Food imports to Arab world reach $34 billion annually
The Secretary General of the Arab Food Industries Association, Falah Jabr, has stated that the food consumption in the Arab World grows at an annual rate of seven percent due to the highly growing domestic population. Quoted in Al-Ittihad newspaper, Jabr also attributed this increase to the rising prices of food, adding that the domestic food production does not grow by more than two percent annually.
Jabr warned against the relatively high rate of food imports in the Arab World, estimating that these countries account for some eight percent of the international food exchanges market. According to Jabr, the Arab countries import $34 billion worth of wheat, barley, sugar, vegetable oils, rice, meat and other products annually.
Next February, the Arab Food Industries Association will hold a conference in Amman, sponsored by the Arab League and the United Nations. The aim of this conference is to evaluate the present and future performance of the local food industries and the impact of globalization on them. –(Albawaba-MEBG)