India bans the wheat export but local companies assure sufficient supply of flour

Published 2022년 5월 20일

Tridge summary

India's ban on wheat exports is expected to impact local wheat supply, though not significantly for companies like Bidara Flour Sdn Bhd and Faiza Food Sdn Bhd as they import wheat flour rather than grains. These companies have enough stock to meet demand for several months. However, the ban, coupled with the war in Ukraine and Russia, may lead to an increase in the sale price of wheat flour due to higher raw material costs and the depreciating Malaysian ringgit.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

KUALA LUMPUR (May 19): Wheat supply is expected to be affected by India banning the export of its wheat, according to local wheat flour producers. Bidara Flour Sdn Bhd marketing manager Arifin Aziz said the company, however, would not be badly affected by the ban as it imports wheat flour from India and not the grains. Hence, there will be no issue of supply being curtailed. “Our stock of wheat flour can still meet the demand for the next three or four months," he said, adding that the local industry players were already prepared for a supply shortage of wheat flour following the outbreak of war between Ukraine and Russia. “There are two issues here, which are the ban of wheat grain export by India and the war in Ukraine. Hence, the companies and factories in Malaysia have taken the measure of getting supply earlier and keeping stocks of the commodity." Meanwhile, Faiza Food Sdn Bhd plant manager Nor Haida Ishak said the company had been assured verbally that its supply order for ...

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