Al-Haya farm begin exporting peanuts
Arab News 27 November 1995
Hail – A Saudi peanut farm has started exporting peanuts not only to the Gulf states but also Australia and Europe, while negotiations are under way with importers from South Africa and the United States.
Golden Grass, Inc. is planning to set up an SR 5 million peanut butter farm, according to Turki Faisal Al Rasheed, the company's president. The plant is expected to be funded partially by the SIDF. The company has already applied for loan for this project. Al Rasheed said the peanut farm produces some 7,000 tons per season, giving it a 30 percent market share in the Kingdom. Dr. Khadim Khalil, agricultural advisor, said the price fluctuates from high of $900 per ton to a low of $300, depending on external factors in the international market.
Golden Grass' Al-Haya Farm, which is spread over 1020 hectares, rents 57 pivots from NADEC. Each pivot is capable of irrigating 80 hectares.
Dr. Kadhim points out that the peanut crop plays an important role in the fixation of nitrogen in the soil. This makes it beneficial for the subsequent crop, like wheat or barley, cultivated by rotation. The farm is also equipped with a quality-control lab where the moisture content is monitored to ensure hat it does not exceed the bottom line of 10 percent. Describing the competition in the market as tough, Dr. Kadhim said this has weeded out the weaker players from the market. Some of the factors responsible for the market readjustment include, among other things, the escalating cost of digging water wells.
Arab News 27 November 1995
Hail – A Saudi peanut farm has started exporting peanuts not only to the Gulf states but also Australia and Europe, while negotiations are under way with importers from South Africa and the United States.
Golden Grass, Inc. is planning to set up an SR 5 million peanut butter farm, according to Turki Faisal Al Rasheed, the company's president. The plant is expected to be funded partially by the SIDF. The company has already applied for loan for this project. Al Rasheed said the peanut farm produces some 7,000 tons per season, giving it a 30 percent market share in the Kingdom. Dr. Khadim Khalil, agricultural advisor, said the price fluctuates from high of $900 per ton to a low of $300, depending on external factors in the international market.
Golden Grass' Al-Haya Farm, which is spread over 1020 hectares, rents 57 pivots from NADEC. Each pivot is capable of irrigating 80 hectares.
Dr. Kadhim points out that the peanut crop plays an important role in the fixation of nitrogen in the soil. This makes it beneficial for the subsequent crop, like wheat or barley, cultivated by rotation. The farm is also equipped with a quality-control lab where the moisture content is monitored to ensure hat it does not exceed the bottom line of 10 percent. Describing the competition in the market as tough, Dr. Kadhim said this has weeded out the weaker players from the market. Some of the factors responsible for the market readjustment include, among other things, the escalating cost of digging water wells.
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