FBA Edition 24
Finance hijacks feed markets: Volatility, purchasing strategy take centre stage
User ID :
Password :
Sign up | Forget Password
Wednesday, January 07, 2009
Advanced Search
Feed Grain
Protein Meal
Feed Supplement
Feed Manufacturing
Regional News
FEED Business Asia
Poultry & Egg
Swine
Ruminant
Aquaculture
Animal Health
Meat Processing
Regional News
Asia
China
Americas
World
Industry
eFeedBiz
eFL Research
eBookStore
eJobs
Technical Resources
Events
Our History
Our Logo
Our Services
Our Editorial Team
Our Research Team
Membership Services
Partner with Us
Advertise with Us
Terms and Conditions
Privacy statement
Can not Support Flash
  eFeedLink Home Back  
 
MLBA 3: June / July 2008
 
The great Halal promise
 
By F. E. Olimpo

 

 
Champagne flowed at a port in Bangkok early in December last year when the country's biggest food conglomerate, Charoen Pokphand Foods (CPF), made its first shipment of 64 tonnes of chicken meat to the United Arab Emirates.

 

For Thailand, the event signaled the resumption of chicken export to the Middle East, suspended since 2005 at the height of the region's bird fl u epidemic. From 1969to 2005, the kingdom had been exporting chicken to the Middle East, particularly Kuwait. But in an industry where 90 percent of its overseas shipment goes to Japan and the European Union, that market was a cog in the wheel then, so to speak.

 

No one should fault anyone if this time the shipment's departure had the making of a victory party, where no less than the agriculture minister and other industry bigwigs like the president and other members of the Thai Broiler Processing Exporters Association and the chief executive officer of CPF, Adirek Sripratak, were there totoast the champagne.

 

Over the last few years, food exporters around the globe had been talking about it as if it were a newly discovered continent. Trade promotion offi cials from Canada, Singapore to New Zealand, the Philippines to Turkey, Malaysia to Australia speak about its huge, almost limitless potential as a market. Canada goes far beyond by calling it a "threshold" of great things to come.

 

No doubt it is. The global food imports of the Islamic world - often referred to as the Halal market - are estimated to be US$80 billion, about 12 percent of total trade in agri-food products. Other estimates put it at US$150-US$200 billion. By lumping it up with the kosher market in Israel, Thailand even thinks the Halal trade is worth US$590 billion a year.

 

Now approaching 1.6 billion people, the Islamic world has one of the world's fastest-growing populations. By 2025, it is expected to account for 30 percent of the world's total and 20 percent of world food trade. And with oil price in an all-time high of over US$120 a barrel - and still rising - it's not hard to figure out why food exporting countries are suddenly agog over the Halal market dominated by the oil-rich countries of the Middle East.

 

 
The above is an excerpt. Full versions are only available in MEAT & LIVESTOCK Business Asia. For subscription enquiries, send an e-mail to membership@efeedlink.com
Can not Support Flash
Can not Support Flash
FEED Business Asia
Read the latest issue here
MEAT & LIVESTOCK Business Asia
Read the latest issue here
Home | About Us | Contact Us | Advertise with Us | Partner with Us | Sitemap
Copyright ©2009 eFeedLink. All rights reserved. Terms & Conditions of Use | Privacy Statement