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22 April 2024

Meat prices rise by 15% in Dubai, Sharjah

By Staff

Meat prices in outlets across Dubai and Sharjah have increased at least 15 per cent in the past week.

The prices vary depending on the outlet and area, according to one trader.

One of the reasons for the price rise is the low supply from Australia, which is currently reeling under flood crisis, 'Emarat Al Youm' quoted traders as saying.
Meat prices have increased throughout the region as imports from Australia and Brazil have been affected.

Tarek Al Khatib, one of the meat traders in Sharjah, said: "Meat prices from the country of origin worldwide witnessed unbelievable increase that has affected the domestic market; especially imports from Australia."

Now shops are selling frozen meat and those imported from Somalia.

Traders in Dubai reduced imports from Australia and Brazil and European demand led to the hike in prices here.

Hussam Hammo, a trader in Dubai, said: "The high price of meat is sometimes justified as not only does the source of supply vary but also the site of the shop and its rental contribute to the prices."

Australian cattle farms have been destroyed, affecting exports to various countries including the UAE. Similarly variation in the Australian dollar also affects prices, say suppliers.