UAE, Brazil discuss high cost of animal feed

Published 2021년 3월 18일

Tridge summary

The Arab Brazilian Chamber of Commerce (ABCC) and the Ministry of Economy of the United Arab Emirates (UAE) hosted an online meeting to discuss the current state of the animal feed market. The increase in prices of commodities such as soya and maize has led to a crisis in commodity imports to the UAE, with costs going up by 50% to 60% in the last two months. The UAE is struggling to purchase animal feed from Brazil. The meeting included discussions on the global soya market, Brazil's leading role as a producer and exporter of soya, and the impact of soya price hikes on domestic consumption. The ABCC expressed its readiness to aid in resolving trade issues between Brazil and the UAE.

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Original content

(MENAFN - Brazil-Arab News Agency (ANBA)) São Paulo – The Arab Brazilian Chamber of Commerce (ABCC) and the Ministry of Economy of the United Arab Emirates hosted this Thursday morning (18) an online meeting of public entities and private sector players in Brazil and the UAE to discuss the animal feed market conjuncture. The hike in prices of commodities such as soya and maize has driven up feed costs, and the UAE are having trouble buying from Brazil. Emirates National Food CEO Janete Al-Haidar said since maize and soya prices went up, in January, there was a sharp increase in the price of feed for her poultry. 'We own the biggest poultry farm in the UAE. The hike in prices was devastating to us. There are subsidies available in other emirates, but that is not the case here in Dubai,' she said . Al-Haidar said current prices are not sustainable in the long run. The soya and maize hike triggered a crisis in commodity imports to the UAE, since costs have gone up 50% to 60% in the ...

Source: Menafn