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Monday, April 22, 2024

UAE halts rice exports for four months

The UAE Ministry of Economy has announced a temporary four-month suspension of rice exports and re-exports, starting today. The aim is to ensure an adequate supply of rice in the local market. The suspension applies to rice originating from India and imported into the country, including free zones, after July 20, 2023.

All rice varieties falling under the unified customs tariff (1006) are affected, including husked rice (brown rice), fully or partially milled rice, smoothed or polished, and broken rice.

Companies seeking to export or re-export rice, whether from India or elsewhere, must obtain a permit from the ministry. The permit application must be accompanied by all relevant documents to verify shipment data, especially its origin.

The export permit will be valid for 30 days from the date of issuance and must be presented to customs authorities to complete the necessary procedures. Requests for permits can be submitted electronically or directly at the Ministry of Economy headquarters.

Kamal Vachani, group director and partner at Al Maya Group, welcomed the decision, expressing that it would stabilize rice prices in the local market. He also praised the UAE’s concern for consumers and expected that the availability of rice would improve with prices remaining steady.

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