Dubai: Al Ghurair Resources, the food grain and commodities trading and crushing arm of Al Ghurair Investments, is growing at between 15 to 20 per cent annually to Dh6 billion, a top official said.
Essa Abdulla Al Ghurair, Chairman of Al Ghurair Resources, said, his company sees strong growth in food grain business, moving forward, as the Gulf countries are developing buffer stocks as part of their food security programme.
“We have witnessed a strong growth between 15-20 per cent year on year,” he told reporters at a press briefing at the Gulfood on Tuesday.
“The UAE is developing a buffer stock of food grain which will increase to include other commodities such as edible oil, sugar and salt — in addition to wheat and rice, and I think we are heading towards the right direction.”
He ruled out in diversifying business in buying farmlands and developing agro-based industries to control the entire supply chain of food grain.
