UAE suspends exports and re-exports of Indian wheat for four months

UAE's economic ministry cited international developments that have affected trade flows as the reason behind the suspension

To stop Indian wheat from being re-sold, the UAE government has ordered a suspension of exports and re-exports of wheat and wheat flour originating from India for a period of four months, agencies reported quoting the Gulf nation's ministry of economy on Wednesday.

This will not allow Indian wheat sold to the UAE from being used for any other purposes other than UAE’s domestic consumption. India while banning wheat exports on May 13 had stated that one reason for the sudden curb on exports was to stop Indian wheat from getting ‘hoarded’ and traded in a third country for which