Gulf | Saudi Arabia
Saudi raises barley subsides cent to discourage wheat
Saudi Arabia, the world's biggest importer of barley, raised subsidies on the grain 71 per cent to wean farmers off wheat flour, which they turned to after lower-than-average winter rains hurt pastures.
- Agencies
- Published: 14:08 March 5, 2008
Riyadh: Saudi Arabia, the world's biggest importer of barley, raised subsidies on the grain 71 per cent to wean farmers off wheat flour, which they turned to after lower-than-average winter rains hurt pastures.
The government raised the subsidy to 1,200 riyals per tonne from 700 riyals per tonne, an agriculture ministry officials said on Wednesday.
Saudi Arabia imports around 6 million tonnes per year of barley, out of global trade of 15 million tonnes, according to the International Grains Council.
News Editor's choice
-
6,000 cups and counting: Addicted to that tea
This cafeteria in Al Mamzar attracts thousands of customers daily, including the rich and not so rich
-
Swimming pool horror: Twins hospitalised
Twins rushed to hospital after collapsing from chlorine inhalation at swimming pool in their villa
-
Play your cards right with credit card interest
UAE Central Bank plans to cap interest rates, but are you paying thirty-five per cent now?
