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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Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
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2002 Giselle Khoury (Colombia)
2004 Nathalie Nasralla (France)
2005 Catherine Abboud (Oceania)
2007 Grace Bijjani (Mexico)
2008 Carina El-Keddissi (Brazil)
2009 Sara Mansour (Brazil)
2010 Daniella Rahme (Australia)
2011 Maria Farah (Canada)
2012 Cynthia Moukarzel (Kuwait)
2013 Layla Yarak (Australia)
2014 Lia Saad (UAE)
2015 Cynthia Farah (Australia)
2016 Yosmely Massaad (Venezuela)
2017 Dima Safi (Ivory Coast)
2018 Rachel Younan (Australia)
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By committing to at least one of these daily, you can bring more gratitude into your life, says Ong.
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When is VAR used?
• Goals
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Three ways to boost your credit score
Marwan Lutfi says the core fundamentals that drive better payment behaviour and can improve your credit score are:
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Sui Dhaaga: Made in India
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Starring: Varun Dhawan, Anushka Sharma, Raghubir Yadav
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Our family matters legal consultant
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Biog
Mr Kandhari is legally authorised to conduct marriages in the gurdwara
He has officiated weddings of Sikhs and people of different faiths from Malaysia, Sri Lanka, Russia, the US and Canada
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Plays golf once a week
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Walks for an hour every morning
Completed a Bachelor of Commerce degree in Loyola College, Chennai, India
2019 is a milestone because he completes 50 years in business
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The bio
Academics: Phd in strategic management in University of Wales
Number one caps: His best-seller caps are in shades of grey, blue, black and yellow
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Cars: Loves exotic cars and currently drives a Bentley Bentayga
Holiday: Favourite travel destinations are London and St Tropez
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Type 1 diabetes is a genetic and unavoidable condition, rather than the lifestyle-related type 2 diabetes.
It occurs mostly in people under 40 and a result of the pancreas failing to produce enough insulin to regulate blood sugars.
Too much or too little blood sugar can result in an attack where sufferers lose consciousness in serious cases.
Being overweight or obese increases the chances of developing the more common type 2 diabetes.
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The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
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The five pillars of Islam
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