In the UK, growers have warned that a leek shortage will see British-grown supplies exhausted by April. PA
In the UK, growers have warned that a leek shortage will see British-grown supplies exhausted by April. PA
In the UK, growers have warned that a leek shortage will see British-grown supplies exhausted by April. PA
In the UK, growers have warned that a leek shortage will see British-grown supplies exhausted by April. PA

UK salad shortage hits leeks while vegetable shelves full in Europe


Simon Rushton
  • English
  • Arabic

The shortage of fruit and vegetables plaguing the UK appears not to be affecting the rest of Europe, as British shoppers face the prospect of leeks being added to the growing list of rationed produce.

Shoppers in Britain have seen tomatoes, peppers and other vegetables rationed, as the government blames bad weather and harvesting problems in Morocco and Spain for shortages.

But Copa-Cogeca, an umbrella group for European farmers, said that there were no supply problems in EU countries.

“Currently, we are not experiencing any shortages in the EU,” a Copa-Cogeca spokeswoman told The National.

“While there has been a squeeze on the supply, due to weather conditions in Spain and the decreased production in Northern Europe, due to high energy prices for greenhouse growers, the supply to the retailers has been managed.

“The EU market is much more flexible, so we have witnessed some increase in price to consumers, although not enough to offset the increase of the cost of production.

“The fact is that the EU production at such time is simply more likely to remain in the internal market.”

Supermarkets have had to limit the sale of tomatoes and other fruit and vegetables. Getty
Supermarkets have had to limit the sale of tomatoes and other fruit and vegetables. Getty

The UK government has blamed high temperatures and a lack of rain followed by a period of cold weather for creating one of the most difficult growing seasons ever, but the Copa-Cogeca spokeswoman said shortages in the country have been caused by “a multitude of reasons”.

“It is most likely a result of limited national production, which is currently under pressure due to high energy prices and not enough assistance from the government in combination with the adverse weather events in Morocco and Spain, on which UK is highly dependent,” she said.

And Brexit has not helped the situation, the spokeswoman added.

“For EU producers, at least, it is way more practical to export within the EU market, so in a situation like this, where production in the EU is also affected, the exports suffer.”

Leek growers have warned that some people may not be able to buy British-grown leeks on St David's Day, a celebration of the patron saint of Wales on March 1.

The vegetable is a national emblem for Wales, used to make traditional dishes such as Welsh cawl and Wrexham bake. Legend has it that Welsh soldiers fighting off the Saxon enemy in 640 AD wore leeks in their hats to easily identify each other.

British retailers believe the shortages of leeks and other produce could take weeks to fix.

“Difficult weather conditions in the south of Europe and northern Africa have disrupted harvest for some fruit and vegetables including tomatoes and peppers,” said Andrew Opie of the British Retail Consortium.

“While disruption is expected to last a few weeks, supermarkets are adept at managing supply chain issues and are working with farmers to ensure that customers are able to access a wide range of fresh produce.

“In the meantime, some stores are introducing temporary limits on the number of products customers can buy to ensure availability for everyone.”

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Milestones on the road to union

1970

October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar. 

December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.

1971

March 1:  Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.

July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.

July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.

August 6:  The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.

August 15: Bahrain becomes independent.

September 3: Qatar becomes independent.

November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.

November 29:  At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.

November 30: Despite  a power sharing agreement, Tehran takes full control of Abu Musa. 

November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties

December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.

December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.

December 9: UAE joins the United Nations.

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The specs

Engine: 2.0-litre 4-cylturbo

Transmission: seven-speed DSG automatic

Power: 242bhp

Torque: 370Nm

Price: Dh136,814

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Wallabies

Updated team: 15-Israel Folau, 14-Dane Haylett-Petty, 13-Reece Hodge, 12-Matt Toomua, 11-Marika Koroibete, 10-Kurtley Beale, 9-Will Genia, 8-Pete Samu, 7-Michael Hooper (captain), 6-Lukhan Tui, 5-Adam Coleman, 4-Rory Arnold, 3-Allan Alaalatoa, 2-Tatafu Polota-Nau, 1-Scott Sio.

Replacements: 16-Folau Faingaa, 17-Tom Robertson, 18-Taniela Tupou, 19-Izack Rodda, 20-Ned Hanigan, 21-Joe Powell, 22-Bernard Foley, 23-Jack Maddocks.

Updated: February 24, 2023, 6:00 PM