MUSCAT: The ministerial Food Security Committee discussed a proposal for setting up a risk fund to tackle the hazards and risks in agriculture and fisheries and make up for the damages resulting from natural catastrophes. The committee discussed the steps that have been taken thus far. In its meeting held under the chairmanship of Dr Ali bin Masoud al Sunaidy, Minister of Commerce and Industry, the committee also reviewed rolling out the management of some markets by private companies.
It also reviewed results of a new study concerning the strategy of the Oman Food Investment Holding for the coming period particularly after transferring the government’s share in the food security companies, and the target rates of the company and its subsidiaries to meet the prescribed self-sufficiency rates in staple commodities such as milk, white meat, red meat, eggs and agricultural products. The committee also discussed the reports of the Public Authority for Stores and Food Reserve regarding the strategic stock and the expectations for international prices of staple foods depending on the levels of production and consumption.