July 30, 2023
1 min read

UAE bans rice exports, re-exports for 4 months

The UAE ban comes after the Indian government decided last week to halt exports of non-basmati white rice because of the price rise…reports Asian Lite News

The UAE has imposed a four-month ban on rice exports and re-exports, the country’s Ministry of Economy said.

The ban, with effect from July 28, covers the free zones in the UAE and applies to all rice varieties, including brown rice, fully or partially milled rice, and broken rice, according to a statement released on the Ministry’s social media account on Saturday.

Companies interested in exporting or re-exporting rice must request an export permit from the Ministry of Economy, said the statement.

The ban can be automatically extended unless a decision is made to cancel its implementation, it added.

The UAE ban comes after the Indian government decided last week to halt exports of non-basmati white rice because of the price rise in domestic market and significant crop damage caused by late but heavy monsoon rains, Xinhua news agency reported.

The UAE imports nearly 90 per cent of its needed food.

ALSO READ: UAE accounts for 57% of FDI projects in Arab countries

Previous Story

Earth quake jolts Indonesia

Next Story

West Indies beat India by six wickets, level series 1-1

Latest from -Top News

Kenyans put president on notice

Kenya’s fifth president became a remarkably unpopular leader barely two years into his presidency after proposing aggressive tax measures that many saw as a betrayal of his campaign promise to support working-class

World Bank grants South Africa a $1.5 bn loan

Deteriorating rail systems, jammed ports and frequent blackouts have hindered vital industries like mining and auto manufacturing in South Africa, contributing to slow economic growth over the last decade in Africa’s most

Judge halts Trump from dismantling USADF

Congress established USADF as an independent agency in 1980, with the mandate to support economic development initiatives in AfricaXXX In a significant legal development, a federal judge in Washington, DC, has temporarily

BRICS Bank Welcomes Colombia, Uzbekistan

The bank’s Board of Governors approved the accession of the two countries, bringing the total membership to 11….reports Asian Lite News Colombia and Uzbekistan have joined the New Development Bank (NDB), expanding
Go toTop

Don't Miss

MBZ holds talks with Emir of Kuwait

His Highness Sheikh Mohamed bin Zayed expressed his best wishes

UAE, EU step up efforts to combat financial crimes

Both sides reaffirmed their commitment to working collaboratively to safeguard