Saudi Arabia Is World's Top Dates Exporter

Saudi Arabia was the world’s top exporter of dates in 2021. (SPA)
Saudi Arabia was the world’s top exporter of dates in 2021. (SPA)
TT

Saudi Arabia Is World's Top Dates Exporter

Saudi Arabia was the world’s top exporter of dates in 2021. (SPA)
Saudi Arabia was the world’s top exporter of dates in 2021. (SPA)

Saudi Arabia was the world’s top exporter of dates in 2021, revealed Trendmap.

The Kingdom topped a list of 113 export countries, reaping 1.215 billion riyals (324 million dollars) from selling dates.

This means dates are among the most important sectors that help in raising national investments and exports, achieving one of the goals of Vision 2030.

The Ministry of Environment, Water and Agriculture revealed that Saudi Arabia produces and exports over 300 types of dates with production reaching 1.54 tons annually.

In a report, it said the season for producing dates begins in June and ends in November.

Saudi Arabia boasts the best quality dates and the ministry is working to transform the Kingdom into the world’s top producer, through improving the quality of production at farms and other measures.

Organic farms in the Kingdom adopt international food standards that ease the export process. Demand for dates as an organic product has risen in Europe, the United States and Japan.

This in turn has helped encourage investment to develop the palm and dates industry to make Saudi dates the world’s first choice for the product.

Saudi Arabia boasts 33 million palm trees. It produces various types of dates, including al-Barhi, al-Khudri, al-Khalas, al-Sukkari, al-Safawi, al-Safari, al-Ajwa, al-Anbara and others.

The ministry is working on establishing a comprehensive system of agricultural, logistic, marketing and information services to improve the local and international production and consumption of Saudi dates.

It has also proposed initiatives with United Nations agencies that have led to dates’ registration as a super fruit at the Food and Agriculture Organization, which declared 2027 the International Year of Dates.



Oil Heads for Weekly Gains on Anxiety over Intensifying Ukraine War

Pump jacks operate in front of a drilling rig in an oilfield in Midland, Texas US August 22, 2018. Picture taken August 22, 2018. REUTERS/Nick Oxford/File Photo
Pump jacks operate in front of a drilling rig in an oilfield in Midland, Texas US August 22, 2018. Picture taken August 22, 2018. REUTERS/Nick Oxford/File Photo
TT

Oil Heads for Weekly Gains on Anxiety over Intensifying Ukraine War

Pump jacks operate in front of a drilling rig in an oilfield in Midland, Texas US August 22, 2018. Picture taken August 22, 2018. REUTERS/Nick Oxford/File Photo
Pump jacks operate in front of a drilling rig in an oilfield in Midland, Texas US August 22, 2018. Picture taken August 22, 2018. REUTERS/Nick Oxford/File Photo

Oil prices extended gains on Friday, heading for a weekly uptick of more than 4%, as the Ukraine war intensified with Russian President Vladimir Putin warning of a global conflict.
Brent crude futures gained 10 cents, or 0.1%, to $74.33 a barrel by 0448 GMT. US West Texas Intermediate crude futures rose 13 cents, or 0.2%, to $70.23 per barrel.
Both contracts jumped 2% on Thursday and are set to cap gains of more than 4% this week, the strongest weekly performance since late September, as Moscow stepped up its offensive against Ukraine after the US and Britain allowed Kyiv to strike Russia with their weapons.
Putin said on Thursday it had fired a ballistic missile at Ukraine and warned of a global conflict, raising the risk of oil supply disruption from one of the world's largest producers.
Russia this month said it produced about 9 million barrels of oil a day, even with output declines following import bans tied to its invasion of Ukraine and supply curbs by producer group OPEC+.
Ukraine has used drones to target Russian oil infrastructure, including in June, when it used long-range attack drones to strike four Russian refineries.
Swelling US crude and gasoline stocks and forecasts of surplus supply next year limited price gains.
"Our base case is that Brent stays in a $70-85 range, with high spare capacity limiting price upside, and the price elasticity of OPEC and shale supply limiting price downside," Goldman Sachs analysts led by Daan Struyven said in a note.
"However, the risks of breaking out are growing," they said, adding that Brent could rise to about $85 a barrel in the first half of 2025 if Iran supply drops by 1 million barrels per day on tighter sanctions enforcement under US President-elect Donald Trump's administration.
Some analysts forecast another jump in US oil inventories in next week's data.
"We will be expecting a rebound in production as well as US refinery activity next week that will carry negative implications for both crude and key products," said Jim Ritterbusch of Ritterbusch and Associates in Florida.
The world's top crude importer, China, meanwhile on Thursday announced policy measures to boost trade, including support for energy product imports, amid worries over Trump's threats to impose tariffs.