The Omani government has approved an extension of subsidies on key raw materials used in animal feed production. The move, which was announced by Dhofar Foods & Investment, on July 25, 2023, is expected to have a significant positive impact on the company's feed production section.
The subsidy extension will run for an additional six months, starting from January 1, 2023. This will help to mitigate losses and bolster the company's operations, which are essential to the stability and growth of the animal farming industry in Oman.
Dhofar Foods & Investment is a prominent player in the market, and it recognizes the importance of government support in ensuring the availability of affordable and quality animal feed. With subsidized raw materials, the company can maintain competitive prices, which will ultimately benefit consumers and promote food security.
The extension of subsidies serves as a testament to the fruitful collaboration between the government and Dhofar Foods & Investment. The subsidy extension allows them to continue delivering quality feed to the market, supporting the well-being of livestock and poultry farmers across the country.
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