Egypt plans to ban food waste; Brazilian food giant JBS is growing in the Middle East; Malaysia to expand share of palm oil in EU; Crescent Foods partners with Meijer stores; Shariah Experts Ltd issues Halal compliance certification based on NFT.
Egypt mulls draft law banning food waste
Egypt’s House of Representatives is drafting a law on food regulation and waste prevention, reports Egypt today. The law aims to ban food waste and encourage redistribution and recycling. The bill provides fines for businesses that waste edible food, ranging from EGP 100,000 ($5,412) to EGP 500,000 ($27,060). According to Egyptian streets, per capita food waste in Egypt reached 91 kg in 2021, up from 73 kg in 2017, according to data from the Barilla Center for Food and Nutrition (BCFN). The Food and Agriculture Organization of the United Nations (FAO) cited the country’s rapid population growth – at 2 million people per year, reaching 103.25 million in 2022 – as a major driver of rising food consumption and unregulated waste. At the regional level, an FAO report showed that the MENA region imports more than 50% of its food but wastes up to a third of the food produced and imported.
Crescent Foods partners with Meijer stores
American producer of hand-cut halal meat and poultry Croissant Food announced a strategic partnership with a Midwest-based retailer, Meijeraccording to a Press release. Offering a robust line of chicken products in more than 258 stores across Michigan, Illinois, Indiana, Kentucky, Ohio and Wisconsin, the products are now available in store. Crescent Foods is well positioned to meet the demand of all conscientious consumers, in addition to those seeking premium, hand-cut Halal products, for which demand continues to grow. Fresh Chicken Products contain no antibiotics, no vegetable and grain diets (no animal by-products), adherence to strict animal welfare standards, all natural and no artificial ingredients or preservatives .
The Brazilian JBS expands in the Middle East
Sao Paulo-based JBS, the world’s largest meat supplier, has acquired facilities in Saudi Arabia and the United Arab Emirates, according to Bloomberg. Halal-certified facilities will produce frozen foods including beef, chicken, vegetables and fruits. Bloomberg reported that “JBS is also creating its own distribution network in the region, with the acquisition of three companies to place its products in Saudi Arabia, the United Arab Emirates and Kuwait. Values were not disclosed. JBS would aim to be a market leader in the halal sector. JBS’s Brazilian rival BRF, a major chicken and processed food maker, entered into a joint venture with Saudi Arabia’s Public Investment Fund (PIF) in early 2022.
Malaysia aims to reclaim palm oil market share in Europe
Malaysia plans to take advantage of the global edible oil shortage and “political tensions in Europe” to reclaim palm oil market share from losses due to buyers shunning the product for environmental reasons, Reuters reported. Malaysia is the world’s second largest producer of palm oil after Indonesia, which banned palm oil exports earlier this month.
“It is time for us to step up our efforts to counter unfavorable propaganda aimed at undermining the credibility of palm oil and for us to highlight the many health benefits that golden oil has to offer,” Zuraida Kamaruddin, Malaysia’s minister for plantation industries and commodities, said in a statement. She added that Malaysia would undertake “aggressive efforts and campaigns” to “fill the long-term global supply gap”. The European Union (EU), the world’s third-largest buyer of palm oil, is set to phase out palm oil-based biofuels by 2030, while some food companies have introduced ‘palm oil-free products’ .
Reuters said Kuala Lumpur and Jakarta view EU restrictions on palm oil-based biofuels as “discriminatory and have filed separate lawsuits at the World Trade Organization”.
Shariah Experts Ltd issues Halal compliance certification based on NFT
London-based Shariah Experts Ltd, a halal consultancy, has launched the “first” non-fungible token (NFT) halal compliance certification on MRHB DeFI SouqNFT. NFT certificates are minted and issued by Sharia Experts Ltd.with Singapore-based gold crypto platform Cache.Gold the first receiver of halal certification in NFT format, reported Global Newswire.
“Sharia experts believe that tokenization of certificates in the form of NFTs can bring more transparency and auditability; hence more trust and confidence that the halal industry badly needs. NFTs can help prevent tampering and cumbersome authentication methods and slow verification processes,” said Dr. Farrukh Habib, co-founder of Shariah Experts. “Other methods are prone to multiple points of failure along the way, such as loss or destruction. a paper or digital certificate. NFTs are a more streamlined and permanent solution.