Tridge summary
India's wheat export ban due to a heatwave will not impact the wheat flour supply in Malaysia, as the country imports 80% of its wheat from Australia and the rest from the US, Canada, and Ukraine. The Domestic Trade and Consumer Affairs Ministry in Malaysia will monitor the market to ensure stability in the supply of subsidised and non-subsidised flour. India has halted wheat exports to boost its food security, but exports may be permitted with government approval and based on demand.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
KUALA LUMPUR (May 17): The supply of wheat flour in the country is not expected to be affected by the wheat ban by India, following a heatwave in the country. According to the Domestic Trade and Consumer Affairs Ministry (KPDNHEP), Malaysia imports 80% of its wheat from Australia with the balance from the United States, Canada and Ukraine. “Therefore, India’s wheat export ban following the heatwave is not affecting the supply of wheat flour in the country,” according to KPDNHEP in a tweet on Tuesday (May 17). A total of 2,200 KPDNHEP enforcement personnel would be monitoring to ensure the supply of subsidised and non-subsidised flour is stable in the market. External Trade director-general under the Trade Ministry in a notice dated May 13 announced that India had stopped the export of wheat with immediate effect to boost its own food security. Wheat export to other countries would only be allowed on the approval of the government and is based on the demand of their government. ...
Source: Theedgemarkets
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