Agriculture ministry to launch new feed subsidy regulation

31/12/2019 Argaam

 

Saudi Arabia’s Ministry of Environment, Water and Agriculture is set to launch a new regulation that entails granting subsidies directly to the poultry projects in the Kingdom as of Jan. 2020.

 

The ministry said in a statement on Tuesday that the new regulation falls within its strategy that aims at boosting efficiency and productivity, as well as fulfilling 60% and 100% of the market demand of poultry and eggs.

 

Almarai Co. Said it was evaluating the financial impact of lifting subsidies on feed inputs except green fodder, Argaam reported on Monday.

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