Kuwait eyes food investment abroad

 
 
 

The Ministry of Commerce and Industry has completed its recommendations to address the effects of high food prices and the food security file in Kuwait, reports Al- Qabas daily. The document submitted to the Council of Ministers states the food security file submitted by the Ministry of Commerce and Industry, includes several recommendations that require quick measures that may limit the effects of high food prices in the short term, which requires speedy implementation and seriousness without any delay that may result in adverse consequences and affect the stability of the domestic market.

The Ministry of Commerce and Industry stressed the need to develop a food security strategy in the country through a comprehensive system based on enabling sustainable food production. The study demands increase in financial support for government food companies such as the Kuwait Catering Company, the Kuwait Flour Mills and Bakeries Company, and the Kuwait Livestock Transport and Trading Company, with the state bearing the price difference for its products in case of high prices while selling it to citizens and consumers at the acceptable fixed price.

 
****************************************************