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Vegetable supply companies raise import contracts to 30% before Ramadan – Economy – Local


Companies supplying and trading vegetables and fruits revealed to “Emirates Today” that they had raised import contracts at rates ranging between 15 and 30% prior to the month of Ramadan, in order to support supply and stabilize prices.

Import contracts

The head of the vegetables and fruits suppliers group in Dubai and the head of “Farzana Trading Company”, Mohammed Al-Sharif, said, “His company is working on implementing plans to raise the rates of import contracts for varieties of vegetables and fruits from different countries, at rates ranging between 15 and 20% before and during the coming month of Ramadan.”

He stressed that imported quantities will increase supply in the local markets, pointing out that the increase in import quantities and the abundance of many varieties of the local agricultural season will support price stability during the holy month.

Al-Sharif pointed out that the increase in import operations during the Ramadan season depends heavily on expanding import diversification from countries of origin, whether from countries in the region or from other countries.

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Offer support

For his part, the Executive Director of the “Merak” Company for Food and Vegetable Supply, Issa Najeeb Al-Khoury, said that “Merak” is implementing plans to raise the import rate to 30% before and during the month of Ramadan, compared to the current import operations.

“Although the Ramadan season is witnessing great demand and pressure on different varieties of vegetables and fruits, the tendency of a large number of companies to raise their import rates will support the abundance of supply,” he said.

He added that “the local markets are witnessing high rates of supply, of the quantities of vegetables and fruits. Therefore, the tendency to raise import rates at additional rates will positively affect the markets and prices, especially with competitive offers on vegetables and fruits finally.”

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Import is growing

In the same context, the director of the “Sour and Sweet” commercial company for the supply of food and vegetables, Sherif Waheed, said that his company is committed to raising import rates before and during the month of Ramadan of various types of vegetables and fruits, by rates of up to 30%, pointing to the tendency of a large number of companies to Diversifying supply sources and increasing the number of shipments coming to the state’s markets, supported by the flow of supply, and the facilities provided by the competent authorities to speed up the processes of introducing products and support the supply in the markets ahead of Ramadan.

Wahid said that it is difficult for the market to witness increases in the prices of vegetables and fruits during the month of Ramadan, despite the large consumer demand during that period, due to the growing import operations from different countries, such as Oman, Iran, Turkey, India, Pakistan and a number of countries. Asian, as well as the local agricultural season, which is expected to continue pumping different varieties until the end of next April.

He pointed out that increasing competitiveness in the markets for supplying vegetables and fruits will support the abundance of supply, and increase offers of discounts on varieties of vegetables before and during the Ramadan season.

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Source site www.emaratalyoum.com

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