🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

UPDATE 1-Kuwait's Al Mawashi looking beyond Australia for sheep imports

Published 23/05/2018, 09:22 pm
UPDATE 1-Kuwait's Al Mawashi looking beyond Australia for sheep imports
CATT
-

(Adds details, background)

By Ahmed Hagagy

KUWAIT, May 23 (Reuters) - Kuwait's Livestock Transport and Trading (Al Mawashi) CATT.KW is in talks with possible new livestock suppliers after an Australian lawmaker proposed legislation to ban the export of live sheep, its chief executive said on Wednesday.

The proposal followed an outcry in Australia after footage emerged showing 2,400 sheep dying from heat stress on a ship bound for the Middle East last year. trust in Australia as a supplier of sheep to Kuwait has weakened," Al Mawashi CEO Usama Khaled Boodai told a press conference.

He said the Kuwaiti company, a major importer of Australian sheep, was in talks with South Africa, Sudan and Horn of Africa countries as part of its efforts to diversify its sources of livestock.

"In 2018, we will start importing from new countries other than Australia," Boodai said.

He said majority state-owned Al Mawashi, a major supplier to other Gulf Arab states such as Qatar, Oman and the United Arab Emirates, imported 1.28 million livestock from Australia in 2017, mostly sheep.

Australia is one of the world's largest exporters of livestock. While the bulk of its meat exports are processed, markets such as the Middle East and Indonesia prefer to buy live animals.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.