Food companies across the Middle East are looking to develop closer relationships with the producers of raw materials and ingredients, as the price of foodstuffs globally continues to rise.
A study by Dubai Chamber, based on figures from the Economist Intelligence Unit (EIU), suggests that ten major food groups — including flour, milk and rice — have posted significant price increases in the UAE over the past year, with flour experiencing the highest average rise of 57.72 percent, according to a Press release.
While the authorities' agreements with retail outlets have provided some immediate relief, many companies within the region are looking to forge a direct relationship with ingredient producers to manage price rises in the short-term and ensure greater stability in the long-term. To provide support for companies looking to develop strategic ties, Dubai World Trade Centre is organising Ingredients Middle East, a trade show supporting the food manufacturing and processing industries. Exhibitors from around the world will showcase products including dairy ingredients, fruit products and extracts, herbs, spices and organic ingredients.
A study by Dubai Chamber, based on figures from the Economist Intelligence Unit (EIU), suggests that ten major food groups — including flour, milk and rice — have posted significant price increases in the UAE over the past year, with flour experiencing the highest average rise of 57.72 percent, according to a Press release.
While the authorities' agreements with retail outlets have provided some immediate relief, many companies within the region are looking to forge a direct relationship with ingredient producers to manage price rises in the short-term and ensure greater stability in the long-term. To provide support for companies looking to develop strategic ties, Dubai World Trade Centre is organising Ingredients Middle East, a trade show supporting the food manufacturing and processing industries. Exhibitors from around the world will showcase products including dairy ingredients, fruit products and extracts, herbs, spices and organic ingredients.
/Khaleej Times/
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