The UAE considers Soar to be a global crop cost limit on food prices.
The United Arab Emirates is considering price restrictions on certain crops, as countries around the world are impacted by increasing crop prices. Mariam Almheiri, the country’s minister of state for food and water security, said the Persian Gulf nation could impose price caps on chicken and milk.
According to a United Nations index, global food prices According to a United Nations index, global food prices Crops such as corn and soybeans, which are commonly used to feed farm animals, have powered the surge. For nations still strained after the coronavirus pandemic upended supply chains, this is leading to food inflation concerns.
In an interview, Almheiri said, “We are studying this very carefully and we may need some modifications,” adding that they may refer to both local and imported goods. The possible change illustrates that even rich nations are not prone to inflation. The UAE, which is mostly desert and imports 90% of its food, allows its Ministry of Economy to regulate prices, although such a change is uncommon.