
From Middle East to US, Namakkal eggs break out of shells to go global
It continues to be the country's leading hub for egg exports, totalling 15 crore eggs every month. Some of the top export destinations include the UAE, Bahrain, Maldives, Oman and some African countries.
Jahan R, secretary of Egg and Poultry Products Exporters Association, said eggs from Namakkal are exported in refrigerated containers, each carrying 4,72,320 eggs valued at around $35,000 per container or approximately `30 lakh based on the current exchange rate.
'While Andhra Pradesh leads India in egg production, Namakkal ranks first in exports due to its proximity to ports, resulting in shorter transit times. For instance, shipping eggs from Andhra Pradesh to Middle Eastern countries can take up to 14 days, whereas from Namakkal, it takes just 4 days,' he said.
Vangili Subramaniam, president of the Tamil Nadu Egg Poultry Farmers Marketing Society, said, 'Only a tenth of Namakkal's 1,300 farms export eggs, but the region's export market has expanded due to disruptions caused by the Ukraine war and bird flu outbreaks in major egg-producing countries like Turkey and US. Namakkal has not been affected by bird flu, largely due to its decentralised poultry farm model which helps contain the spread of diseases effectively.'
Further, he added that before 2014, a transport assistance subsidy of about 7% of the Free on Board (FOB) value was provided by the central government, making Namakkal's eggs more competitive internationally through reduced export costs. However, since then, this subsidy has dropped to nearly one per cent. 'If the government brings back these subsidies, Namakkal exporters can compete better with countries like Turkey.'
Subramaniam said, 'The egg export business will grow steadily only if our government secures permanent trade agreements with countries that aren't self-sufficient in production.'
'The opening of the US market is a significant development for us,' said C Sasikumar, a local poultry owner. In terms of infrastructure, most exporting farms in Namakkal operate both production facilities and dedicated setups for cleaning, processing, grading and packing eggs.
However, countries like UAE require eggs from biosecurity-certified farms with a compartment licence, and building such infrastructure requires major investment. Further, obtaining this state and central-approved certification is also a lengthy process, discouraging new exporters and local players. Additionally, stricter standards in markets like Qatar — which now demand only 'AA' or 'A' grade eggs weighing at least 60 grams — pose difficulties, as Namakkal eggs typically weigh around 55 grams, he added.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Indian Express
2 hours ago
- Indian Express
Fake diplomat arrested from Ghaziabad: Multiple shell companies, 11 bank accounts in 4 countries — ‘Ambassador of Westarctica's' ops dates back to 2 decades
After the Uttar Pradesh Police's Special Task Force (STF) busted a fake embassy operating from a rented house in Ghaziabad's Kavi Nagar, and arrested a man who claimed to be the 'Ambassador of Westarctica', the police on Thursday said that they have uncovered a complex international financial web – stretching from Rajasthan's marble mines to banks in Dubai, Mauritius and the United Kingdom. In a statement released on Wednesday, the STF said that 47-year-old Harsh Vardhan Jain had registered multiple shell companies abroad and maintained at least 11 bank accounts in four countries. It added that Jain's financial operations dated back to nearly two decades and were built on a 'modus operandi of fraud, hawala and brokerage' carried out under the garb of international diplomacy. The police said that Jain, who was arrested late Tuesday, has admitted during questioning that he worked closely with controversial figures like godman Chandraswami and arms dealer Adnan Khashoggi during his time in London. He also allegedly partnered with Ehsan Ali Syed, a Hyderabad-based businessman who took Turkish citizenship and is now serving a six-and-a-half-year sentence in Switzerland for defrauding multiple companies by promising large loans and taking brokerage fees in advance. According to the STF, Jain's ties to Syed were facilitated by Chandraswami, who introduced the two during Jain's stay in London in the early 2000s. It added that one of Syed's firms, Western Advisory Group – based in Switzerland and Bahrain – collected over 25 million pounds in brokerage from Swiss companies between 2008 and 2011. 'In collaboration with Ehsan, Harsh Vardhan formed several shell firms, including State Trading Corporation Limited, East India Company UK Limited, Island General Trading Co LLC (UK), Indira Overseas Limited (Mauritius), and Cameron Ispat SARL (Cameroon),' the STF said. Investigators have also identified at least six bank accounts that have been linked to Jain in UAE, three in UK, one in Mauritius, and one in India, the STF said. According to the STF, Jain's father J D Jain was a reputed industrialist and the owner of Jain Rolling Mill in Ghaziabad. '…there were mines in Banswara and Kakroli in Rajasthan by the name of Indira Marbles and 'JD Marbles', where (Jain) has also worked. Marble was also exported to London from these mines,' it added. In his statement, the police said, Jain has said that after completing his education, he had moved to Dubai in 2006 and allegedly began duping businessmen in the name of providing jobs abroad. 'He worked as a broker in Gulf and African countries. When he returned to India in 2011, he resumed operations from his family home before shifting to the rented bungalow,' the STF statement said. Jain, who the police said holds an MBA degree from London, had allegedly been using his connections and the illusion of a diplomatic clout to convince businessmen that he could secure them international deals and jobs abroad. 'He used false flags, fake diplomatic number plates, forged passports and seals to give the impression of being an influential international broker,' Senior Superintendent of Police (STF) Ghule Sushil Chandrabhan had told The Indian Express. He had also acquired honorary 'ambassador' and 'consigliere' titles from several self-styled micronations like Seborga, Poulvia, and Lodonia, which he used to influence people and extract money, police had said.
