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FinancialNews
22-01-19
Livestock prices, clearance in MENA affects market
(MENAFN) The Middle East and North Africa (MENA) has been suffering from a sharp decline in livestock imports due to prices and veterinary approval issues.
Egyptian and Libyan livestock prices are damaging the market, seeing that Ireland has approval to enter the market but frequently avoids it.
The collapse of the Turkish currency against the U.S. dollar and the euro has also affected the market.
"Algeria is one that we have had our eye on for the last couple of years," stated manager of the livestock sector at Ireland's Bord Bia, Joe Burke.
"Unfortunately we have been waiting for the veterinary authorities in Algeria to give us the final seal of approval in order to allow us start supplying the market," the manager noted.
"Algeria import about 150,000 cattle every year and it also looks a bit more promising in terms of prices and demand," Burke added.
MENAFN2201201900450000ID1098006604
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