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Satyendra Pathak
Doha
Widam Food Company has been successfully maintaining uninterrupted red meat supply to Qatar despite the ongoing blockade of the country by neighbouring countries, QNB Financial Services (QNBFS) has said in its latest report.
QNBFS, which has initiated coverage of Widam with accumulate rating, said Widam is a key contributor and one of the main players in Qatar’s National Food Security Program.
In addition to being the exclusive provider of Australian sheep to the Qatari market, the company also has a leading role in expanding local livestock capacity.
Widam supports local private sheep breeders by providing them with an outlet to sell their sheep easily, which encourages them to increase their livestock.
In February this year, the Ministry of Commerce & Industry and the Ministry of Municipality and Environment initiated a campaign to encourage local production. The campaign aims to support local breeders to develop strategic stocks of local sheep.
Under the Mubadara programme, the report said, Widam purchases live sheep at attractive prices directly from the local farms as long as they comply with specific regulations and requirements.
As the bulk of Widam’s imports are from Australia, the report said, diversification of its supply channels is a main objective of Widam in order to protect itself from supply disruptions.
As observed last year, it could be harder to import live sheep from Australia during the summer months. Therefore, in addition to Australia, the company imports red meat from various countries such as Sudan, Romania, Azerbaijan, Somalia and Spain.
Widam established a branch in Sudan in 2007, which contributes to supplying the Qatari market with sheep, live and chilled cows.
“The branch owns a fattening farm with a capacity of 6,000 heads in Khartoum. It also owns land for agricultural production with an average annual output capacity of 600 tonnes of fodder,” the report said.
Doha
Widam Food Company has been successfully maintaining uninterrupted red meat supply to Qatar despite the ongoing blockade of the country by neighbouring countries, QNB Financial Services (QNBFS) has said in its latest report.
QNBFS, which has initiated coverage of Widam with accumulate rating, said Widam is a key contributor and one of the main players in Qatar’s National Food Security Program.
In addition to being the exclusive provider of Australian sheep to the Qatari market, the company also has a leading role in expanding local livestock capacity.
Widam supports local private sheep breeders by providing them with an outlet to sell their sheep easily, which encourages them to increase their livestock.
In February this year, the Ministry of Commerce & Industry and the Ministry of Municipality and Environment initiated a campaign to encourage local production. The campaign aims to support local breeders to develop strategic stocks of local sheep.
Under the Mubadara programme, the report said, Widam purchases live sheep at attractive prices directly from the local farms as long as they comply with specific regulations and requirements.
As the bulk of Widam’s imports are from Australia, the report said, diversification of its supply channels is a main objective of Widam in order to protect itself from supply disruptions.
As observed last year, it could be harder to import live sheep from Australia during the summer months. Therefore, in addition to Australia, the company imports red meat from various countries such as Sudan, Romania, Azerbaijan, Somalia and Spain.
Widam established a branch in Sudan in 2007, which contributes to supplying the Qatari market with sheep, live and chilled cows.
“The branch owns a fattening farm with a capacity of 6,000 heads in Khartoum. It also owns land for agricultural production with an average annual output capacity of 600 tonnes of fodder,” the report said.
