Curbs on meats, oils leaving Kuwait; wheat supply stable

Curbs on meats, oils leaving Kuwait; wheat supply stable

KUWAIT: The General Administration of Customs sent orders to all border posts to ban sedans carrying frozen chicken, vegetable oils and meats from leaving Kuwait, as food prices soar around the world. Russia’s invasion of Ukraine and international economic sanctions on Moscow have disrupted supplies of wheat and other food supplies from both countries and pushed up fuel and diesel prices, especially in developing nations. And India over the weekend banned wheat exports, which sent prices of the grain soaring.

The Center of Government Communications said Kuwait’s strategic supply of wheat is stable as the country’s imports are sourced from other countries. The imported wheat is of high quality, clean and suitable for storage in Kuwait’s hot weather conditions, it added in a statement Wednesday.

Meanwhile, the World Bank on Wednesday announced an additional $12 billion in funding for projects to address the global food security crisis, bringing the total to $30 billion. Amid the growing shortages exacerbated by the Russian invasion of Ukraine, a key grain producer, the new funding will finance projects over the next 15 months to boost food and fertilizer production, facilitate greater trade and support vulnerable households and producers, the World Bank said.

“Food price increases are having