VIDEO - "I think that a lot of products coming from the West could be locally manufactured"

Video News

Freshly Frozen Foods CEO, Densil Quadros expects a growth in the meat processing market in the Gulf region.

Posted on Apr 11 ,07:03

2017 turned out to be a challenging year for the meat businesses in the Middle East as the diplomatic standoff against Qatar and the economic crisis in Egypt have taken a toll in the revenues.
Nevertheless, the market expansion in the region has covered some of the losses resulted from this situation and the outlook for 2018 is making the local players confident in the development of their businesses.
"The outlook for 2018, well, I am positive about it. There is a lot of products still coming from the West which I think it could be locally manufactured.
The trend that we have seen it coming is that the consumer demands more GMO-free food, organic products, green label. That is something that I have seen in the last couple of months and the trend is going to green label, no preservatives, no phosphates, no nitrates, no meat substitutes, just pure meat and I think that the consumer will pay a higher price for a high-value product", expressed his feelings Densil Quadros, CEO of Freshly Frozen Foods, Dubai.

The company already operates two facilities for meat processing and one for value-added products but it wants to expand further the capacities with an investment of $10 million this year and to enter the Saudi Arabia market in the next three years.

Comments





Similar articles

Turkey

Bosnia and Herzegovina to export 3,000 tonnes of beef to Turkey

Bosnia and Herzegovina will continue to supply beef in the Turkish market, as both parts are expe...


Read more Read more
China

China to drop tariffs on US pork, NPPC welcomes the decision

China's offer to drop the tariffs on US pork can bring back the smile on the faces of pork produc...


Read more Read more
China

Danish Crown opens factory in Pinghu, China

Danish Crown's Pinghu factory in China was inaugurated today as the company intends to consolidat...


Read more Read more
Websolutions by Angular Software and SpiderClass