Dubai: After Turkey, the United Arab Emirates has decided to stop importing wheat from India. The United Arab Emirates (UAE) has ordered a four-month moratorium on exports and re-export of wheat and wheat flour from India, the state news agency said. The Gulf economy ministry cited barriers to global trade flows as the reason behind the decision, but added that India had allowed the export of wheat to the UAE for domestic consumption purposes. The UAE Ministry of Foreign Affairs said in a statement that before India imposed an export ban on May 15, exports of Indian wheat imported into the UAE or re-exported
Companies wishing to export: must first get approval by applying to the Ministry. Wheat prices in the domestic market rose on the back of strong growth in global export demand and low production, prompting the Indian government to impose a complete ban on wheat exports from the country by private traders-exporters on May 12, 206. However, keeping in view the request or requirement of other countries, he said that wheat exports would continue on the basis of relations between the governments of the two countries. The central government has approved the shipment of 4,608 tonnes of wheat.