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)
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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.



Gold Gains on Weaker Dollar; Traders Brace for Fed Rate Decision

FILE PHOTO: Gold bars are displayed at a gold jewelry shop in the northern Indian city of Chandigarh May 8, 2012. REUTERS/Ajay Verma/File Photo/File Photo
FILE PHOTO: Gold bars are displayed at a gold jewelry shop in the northern Indian city of Chandigarh May 8, 2012. REUTERS/Ajay Verma/File Photo/File Photo
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Gold Gains on Weaker Dollar; Traders Brace for Fed Rate Decision

FILE PHOTO: Gold bars are displayed at a gold jewelry shop in the northern Indian city of Chandigarh May 8, 2012. REUTERS/Ajay Verma/File Photo/File Photo
FILE PHOTO: Gold bars are displayed at a gold jewelry shop in the northern Indian city of Chandigarh May 8, 2012. REUTERS/Ajay Verma/File Photo/File Photo

Gold prices firmed on Monday, supported by a softer dollar, as investors awaited further details on the US-China trade relations, along with the Federal Reserve's policy meeting due later this week.

Spot gold gained 0.5% to $3,256.85 an ounce, as of 0416 GMT. US gold futures rose 0.7% to $3,265.10.

The dollar was down 0.3% against its rivals, making gold more attractive for other currency holders.

"The US dollar is looking subdued ahead of the Fed meeting this week which is enabling gold to take a mild run higher," KCM Trade's Chief Market Analyst Tim Waterer said.

"We may see gold continue to operate in the $3,200-$3,350 range ahead of the Fed meeting. However, any new headlines on the trade deal could cause volatility to tick up once again."

The market's focus will be on the US central bank policy decision and speeches by several Fed officials due this week, for insights into future monetary policy trajectory.

Traders are now expecting 80 basis points of rate cuts this year starting in July, following the US Labor Department's report on Friday showing larger-than-expected job additions in April.

Non-yielding gold acts as a hedge against global uncertainty and inflation and tends to thrive in a low-interest-rate environment. US President Donald Trump said he will not remove Jerome Powell as Fed Board Chairman before his term ends in May 2026, while reiterating his call for the Fed to cut interest rates.

Trump on Sunday said the US was meeting with many countries, including China, on trade deals, and his main priority with China was to secure a fair trade deal.

Chinese markets are closed for the Labor Day holiday from May 1-5 and will resume trade on Tuesday, May 6.

Spot silver rose 0.5% to $32.14 an ounce, platinum fell 0.2% to $957.77 and palladium gained 0.2% to $955.28.