&w=3840&q=100)

Business Standard
2 hours ago
- Business Standard
Wealthy investors bet on Dubai, Abu Dhabi despite regional risks
At the Dubai offices of Abbey Road Investment Group, the phone calls and emails keep landing from around the world. The inquiries are from potential clients from India and the UK, the US and Africa — even as far afield as Brazil. They're all looking to set up family offices in Dubai and Abu Dhabi, the twin emirates that offer to safeguard the fortunes of the world's wealthy without income or inheritance taxes. The cities, both part of the United Arab Emirates, have become irresistible for the world's richest people. Europeans have turned to the Gulf country to seek respite from economic uncertainties, while some wealthy Chinese have begun looking beyond long-favored hubs like Singapore. The UAE has also become a top pick for many of those relocating from the UK, where the government abolished a tax break for non-domiciled residents. They are all willing to look past the geopolitical risks swirling in the Middle East, which have been on sharp display in recent weeks as Israel and Iran launched missiles at each other. While the UAE wasn't directly affected, it stands just across the Persian Gulf from Iran. Yet the world's wealthy keep betting on the Gulf country. Abbey Road's founder Arjun Mittal says his clients like the UAE's central geographical location between east and west, tax benefits and fast developing financial system. 'We've seen no slowdown at all because of regional conflict,' said Mittal, who is the chief investment officer of Abbey Road, which acts as a multi-family office offering investment advice to wealthy clients. 'If anything, it reinforces the UAE's position as a neutral, strategic hub.' Dubai's international financial center estimates that it's home to family-related entities that control over $1.2 trillion, with the total number rising 33per cent to 800 last year. The wealth influx is driving yet another year of gains in Dubai's luxury property prices, while providing new money for its burgeoning hedge-fund industry. The emirate's financial hub has more than 70 hedge funds, while neighboring Abu Dhabi houses giants like Brevan Howard Asset Management and Marshall Wace. Bridgewater Associates founder Ray Dalio, who has been coming to the UAE for about 30 years and set up his family office in Abu Dhabi in 2023, points to the country's multinational lifestyle and its expansion into finance and AI. 'It is getting a lot more traction because as other places are deteriorating it's improving quickly so the contrasts are becoming more obvious,' Dalio said. This year, the Middle Eastern country is poised to attract about 9,800 new millionaires, more than any other nation, Henley & Partners estimates. Early data suggest the rich haven't been deterred by the tensions in the broader region. Luxury property prices in Dubai — an investment favored by foreign families — hit new records in the second quarter. Sales of homes priced above $10 million surged to $2.6 billion between April and June, according to researcher Knight Frank. The figure marked a 37per cent increase from the first quarter. Last month, Abu Dhabi's international financial center welcomed 267 new entities — including different types of companies and family offices. The hub has a strong pipeline for the rest of the year, a spokesperson said in a statement. Regional risks are still lurking in the background. The UAE is an American ally that's home to thousands of US military personnel. After the US hit Iran's nuclear sites last month, the Islamic Republic threatened to attack American assets and launched missiles on a US base in neighboring Qatar. There were no casualties. US President Donald Trump went on to announce a ceasefire between Israel and Iran. Yet, there are lingering uncertainties about the status of Iran's nuclear program. 'Drones and missiles in the region have not been targeting individuals' safe deposit boxes. Yet surely a major, successful attack on desalination facilities or an airport keeps government officials up at night,' said Robert Mogielnicki, senior resident scholar at the Arab Gulf States Institute in Washington. 'I'd say such threats fall into a low likelihood-high impact category.' To hedge against risks, the rich from overseas tend to put only some assets in the UAE and diversify well beyond, he said. 'The UAE is usually just one part of global optionality constructed by family offices.' The new money flowing in, coupled with the billions already held by local families, has already been fueling a more sophisticated private banking industry for the UAE as banks from Barclays Plc to Deutsche Bank AG and even Bank of Singapore expand. Barclays has seen double-digit growth in the total number of family offices it serves in the UAE and has relocated staff from overseas. 