UAE bans Indian wheat exports: How it will impact prices of flour, bread, cereal

UAE bans Indian wheat exports: How it will impact prices of flour, bread, cereal

UAE’s ban on export, re-export of Indian wheat will stabilise prices

Decision will improve supply, stabilise rates in local market, say retailers

Published: Wed 15 Jun 2022, 4:47 PM

The UAE’s decision to ban the export and re-export of wheat and wheat flour originating from India will ensure sustainable supply and help stabilise prices of the commodity in the country, retailers said on Wednesday.

Starting from May 13, 2022, the UAE's Ministry of Economy imposed a moratorium on wheat and wheat flour originating from India for four months.

Importantly, stable wheat prices will also help producers to maintain the prices of products made from wheat including bread, cereal, flour, pasta and many other related food items.

Dr Dhananjay Datar, chairman and managing director of Al Adil Trading, said as a result of the export ban, the prices of wheat will definitely not go up and stabilise at the current levels in the country.

“The decision will benefit the consumers in the UAE. The prices will come down if there is more supply of wheat to the UAE. With the supply that already exists in the market, the price will remain stable,” he said.

As reported by Khaleej Times earlier, local wheat flour prices increased by up to 15