Quotes: US 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.


 






  MENA News Headlines
 Jul 30 2014 - Safe haven status boosts investment scope in UAEspanKhaleej Times
(MENAFN - Khaleej Times) E political situation in the region has made Dubai into a magnet for families from across the region to set up home and establish regional or global offices for their ...

 Jul 30 2014 - Tech Mahindra eyes expansion in Saudi ArabiaspanKhaleej Times
(MENAFN - Khaleej Times) Ch Mahindra a specialist provider of connected solutions has announced that it has signed a joint venture agreement with Midad Holding which is a subsidiary of Al Fozan a ...

 Jul 30 2014 - Middle East earns 1 of global market research revenuesspanKhaleej Times
(MENAFN - Khaleej Times) E entire Middle East region earned only a meager one per cent of the global market research revenues which indicates the potential for market research that is prevalent in ...

 Jul 30 2014 - Dewa to show smart initiatives at Gitex 2014spanKhaleej Times
(MENAFN - Khaleej Times) Bai Electricity and Water Authority or Dewa has announced its participation in Gitex 2014 to be held from October 12-16 at the Dubai World Trade Centre.Dewa will showcase its ...

 Jul 30 2014 - Sico first-half net profit jumps 166spanKhaleej Times
(MENAFN - Khaleej Times) Curities & Investment Company or SICO licensed by the Central Bank of Bahrain as a conventional wholesale bank announced its financial results for the second quarter of 2014 ...

 Jul 30 2014 - Taqa Arabia eyes Egypt expansionspanKhaleej Times
(MENAFN - Khaleej Times) Laa Holdings announced that its energy sector subsidiary Taqa Arabia aims to expand its network of fuel stations in Egypt through Taqa oil marketing company.The company ...

 Jul 30 2014 - Real estate to pick up from next week: Industry expertspanKhaleej Times
(MENAFN - Khaleej Times) Bai Land Department transactions exceeded Dh113b for H1 The real estate market in Dubai is expected to pick-up again from next week after a slowdown during the last couple of ...

 Jul 30 2014 - Memon to hand over five projects in 2014spanKhaleej Times
(MENAFN - Khaleej Times) Mpany working on Dh1.Memon Investments has planned to hand over five projects worth more than Dh600 million in the next five months and is also planning to launch five new ...

 Jul 30 2014 - ADFD funding in underdeveloped countries hit Dh61bspanKhaleej Times
(MENAFN - Khaleej Times) E development finance institution articulates the UAEs continued commitment to support the development process of emerging countries.An exterior view of power plant in ...

 Jul 30 2014 - UK and US preferred by Arab travellers: MarriottspanKhaleej Times
(MENAFN - Khaleej Times) E US takes the lead when it comes to bookings with 20 per cent of all reservations closely followed by the UK which accounts for 16 per cent.Marriott International has ...

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