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Poultry and egg prices in the United Arab Emirates (UAE) are stable and expected to decline compared to the rest of the world. Local media reported that this was the result of the government’s recent policy on food prices, while international agencies said the controls could dampen domestic production.
Earlier this week, the Cabinet announced a new policy to drive down the prices of nine major staple food items in the UAE.
In addition to poultry meat and eggs, the new measures include bread, wheat, cooking oil, fresh and powdered milk, rice, sugar and pulses, the report said. Zavia.
Cabinet’s new policy includes changes to tariff exemptions. To support domestic producers, the exemption now only applies to imported products that are not produced locally.
Earlier this year, the Ministry of Economy took steps to control the retail prices of these basic food items. According to an earlier report, retailers will have to provide evidence to justify price increases for these essential items.
According to Zawya, retailers in the UAE have welcomed the policies, arguing that they will benefit both the local market and consumers.
Looking ahead, the source predicts a 10-15% drop in prices in the coming months. These will be supported by lower freight rates, the return of regular supplies from local importers, access to new markets and a stronger currency, the dirham.
The market price situation described in the UAE appears to be in stark contrast to many other countries around the world.
In the United Kingdom (UK), for example, data have just been released showing that annual food price inflation hit a 45-year high of 16.2%. The government agency reported that the price of eggs is now 22% higher than a year ago, although mainly driven by milk and cheese prices, Office for National Statistics.
Latest news from UAE poultry companies
about a month ago, gulf news Includes information from Al Ain, the UAE egg company. According to the company, the company has launched several new products this year to provide consumers with a wider range of choices. As a result, its product portfolio now includes 10 different sizes and 6 sizes of eggs, and has recently introduced free-range and organic eggs. To help shoppers, the company’s eggs are now labeled in different colors so consumers can more easily distinguish the different sizes of eggs.
Al Ain Poultry Farm is one of the largest poultry producers in the UAE, producing 129 million eggs and 8 million chickens per year.
Al Rawdah, another leading poultry company in the UAE, is focusing on producing fresh chicken and natural ingredients publication March 2022. The company is positioned as the largest poultry farm and manufacturing plant in Dubai.
The UAE is self-sufficient in fresh chicken and the company’s marketing campaign focuses on the absence of hormones and antibiotics during growing and the absence of additives during processing, the source reported.
Al Rawdah is part of the Emirates Rawabi Group and has a daily processing capacity of 45,000 birds, according to the company website.
Al Ain and Al Rawdah are said to be the two leading poultry companies in the UAE WATTPoultry.com’s Top Poultry Companies opinion polls.
Price caps boost UAE poultry imports
In a recent analysis of the UAE poultry industry, the USDA Foreign Agricultural Services (FAS) identified government price caps on poultry as a factor discouraging local producers from producing. According to FAS, flock sizes are declining due to rising costs of feed grains and fertile eggs.
Over the next two years, poultry production in the UAE is expected to slowly recover from 40,000 metric tons (mt) in 2021 to 44,000 metric tons in 2022, and 46,000 metric tons next year.
However, chicken consumption in the UAE is expected to remain strong, resulting in increased reliance on imports of frozen products, which could reach as high as 418,000 metric tons. A significant portion of the incoming product is re-exported to other parts of the Arabian Gulf.
FAS noted that the UAE imports almost all of its maize and soybeans for feed as the climate is unsuitable for food production.
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