Bahrain Chamber’s food wealth committee vice-chairman Muslem Asad said the kingdom hasn’t been affected by India’s decision to ban wheat exports.
The Bahrain Flour Mills Company has a strategic reserve for about a year and is supported by the government to stabilise the prices of bread for consumers, he noted.
Flour provided by the company to local bakeries is subsidised by the government, he added.
However, he expects a very small rise in wheat prices in local markets following India’s ban.
He said Australia would be an appropriate alternative to import wheat in terms of competitive prices.
He pointed out that the import process takes two to three months due to shipping problems and long distance, while it took about two weeks to import wheat from India, reports our sister paper Akhbar Al Khaleej.
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