The UAE has suspended the sale of rice overseas for four months with immediate effect.
The Ministry of Economy confirmed the temporary ban on the export and re-export of the food staple on Friday, state news agency Wam reported.
It said the decision also prohibited the export of rice originating from India that was imported after July 20.
This directive applies to all rice varieties covered by the unified customs tariff, which is “peeled rice, brown rice and fully or partially milled rice, whether it is smoothed or polished, and broken rice”, the ministry added.
Companies wishing to export or re-export these forms of rice must make a request to the ministry for an export permit.
Such dispensation must also be granted for the sale of rice originating outside of India. Permission for sales will be granted for 30 days under the ruling.
“The ministry indicated that this decision can be extended automatically, unless a decision is issued to cancel its implementation,” the Wam statement said.
Global shortage
The move comes one week after India, the world's leading rice exporter, imposed a ban on some overseas sales of the grain with immediate effect.
The decision was primarily aimed at non-basmati white rice exports, which account for about a quarter of the country's total rice exports.
The ban was put in place to ensure ample domestic supply and to combat rising prices in the local market.
Rice is a staple food for more than three billion people worldwide and demand is rising sharply.
Supply concerns has become a huge issue amid constraints linked to the Covid-19 pandemic, geopolitical tension such as the conflict in Ukraine, as well as the onset of the weather phenomenon, El Nino.
All these factors have significantly affected production.
India's ban came against the backdrop of international rice prices hitting their highest level in decades.
As the country contributes more than 40 per cent of all global rice shipments, the ban prompted concerns it could exacerbate food insecurity in countries highly reliant on imports of the grain.
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MATCH INFO
Europa League final
Who: Marseille v Atletico Madrid
Where: Parc OL, Lyon, France
When: Wednesday, 10.45pm kick off (UAE)
TV: BeIN Sports
Mohammed bin Zayed Majlis
HEY%20MERCEDES%2C%20WHAT%20CAN%20YOU%20DO%20FOR%20ME%3F
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The 24-man squad:
Goalkeepers: Thibaut Courtois (Chelsea), Simon Mignolet (Liverpool), Koen Casteels (VfL Wolfsburg).
Defenders: Toby Alderweireld (Tottenham), Thomas Meunier (Paris Saint-Germain), Thomas Vermaelen (Barcelona), Jan Vertonghen (Tottenham), Dedryck Boyata (Celtic), Vincent Kompany (Manchester City).
Midfielders: Marouane Fellaini (Manchester United), Axel Witsel (Tianjin Quanjian), Kevin De Bruyne (Manchester City), Eden Hazard (Chelsea), Nacer Chadli (West Bromwich Albion), Leander Dendoncker (Anderlecht), Thorgan Hazard (Borussia Moenchengladbach), Youri Tielemans (Monaco), Mousa Dembele (Tottenham Hotspur).
Forwards: Michy Batshuayi (Chelsea/Dortmund), Yannick Carrasco (Dalian Yifang), Adnan Januzaj (Real Sociedad), Romelu Lukaku (Manchester United), Dries Mertens (Napoli).
Standby player: Laurent Ciman (Los Angeles FC).
Eyasses squad
Charlie Preston (captain) – goal shooter/ goalkeeper (Dubai College)
Arushi Holt (vice-captain) – wing defence / centre (Jumeriah English Speaking School)
Olivia Petricola (vice-captain) – centre / wing attack (Dubai English Speaking College)
Isabel Affley – goalkeeper / goal defence (Dubai English Speaking College)
Jemma Eley – goal attack / wing attack (Dubai College)
Alana Farrell-Morton – centre / wing / defence / wing attack (Nord Anglia International School)
Molly Fuller – goal attack / wing attack (Dubai College)
Caitlin Gowdy – goal defence / wing defence (Dubai English Speaking College)
Noorulain Hussain – goal defence / wing defence (Dubai College)
Zahra Hussain-Gillani – goal defence / goalkeeper (British School Al Khubairat)
Claire Janssen – goal shooter / goal attack (Jumeriah English Speaking School)
Eliza Petricola – wing attack / centre (Dubai English Speaking College)
What is tokenisation?
Tokenisation refers to the issuance of a blockchain token, which represents a virtually tradable real, tangible asset. A tokenised asset is easily transferable, offers good liquidity, returns and is easily traded on the secondary markets.
Director: Laxman Utekar
Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna
Rating: 1/5
Killing of Qassem Suleimani
