Qatar aims to maintain 6-month stock of basic commodities at all times: Hassad CEO – The Peninsula

  • Date: 20-Apr-2022
  • Source: The Peninsula Qatar
  • Sector:Financial Markets
  • Country:Qatar
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Qatar aims to maintain 6-month stock of basic commodities at all times: Hassad CEO – The Peninsula

Doha: Hassad Food Company has developed a rapid intervention plan to ensure food security in Qatar. In an interview with Qatar News Agency (QNA), Eng. Mohammed Al Sadah explained that Hassad can supply all types of grains, oilseeds, and wheat from several sources, including North America, South America, Turkey, Australia, and the Black Sea region.

Al Sadah drew attention to the role played by Hassad Company in securing food security for the State at times of crises as it is the State's investment arm in the food and agricultural sector.

He added that Hassad has successful models in providing all the local market needs of basic foodstuffs during crises such as the blockade in 2017 and the Covid-19 pandemic in 2020, when part of the country's food supply was affected, as Hassad, in coordination with the concerned State authorities, quickly intervened to ensure the continued supply of all products needed by the local market from several countries.

In response to a question about the strategic plans that have been put in place to cover any possible shortage of grain, wheat and oilseeds in the local market and to start implementing them in light of the shortage that could occur in all global markets