UAE, Brazil discuss high cost of animal feed

Updated Mar 19, 2021
(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 ...
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