Ministry of Industry, Trade and Supply stops food exports

Economy

Published: 2020-04-08 15:11

Last Updated: 2020-04-08 16:53


Ministry of Industry, Trade and Supply stops food exports
Ministry of Industry, Trade and Supply stops food exports

The Ministry of Industry, Trade and Supply has stopped traders from exporting or re-exporting food products with a view to boost the Kingdom's stockpile of foodstuffs in the wake of the COVID-19 crisis.

The decision, which came into effect on Monday, April 6, is intended to shield the Kingdom against turmoil in global markets resulting from the fallout of the COVID-19 pandemic, Minister of Industry, Trade and Supply Tariq Hammouri said today.

He pointed out that the decision to stop exporting and re-exporting foodstuffs will continue until the Ministry concludes an ongoing study aimed at evaluating the Kingdom's strategic food stockpile of foodstuffs and production inputs, assuring that the Kingdom maintains sufficient strategic stocks of various food supplies.