UAE: Have flour prices increased after India's wheat export ban?

Flour prices in the UAE have increased after India banned wheat exports on May 14 due to a jump in domestic prices after curtailed output amidst a scorching heat wave in the South Asian country.

Local industry players said prices increased around 10-15 per cent this year due to the war in Ukraine and Russia, countries that are two of the world’s leading suppliers of wheat.

Dr Dhananjay Datar, chairman and managing director of Al Adil Trading, said Ukraine and Russia were major exporters of wheat, but they are unable to export it due to the war.

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