'The UAE is a key strategic market for us, not only because of the wealth creation from local Emiratis, but also because of the massive migration that has come into the country which has been extremely successful,' Mathias Gonzalez, Barclays private bank's new head of investments in Switzerland and Dubai said in an interview. At Dubai-based wealth advisory firm M/HQ, managing partner Yann Mrazek says one in five family offices they have been setting up are either Chinese or have some China connection. Elsewhere, one Chinese family office for several billionaires recently sold off most of their financial holdings in the US amid concerns about a recession there and is allocating a large chunk of the proceeds to Dubai this year while also weighing options in Asia, a person with knowledge of the matter said, asking not to be named discussing private information. While they might have considered Singapore in the past, they were reluctant to use it this time because the country has introduced more regulatory reporting requirements in recent years, the person said. The Iran-Israel conflict didn't dent the family's view on the UAE because they see geopolitical risks in other parts of the world as well, the person added. Still, despite the UAE's gains, Singapore remains a primary hub for Chinese money and wealth from other countries. The city-state 'continues to receive strong interest' from family offices who are keen to access investments opportunities, said a spokesperson for the Singapore Economic Development Board. Many rich families are willing to look past the geopolitical risks of the Middle East because of difficulties in their own countries, said Mogielnicki, the political economist. 'Plenty of the individuals behind the influx of global wealth into the UAE are coming from places with substantial risk, be it conflict-related or otherwise,' he said. 'Risk tolerance is a relative measure.' --With assistance from Alex Dooler, Hema Parmar, Gabrielle Ng, Ben Bartenstein and Nicolas Parasie.


News18
9 hours ago
- News18
Did You Know ‘Desert' Country Saudi Arabia ‘Imports' Sand? Here's Why
Last Updated: Saudi Arabia imports sand from other countries because the one found in their desert is not suitable for construction purposes. Did you know that Saudi Arabia, known for its vast desert, imports sand? As ironic as it might sound, it is true. The country imports sand from nations like Australia, China, and Belgium. While this may be confusing for many, the reason behind this is that the sand available in Saudi Arabia is not suitable for construction. As the country continued to work on its Vision 2030 projects, it has seen a significant increase in sand imports. This little-known fact also highlights a larger global problem: high-quality sand for construction is becoming increasingly difficult to find, and there is a growing dependency on outside resources. Let us tell you why desert sand can't be used for construction, about the global sand crisis and its sustainable solutions. Why Desert Sand Isn't Suitable For Construction? Even though deserts are filled with sand as far as the eye can see, the type that is found there is not suitable for construction. Desert sand is usually smooth and round due to the erosion caused by wind over the years, making it unsuitable for use with cement. In construction, rougher and angular grains of sand are used that can bind well with water and cement. This type of sand is usually found on riverbeds, lakes and seabeds. In recent times, Australia has become one of the world's largest suppliers of construction-grade sand. According to the OEC world, the country supplied a total of $273 million worth of sand in 2023, making it the second-largest exporter of sand globally. Saudi Arabia bought $140,000 worth of sand from Australia that year. The Gulf Country has utilised imported sand in some of its largest projects, including The Red Sea Project, NEOM, and Qiddiya. Saudi Arabia Isn't The Only One Importing Sand Besides Saudi Arabia, the UAE and Qatar also import sand for the same reason. Cities like Dubai and Abu Dhabi continue to grow exponentially in recent years, and they require high-quality sand for their tall buildings and modern infrastructure. A report by the United Nations Environment Programme (UNEP) in 2024 also highlighted that the rapid growth of the Gulf Countries is leading to a high demand for sand globally. Sand Crisis- The Bigger Problem The dependence on construction-grade sand isn't just limited to Middle Eastern countries. Fifty billion tonnes of sand are used annually worldwide, making it one of the most extracted solid materials, according to a report by UNEP. But only a fraction of it is suitable for construction. In fact, worldwide, there is an increasing scarcity of sand suitable for construction. UNEP has flagged this as a 'sand crisis" and warned that unregulated extraction is resulting in serious environmental degradation, including riverbed erosion, habitat destruction, and loss of biodiversity. What Are Some Sustainable Solutions To Sand Crisis? To reduce their dependency on natural sand, some countries, including Saudi Arabia, are exploring alternatives like M-sand, or manufactured sand. It is made by crushing rocks to make it suitable for use in construction. Moreover, recycled construction waste is also being repurposed for use as an alternative. But widespread adoption of such alternative solutions might take time. Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.