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UAE suspends exports and re-exports of Indian wheat for four months

UAE's economic ministry cited international developments that have affected trade flows as the reason behind the suspension

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Photo: Reuters

Agencies Abu Dhabi/New Delhi
To stop Indian wheat from being re-sold, the UAE government has ordered a suspension of exports and re-exports of wheat and wheat flour originating from India for a period of four months, agencies reported quoting the Gulf nation's ministry of economy on Wednesday.

This will not allow Indian wheat sold to the UAE from being used for any other purposes other than UAE’s domestic consumption. India while banning wheat exports on May 13 had stated that one reason for the sudden curb on exports was to stop Indian wheat from getting ‘hoarded’ and traded in a third country for which

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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