INSEAD Day 4 - 728x90

EasyLease H1 profit $12.2m

Revenue rises on stronger operations.

FAB profit edges higher

Income growth supports steady earnings.

UAB H1 profit climbs

Income, lending drive first-half growth

Sanad posts record revenue

Growth driven by global demand for services.

Bank of Sharjah profit up 39%

Bank's total assets grow 10% to $14.4 billion.

Saudi Arabia has stable food stocks, says agriculture minister

Saudi Arabia’s Minister of Environment, Water, and Agriculture Abdul Rahman Al-Fadli. Saudi Press Agency
  • Abdul Rahman Al-Fadli said Saudi Arabia’s food commodity markets had not experienced any supply shortages
  • The country has been ranked one of the world’s best in terms of food abundance, added the agriculture minister

Saudi Arabia’s Minister of Environment, Water, and Agriculture Abdul Rahman Al-Fadli on Saturday said that there are no concerns regarding the availability of food in the country.

His assertion, as reported in local media came amid the current Russian-Ukrainian crisis.

Saudi Arabia has taken steps to maintain the stability of domestic supply in accordance with the food security strategy, said the local reports.

Al-Fadli, who is also the head of the food security committee, was quoted as saying that the supply chains of agricultural, livestock, and food commodities are safe, reliable, and ongoing.

He was apparently referring to the volume of domestic production and sufficiency rates of many commodities.

This supply safety and adequacy are also said to be the result of the multiple global import sources of imported goods, which preclude any scarcity of supply because of the crisis.

He added that the local stocks of basic food commodities are all at safe levels and there is no fear of any shortage of supply.

The commodities include wheat, rice, sugar, food oils, poultry meat, red meat, fish, eggs, milk and its derivatives, vegetables and fruits, dates, barley, corn, soybeans, and greenfeed.

Al-Fadli also said Saudi Arabia’s food commodity markets had not experienced any supply shortages.

The country has been ranked one of the world’s best in terms of food abundance, he added.