India, the world’s second-largest wheat producer, banned wheat exports last week as a heatwave in major wheat-producing states cut production and hit record levels in the country.
Addressing considerations about the availability of wheat in the market, the Ministry of Trade, Industry and Investment Promotion showed that the Sultanate of Oman was taking every measure imaginable to ensure good enough stocks.
This was said by Qais bin Mohammed al-Yousef, Minister of Trade, Industry and Investment Promotion, during his meeting on Friday with investors and traders from the Wilayat of Muttrah.
“There are sufficient stocks of wheat, and the ministry has taken all mandatory measures to make sure it is available in the coming period,” he said.
The minister said the government of His Majesty Sultan Haitham bin Tarik is paying close attention to alleviating the concerns raised by the Covid-19 pandemic and the disruption of the chain.
“Every imaginable measure is being taken to the detriment of the economy in general and distributors and suppliers in particular,” he said at their meeting.
After an interruption in Russia following its war with Ukraine, the Sultanate of Oman signed agreements with 3 countries, adding India and Australia, to import 160,000 tons of wheat.
But India, the world’s second-largest wheat producer, banned wheat exports last week as a scorching heatwave in major wheat-producing states cut production and domestic production hit a record high.
Still, reports cited by Indian government officials imply that the country can allow subsidized exports through already issued letters of credit and to countries requesting materials “to meet their food security needs. “
“A dozen countries have contacted the Ministry of Foreign Affairs to seek an explanation about the satisfaction of their demands for Indian wheat,” the official said, adding that “the government has maintained wheat export as a tool of economic diplomacy. “
According to the Ministry of Agriculture, Fisheries and Water Resources, the total domain of land sown with wheat in the 2020-2021 season in the Sultanate of Oman was 2449 acres and produced 2649 tons of wheat.
The assembly was attended by Mohsen bin Khamis al Balushi, Advisor to the Ministry of Trade, Industry and Investment Promotion, Mohammed bin Ahmed al-Busaidi, Deputy Wali of Muttrah, as well as members of the Majlis Ash’shura and members of the Municipal Council. .
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Omani in muttrah’s souk
Minister of Trade, Industry and Investment Promotion Qais bin Mohammed al-Yousef said the ministry favors Omani citizens who manage the bustling Muttrah souk, as is done in the classic markets of the Sultanate of Oman.
“The ministry believes that department stores in the historic Muttrah market should be managed by citizens, just like in the rest of the classic markets such as the Nizwa market in Al Dakhiliyah governorate,” he said.
Since ancient times, the classical markets of the Sultanate of Oman have been much more than a trading post. In addition to being places of social gathering, the souks are the main tourist places.
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