Futures and Commodity Market News |
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Fri Nov 20, 2009 |
Breaking financial news 24/7 courtesy of TradingCharts.com Inc. / TFC Commodity Charts |
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JEDDAH, Nov 08, 2009 (Arab News - McClatchy-Tribune Information Services via COMTEX) -- The price of sheep meat should fall by about a fifth after an import ban on Somalia was lifted, according to the head of the livestock committee at the Jeddah Chamber of Commerce and Industry (JCCI). Fahd Al-Sulami said his committee's decision would help stabilize the meat market. He said that the decision paid off after the price of livestock in Djibouti Quarry station fell by 30 percent. The price of cows also dropped from $48 to $33, camels from $50 to $33 and goats from $11 to $9. Livestock businessmen applauded the committee's decision, as long as quality and health standards were maintained. They said such a move would reduce prices and make it more affordable for citizens. Livestock businessman Sheeba Al-Zahrani said in the past imports were only coming from Djibouti, which hit them hard. To see more of the Arab News or to subscribe to the newspaper, go to http://www.arabnews.com. Copyright (c) 2009, Arab News, Jeddah, Saudi Arabia Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA. |
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Copyright (C) 2009, Arab News, Jeddah, Saudi Arabia Please read the End User Agreement. News provided by COMTEX |
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