Saudi Arabia Unveils High Levels of Food Self-Sufficiency

People shop at a supermarket in Saudi Arabia. (SPA)
People shop at a supermarket in Saudi Arabia. (SPA)
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Saudi Arabia Unveils High Levels of Food Self-Sufficiency

People shop at a supermarket in Saudi Arabia. (SPA)
People shop at a supermarket in Saudi Arabia. (SPA)

Saudi Arabia announced on Monday that there are sufficient stocks of essential goods and food supplies to meet the market demand amid the coronavirus outbreak.

During a press conference, Dr. Abdullah Aba Al-Khail, spokesman for the Ministry of Environment, Water and Agriculture, said that all food production operations are continuing smoothly with sufficient strategic storage of basic commodities.

“The Kingdom has achieved high levels of sufficiency in many agricultural products. These include 60 percent of self-sufficiency in poultry, with production of one million tons annually, 60 percent in vegetables, with local production of about 180,000 tons per month, 109 percent in milk and dairy products, which is more than 7.5 million liters per day, and 55 percent in seafood products,” Aba Al-Khail said.

The ministry is working to meet the market’s needs such as wheat and flour, he added. The Saudi Grains Organization has stocks of up to two million bags of grains ready for distribution upon request, in addition to the daily production of flour, amounting to 15,000 tons, which completely covers the need of the local market.

More than 1.2 million tons of imported wheat will arrive before the end of July, which will be added to the strategic stocks of over one million tons.

The Kingdom has achieved 30 percent self-sufficiency in regards to red meat and the ministry has expanded import options that have reached 29 countries to date, with an average of six million heads of livestock annually.



Russia's Novak: Oil Market Balanced Thanks to OPEC+

Russia's Deputy Prime Minister Alexander Novak and OPEC Secretary General Haitham Al Ghais attend a news briefing in Moscow, Russia November 22, 2024.  REUTERS/Olesya Astakhova
Russia's Deputy Prime Minister Alexander Novak and OPEC Secretary General Haitham Al Ghais attend a news briefing in Moscow, Russia November 22, 2024. REUTERS/Olesya Astakhova
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Russia's Novak: Oil Market Balanced Thanks to OPEC+

Russia's Deputy Prime Minister Alexander Novak and OPEC Secretary General Haitham Al Ghais attend a news briefing in Moscow, Russia November 22, 2024.  REUTERS/Olesya Astakhova
Russia's Deputy Prime Minister Alexander Novak and OPEC Secretary General Haitham Al Ghais attend a news briefing in Moscow, Russia November 22, 2024. REUTERS/Olesya Astakhova

The global oil market is balanced thanks to the actions of OPEC+ countries and compliance with its quotas, Russian Deputy Prime Minister Alexander Novak said on Friday following a Russia-OPEC meeting.
OPEC+ countries, which are pumping around half the world's oil, are taking all necessary decisions to maintain market stability, Novak also said after meeting OPEC Secretary General Haitham Al Ghais in Moscow.
"Today, while discussing the situation and forecasts, we assess the current market as balanced. That's thanks primarily to the actions of OPEC+ countries and coordinated actions to comply with the quotas, voluntary commitments of OPEC+ count," Novak said.
The meeting comes as OPEC+, which includes the Organization of the Petroleum Exporting Countries and allies such as Russia, prepares to meet on Dec.1.