Thank you for reading the news about Saudi Arabia seeks to boost efficiency of seasonal date markets and now with the details
Jeddah - Yasmine El Tohamy - RIYADH: A date season initiative launched by Saudi Arabia’s National Center for Palms and Dates will see cultural events and markets taking place in a number of cities.
The center’s CEO, Mohammed Al-Nuwairan, said the aim was to regulate date trading, enhancing market efficiency and quality. Targeting locals, visitors and tourists it also seeks to boost the economic and social value of dates.
To reduce date accumulation, the center also now purchases directly from farmers in order to connect them with consumers and merchants. (Supplied)
The events will strengthen the link between dates and Saudi cultural heritage, reflecting the nation’s history, identity and hospitality.
The initiative promotes the purchasing power of date markets and elevates Saudi dates as an economic product, said Al-Nuwairan. It also enhances satisfaction among farmers, marketers and buyers, and benefits the Saudi economy.
FASTFACTS
In 2023, date exports increased by 14 percent, reaching SR1.462 billion ($390 million) in 119 countries, up from SR1.280 billion in 2022.
The Kingdom has over 34 million palm trees, with 11.2 million of those in the Qassim region.
A new electronic platform has also been launched in collaboration with the Ministry of Environment, Water, and Agriculture. Sellers, buyers and marketers can sign up to the Seasonal Markets System, which controls and regulates date trading.
Mohammed Al-Nuwairan, CEO of the National Center for Palms and Dates (L) and Abdullah Al-Radadi, director general of the Al-Madinah Dates Cooperative Association. (Supplied)
Abdullah Al-Raddadi, director general of the Al-Madinah Dates Cooperative Association, said there was increased development and interest in the date industry, particularly through the National Center for Palms and Dates.
The initiative supported farmers by connecting them directly with consumers and merchants, improving date prices, and the center also now bought directly from farmers to reduce date accumulation, he added.
In 2023, date exports increased by 14 percent, reaching SR1.462 billion ($390 million) in 119 countries, up from SR1.280 billion in 2022.
The Kingdom has over 34 million palm trees, with 11.2 million of those in the Qassim region.
These were the details of the news Saudi Arabia seeks to boost efficiency of seasonal date markets for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at Arab News and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.
