Agri expo aims to cut GCC food bill, shelve inflation & improve security
AGRAme exhibition to spur agricultural sector growth – reducing 90% GCC food imports at a cost of $10 billion imperative
Modern farming methods that can help Arabian Gulf countries address growing food security concerns by lessening their $10 billion dependency on imports are to be unveiled at the Middle East's biggest agribusiness trade event which opens today (Tuesday, 8 April 2008) at the Dubai International Exhibition Centre.
World prices of many basic goods including rice, wheat, dairy and cooking oil are rising dramatically in a combination of crop shortages and rising global demand. "The problem is of particular importance for this region which imports at least $10 billion worth of food products per year, putting pressure on both consumers and local economies," said Jim Meltz, Show Director for AGRA Middle East (AGRAme).
Modern technologies, equipment and expertise showcased at AGRAme are crucial in helping the region develop its agriculture sector and overcome climate, limited water resources and poor soil conditions. One example is a revolutionary animal fodder production system which can produce low cost fresh fodder for over 100 cattle every day after only nine days which will be revealed for the first time at AGRAme.
"The Middle East is witnessing significant agricultural development but there is still a long way to go," said Meltz. The Arabian Gulf countries rely on the rest of the world for 90% of their food and feed requirements. Food prices in the United Arab Emirates, for example, are estimated to have risen by 30% last year and are expected to increase by as much as 40% this year.
AGRAme is four closely linked exhibitions under one roof showcasing the latest advances to improve agriculture and irrigation; animal husbandry and poultry farming; floriculture and horticulture; plus fisheries and aquaculture. This year’s event will feature over 150 exhibitors from more than 30 different countries, a 60% year-on-year increase.
Limited trade restrictions, high per capita incomes and growing demand because of ever increasing population in the region is adding to the potential for agribusiness in the region.
Dubai is also a major re-export centre for perishable food products serving the Gulf Co-operation Council countries and reaching as far as Russia, India, Pakistan and East Africa – a consumer market of more than two billion people.
Platinum sponsors of AGRAme are Cairo Three A, a group of integrated companies in the supply of agricultural commodities across the Middle East North Africa including trading and charging/discharging services, storage facilities, transportation and distribution.
For more information on AGRAme, please visit www.agramiddleeast.com
