UAE food importers move quickly to limit impact due to India's non-basmati rice export ban - Gulf News

India's ban on non-basmati rice exports is causing UAE importers to seek alternative sources. The ban has had limited impact on rice prices so far. This adds to the existing export restriction on wheat in India. Concerns about Ukrainian wheat supplies are also contributing to doubts about food prices. UAE importers may turn to suppliers in Thailand, Vietnam, and Pakistan for rice, and other countries for wheat. The drop in retail demand during the summer holiday season may alleviate pricing pressure. Shipping costs are also unlikely to inflate food prices at the moment. It is important for UAE importers to find alternative sources quickly to maintain food stability.

Source: Link