Agricultural exports reach YR 22 billion [Archives:2005/816/Business & Economy]

February 14 2005

Yemen's agricultural exports have reached around YR 22 billion, an increase of YR 8 billion from 2003, and President Ali Abdullah Saleh has equipped a vessel owned by the Yemeni Economic Corporation to ship the products to foreign markets.

Sources have advised The Yemen Times that the vessel is currently the only means of transporting Yemeni agricultural products by sea.

The vessel is to be equipped with cold storage containers to preserve the products during the trip.

Agricultural sources are anticipating improvements in Yemeni agricultural exports into neighboring markets by building a number of new exporting centers.

Negotiations with two international companies are currently taking place to assemble agricultural tractors and plants with a value of approximately $US 5 million.

Sources said that the concerned authorities are about to achive the irrigation network project for producing and distributing water pipes, at a lower cost that help farmers increase agricultural crops, and push up the exports ceiling.