Kuwait: According to Kuwaiti Commerce Minister Fahad Al-Shariaan, their ministry is planning to ban their export of frozen chicken in order to maintain their price stability.
Related to frozen chicken, they will soon be made a decision on this, God willing, (preventing export), that doesn’t mean local or imported, in order to prevent its re-export.
He said that the decision was going to take so that they could maintain price stability and rein in high prices.
“He highlighted that the materials and goods used by the Kuwait Supply Company and the Kuwait Flour Mills & Bakeries Company “are all secured”.
He further stated that his country did not import these materials from Ukraine and Russia.
Previously, Kuwait has banned the export of sheep and frozen chicken as of August so that they can handle their supplies locally.
According to the most recent data, the world’s seventh-largest oil exporter is fighting record inflation, which hit 10.1% in February, as housing and food prices skyrocket.
They banned the exporting of living and slaughtered sheep from August 1, and they stated that they are not going to export frozen chicken until the following orders, and they issued a notice related to this, said a commerce and industry ministry official.
The ministry was trying to execute a host of measures to save the incensement in prices, said Mohammad Al Anzi, head of the supply department at the ministry.
Minister Ahmad Baqer has warned cooperative supermarkets not to increase prices without seeking government approval.
Subsidies:
Cooperatives are like where citizens can directly go and purchase anything in essential food subsidized by the government under a card scheme, “should not increase prices of any food item without taking permit from ministry.”
Baqer met with delegates from the Union of Cooperative Societies today to examine the high prices of foods and essential goods.
The cabinet is under stress from parliament to counter rising prices.