Categories
Food Security Investments

ADQ’s strategy to support the UAE’s agri-food ecosystem

Abu Dhabi’s, ADQ has agreed to acquire a 50 per cent stake to buy 50% stake in agri-food specialist Al Dahra Holding. Al Dahra is a prominent multinational leader in agribusiness, specializing in the cultivation, production and trading of animal feed and essential food commodities and end-to-end supply chain management. Serving a large customer base spanning the Government and Commercial sectors, Al Dahra has a widespread geographic footprint, with a workforce of 5,000 employees, operating in over 20 countries and catering to more than 45 markets, with a leading position in Asia and the Middle East.

“Food and agri-business is of importance to ADQ’s strategy because it is high growth and important for Abu Dhabi’s socio-economic agenda. Since 1995 when Al Dahra was founded in the UAE, it has grown into a global food and animal feed company and is a pillar of Abu Dhabi and our country’s food security mandate. Al Dahra will complement our existing efforts to extend ADQ’s reach in food production and distribution. With our investment, Al Dahra will be well positioned to further expand its reach and footprint while enabling Abu Dhabi to reach its goals of continuing to diversify its food sources and growing into a regional food hub.”

H.E. Mohammed Hassan Alsuwaidi, Chief Executive Officer of ADQ

Al Dahra owns and operates 15 state-of-the-art forage processing and baling facilities globally. The company also cultivates different types of fresh produce, including a wide range of fruits and vegetables, as well as grains with infrastructure to facilitate grains’ trading. Al Dahra operates three rice mills with capacity to supply 500,000 tons annually in India, Pakistan and the UAE.

The company also owns shares in three flour mills in Greece and Bulgaria that have the capacity to supply 500,000 tons annually. Additionally, the company has an olive oil production plant in Morocco with an annual production capacity of 10,000 tons, and dairy farms in Serbia and the UAE with 20,000 cows and a production capacity of 80 million liters of milk annually.

Read more at Al Dahra

Categories
Trade

European Commission warns against shift towards protectionism in agri-food sector

Uncertainty about food availability sparked a wave of export restrictions, creating a shortage on the global market. Countries across the EU are increasingly considering protectionist measures, promoting national agri-food products and discouraging imported products. There has been a sequel of instances across the EU, particularly in Bulgaria, Czech Republic, Germany, France, Austria, Greece, where concerned ministers urged either to increase consumption of local products or to stop the import and sale of fruits and vegetables until locally grown supplies are exhausted.

That has prompted the European Commission to express concern about the effect this would have on the free movement of goods and services in the internal market, knowing the fact that no member state has the capacity to meet all its own needs for all products. The European Commission is “urgently addressing intra-EU export bans and restrictive measures by member states,” and could resort infringement proceedings against non-compliant member states.

Now is not the time for restrictions or putting in place trade barriers. Now is the time to protect the flow of food around the world.

Read more at Euractiv