company Total said that it has signed a deal with the Abu Dhabi National Oil Company (Adnoc) for a 10 cent stake in developing oilfields in Abu Dhabi as part of oil concessions for a ...

 Jan 31 2015 - Iraqi oil exports decline in JanuaryMENAFN
(MENAFN) Iraq, OPEC's second-largest producer, registered a decline in its oil exports from its southern region in January from a record high recorded in the previous month due to shipping delays, ...

 Jan 31 2015 - Vodafone Qatar revenue up 21 percent in 9MMENAFN
(MENAFN) Vodafone Qatar's said its total revenue grew by 21 percent to USD474.59 billion for the nine months ended December 31, 2014, The Peninsula Qatar reported.The company's mobile customer base ...

 Jan 31 2015 - Qatar Airways to acquire 10 percent of IAGMENAFN
(MENAFN) Qatar Airways announced that it has bought nearly 10 percent of the parent company of British Airways and Spain's Iberia, deepening wealthy Qatar's business ties to Europe, Arab News ...

 Jan 31 2015 - Saudi RCJY signs three deals worth USD138.25mMENAFN
(MENAFN) Chairman of the Royal Commission for Jubail and Yanbu (RCJY) signed three contracts worth USD138.25 million to provide essential equipment and develop industrial zones, Arab News ...

 Jan 31 2015 - Saudi- Outspoken prince to launch pan-Arab news channelThe Peninsula
(MENAFN - The Peninsula) An outspoken, billionaire Saudi prince will on Sunday launch a pan-Arab satellite news channel aimed at challenging established networks in the region.Prince Alwaleed bin ...

 Jan 31 2015 - Qaeda in Yemen says France top enemyThe Peninsula
(MENAFN - The Peninsula) The ideological leader of Yemen-based Al-Qaeda in the Arabian Peninsula (AQAP) said Friday that France had surpassed the United States as the top enemy of Islam.With the ...

 Jan 31 2015 - Qaeda group launches assault on Western-backed Syria rebelsThe Peninsula
(MENAFN - The Peninsula) Al-Qaeda's affiliate in Syria battled Western-backed rebels Friday as the jihadists pressed their bid to seize control of northern areas, a monitoring group and rebels ...

 Jan 31 2015 - Iraq- Air strike kills IS 'chemical weapons expert'The Peninsula
(MENAFN - The Peninsula) A US-led coalition air strike killed a chemical weapons specialist with the Islamic State group in Iraq who once worked for Saddam Hussein, US military officers said ...

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