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In recent years, the UAE has seen a steady rise in food imports. Food consumption in the UAE has been growing at the rate of 12 per cent per year and, within this, the demand for food staples has increased by 30 per cent, according to the Ministry of Economy.
Many international suppliers which export food to the UAE are reporting double digit growth in the last year. This growing demand is reflected in the high attendance figures of Gulfood 2012 which has attracted a sell-out participation from 88 countries and 110 international pavilions.
By Greg Lindsay
Why have global food prices spiked not once, but twice in the last three years, raising the specter of famine and triggering worldwide food riots–including the Arab Spring? [1] Many explanations have been floated, including climate change-related droughts in Australia, volatile oil prices, “food security” export restrictions, and [...]
Saudi Arabia imports the bulk of its food needs. Muhammad al-Jasser, the governor of Sama, the country’s central bank, has repeatedly said that inflationary pressures, caused mainly by an increase in global food prices, are worrying.
Food prices near record peaks and volatility in commodity markets are driving the lives of the world’s poorest people to the edge of survival, the World Bank warned on Monday. Global food prices in July were 33% higher than a year ago.
The halal industry should be supported by Islamic finance and the two should go hand in hand. True halal is not only about a process but following Islamic rules. One way of starting a dialogue is joint Islamic finance-halal food activities and events to develop understanding and match-making of services and products first locally, regionally and internationally. That should be reinforced by the authorities.
The smallest increase in rice stockpiles in five years means global grain inventories will extend a decline that already drove food costs to a record.
The Sultanate has attached great importance to food security and has set up a national committee for food security, besides developing strategies to ensure self-sufficiency and adequate availability of food.
Religion and the environment may at first seem to be two mutually exclusive phenomena; but looking at the history of the religion, as well as the way people govern their lives, just might provide a much-needed solution.
Global food prices will more than double within 20 years as a new age of crisis forces the collapse of our broken global food system, said Oxfam today. The international development agency said Europe is sleepwalking as the world enters into an unprecedented and avoidable reversal in human development.
Organic consumers and producers in the U.S. are facing betrayal. A self-appointed group of “Organic Elites”, including Whole Foods Market, Organic Valley, and Stonyfield Farm, are surrendering to Monsanto.
Top executives from these companies publicly stated several weeks ago that they support the so-called “coexistence” of organics with genetically modified (GM) crops.
The [...]
Better investments in female farmers would prevent malnourishment in 100-150 million people, because of the ways women are likely to allocate resources in a food-shortage-threatened world.
Armina Ligaya
The International Finance Corporation (IFC) has set aside US$1.8 billion (Dh6.61bn) for investment this year in regional projects such as agribusinesses to improve food security, officials say.
Ajay Malik, the investment officer for the Mena region and southern Europe at the IFC, the World Bank’s investment arm, said it had raised [...]
Whitey Basson, the chief executive of Shoprite, said yesterday that he was “very worried” about food security and the manufacturing capacity for food in the country if more food was imported.
The United Nations World Food Programme (WFP) looks at the humanitarian side of the World Food Programme in the Middle East.
After WW2 the nations that are considered today’s third world had yearly trade surpluses in food of $7 billion, subsistence farming where the cultivation of land was primarily for domestic consumption dominated the world and through mechanisms whereby government’s controlled food supplies, this ensured sufficient reserves were put aside for future harvests. However today the rise of food deficits in the third world mirrors the rise of food surpluses in the developed world.
Food prices are skyrocketing across the world, and last month, they peaked to the highest levels since the UN’s Food and Agriculture Organization began indexing them in 1990.
Major multinationals that are in the business of blending food and science are becoming increasingly active in the Halal sector. The scope for developing the halal ingredient sector is substantial, and, while (too) many people are focusing on slaughter methods, a few astute multinationals can take advantage of the growing demand for Halal ingredients that have multiple uses throughout the food chain.
Islamic Finance news – IFN Today, Thursday, 17th May 2012
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