PAAAFR reduces feed prices for livestock producers from March in Kuwait

Published 2023년 2월 21일

Tridge summary

The Public Authority for Agriculture Affairs and Fish Resources in Kuwait announced a reduction in feed prices for livestock breeders starting from March 1, 2023. The price cut will affect barley, hay, and concentrated mixtures, in response to the decline in the global feed market and the impact of the Russian-Ukrainian conflict on the global grain market. The move is aimed at stabilizing the local livestock and meat market and encouraging breeders to increase bids, furthering the country's food security goals. The new prices, which include barley at 4 dinars, straw at 4 dinars, mixtures and concentrates at 3.100 dinars, and center at 3.150 dinars, were reached through collaboration with the Kuwaiti Flour Mills and Bakeries Company.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Price cut includes barley, hay and concentrated mixtures The Acting Director General of the Public Authority for Agriculture Affairs and Fish Resources, Eng. Mishaal Al-Quraifa, announced, Monday, the reduction of feed prices, starting from the first of next March, for all livestock breeders and producers, reports Al-Jarida daily. Al-Quraifa said in a statement to Kuwait News Agency that the new prices would contribute to the return of stability to the local livestock and meat market and motivate breeders to increase their bids in order to achieve the state’s goals in enhancing food security. Reduction He added that the price reduction includes both barley, hay and concentrated mixtures, and was reached with the authority’s efforts and joint coordination with the Kuwaiti Flour Mills and Bakeries Company based on the decline in the global feed stock market and the Russian-Ukrainian war, which severely affected the global grain and food market. He thanked the Board of Directors of ...

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