UAE Ministry of Economy places 4-month stop to all exports and re-export of wheat from India

UAE Ministry of Economy places 4-month stop to all exports and re-export of wheat from India

Dubai: The UAE Ministry of Economy has imposed a four-month ban on the export and re-export of wheat and wheat flour originating from India. This moratorium applies to any exports done from free zones in the as well for four months from May 13. The resolution applies to all wheat varieties (spelt), namely hard, ordinary, and soft wheat, and wheat flour (spelt flour). “Companies wishing to export/re-export wheat and wheat flour varieties of Indian origin, which were imported into the country before May 13, must submit a request to the Ministry to obtain permission to export,” the Ministry said. The comes in the wake of the extreme supply disruptions the food staple has faced since February 24, when the Russia-Ukraine conflict was set into motion. Ukraine is one of the world’s systemically important wheat exporters as is India. India introduced the wheat export ban – – after wheat prices shot up. India is also one of the biggest consumers of the commodity. The Ministry’s export moratorium does not apply to wheat brought in from any other country to be re-exported. But certain processes will still need to be followed. For ‘wheat and wheat flour products of non-Indian origin, companies wishing