Unrest in the Sudan to force exporters to sell livestock to Saudi investors to cut 20%
Because of their keenness to provide liquidity for fear of war
JEDDAH: Mohammed Qushayri
Detection, traders in the import of sheep from the lower value of livestock by 20 per cent, because of the keenness of exporters in the African countries to provide financial liquidity, after the escalation of tensions and political unrest, particularly the conflict in the northern and southern Sudan.
The investor Fahd Sipan arrived God peaceful Vice Chairman of the livestock in the Jeddah Chamber told «Middle East» and a large display to provide decades of investors in the trade of livestock and fattening, in order to provide coins, and sell as much of the livestock they have, which contributed to lower the price of the value of sheep. He said «the reduction in the value price of cattle was simple in this period, which began with the start of tension, although this factor did not affect on the Saudi side, and did not cause the reluctance of investors about the arrest of previous contracts or new on the contrary».
The peaceful to the tendency of some investors, especially importers young, to import from Ethiopia and Somalia, which was reflected in the shares of investment in Sudan, as a result the stability of prices of sheep and cattle in general, non-volatility factors, economic or political as the Sudan, in addition to incentives launched by Ethiopia to Saudi investors of government facilities such as: customs, having provided health quarries in Djibouti and Somalia, because there are requirements set by Saudi Arabia to examine the animal before it enters into Saudi Arabia.
He predicted that the peaceful moving 60 per cent of annual contracts to Ethiopia, with the beginning of the period of annual leave and seasons of the religious month of Ramadan and Eid al-Adha with a high turnout to buy a sheep and cattle dealers season. The high prices of sheep, whether living or chilled crisis in Saudi Arabia after reaching some of their prices in local markets to more than $ 550 (2000 SR), which made the relevant government agencies to expand resort to open for the import of several countries such as India and Australia, with awareness to go to the imported product to reduce the high prices.
He expected the Sudanese official to reach the size of cattle Sudan exported to Saudi Arabia to more than 4 million head, along with thousands of tons of meat from Sudan, and by the end of the year 2012, valued at more than $ 640 million (2.4 billion Saudi riyals), as the volume of imported cattle Sudanese more of 3 million by the end of 2011.
The Sudanese embassy in Saudi Arabia has denied its intention to raise prices, and there is no tendency to raise them in the coming months, and predicted Hussein Koya, economic adviser to the Sudanese Embassy in an earlier statement the «Middle East» to the volume of cattle Sudan exported to Saudi Arabia to more than 4 million head next to thousands of tons of meat from Sudan, and by the end of the year 2012, valued at more than $ 640 million (2.4 billion Saudi riyals).
The Embassy of Ethiopia has announced that in the words of Nur al-Din Mustafa, Deputy Consul General in Jeddah for Economic Affairs, expressed his country's readiness to export 30 million head of sheep per year, of what is available in the country of abundance in animal production, which occupies the State of Ethiopia place the 9 globally in the wealth animal, which is reflected in the prices of livestock in Saudi Arabia which experienced strong, especially in sheep with prices ranging from 870 riyals (232 dollars) to 2,000 riyals (533 dollars), up more than 60 per cent on the prices of last year.
Middle East
