Action taken over pricing

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KUWAIT CITY, March 19: As part of its proactive measures aimed at curbing price hikes, the Ministry of Commerce and Industry is in the process of issuing ministerial decisions prohibiting the export and re-export of a number of basic and primary commodities that the Kuwaiti market needs at the current stage, especially in light of the Russian-Ukrainian war, which has caused a hike in the prices of many commodities and raw materials globally, reports Al- Anba daily.

According to reliable sources, the Minister of Commerce and Industry Fahad Al-Shariaan is in the process of issuing decisions to ban the export and re-export of vegetable oils in order to avoid the expected shortage of this product globally due to the current crisis in global food supply chains. Another item covered by the decisions is the scrap needed by the iron factories in Kuwait.

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