Wednesday, 12 December 2018

 


Meat prices expected to drop ahead of Ramadan

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AMMAN –– Prices of red meat are expected to drop in the next few weeks due to excess supply on the local market, Minister of Agriculture Saeed Masri said on Wednesday.

In an interview with The Jordan Times, he indicated that local fresh meat prices, which currently range between JD9 and JD10 per kilo, will not drop below JD7.5 and JD8 per kilo due to the high cost of fodder.

He added that the ministry has decided to allow the export of local meat to Gulf countries in order to help farmers cover their costs.

According to the minister, around 90 per cent of the red meat consumed in Jordan is imported, with frozen meat currently being sold at around JD2.8 per kilo, while imported fresh meat prices range from JD5 to JD6 per kilo.

The Kingdom imports meat from 15 countries, mainly Sudan, Romania and Australia, the minister said, adding that the volume of imports will increase in the coming weeks to sustain market stability ahead of the holy month of Ramadan.

Jordan is also considering exporting poultry meat, he said, indicating that during a recent visit to France he discussed the possibility of exporting poultry with officials there.

“Poultry production in the Kingdom is much higher than local consumption needs and if this continues it will hurt producers. We have to find new markets for their products,” he said.

Commenting on whether exporting poultry meat will lead to an increase in local prices, Masri said that the government would take measures to maintain market stability, such as importing poultry products from other countries.

Wael Shqeirat, director general of the government-owned National Company for Food Security (NCFS), said that 11,000 sheep have recently arrived on the local market from Sudan, adding that another 15,000 sheep are on the way.

In a bid to supply the country with enough quantities of red meat, 26,000 additional heads of sheep will be on the market before Ramadan, he told The Jordan Times, noting that the NCFS has also signed contracts to import 42,000 sheep from Ethiopia.

Shqeirat said the company has 2,000 tonnes of poultry meat in its warehouses to be distributed to military and civil service consumer corporation outlets across the country, adding that he does not expect prices of red meat and poultry to rise during the holy month of Ramadan, which often witnesses a hike in food prices.

According to Foodstuff Traders Association figures, Jordanians consume around 5,000 tonnes of red meat during Ramadan, 20-30 per cent higher than the average consumption of other months

 

 

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