MUSCAT: Oman currently has sufficient quantify of wheat in stocks to sustain until the end of this year after India, the world’s second largest producer of wheat, has banned all exports with immediate effect after a heatwave affected the crop, a top official of Oman Flour Mills Company (OFMC) said.
“Two shipments of wheat arrived from India and the third shipment will arrive shortly. Apart from that we also have regular shipments coming from Australia and these stocks are sufficient until the end of this year,” said Haitham Mohamed Al Fanna, CEO of Oman Flour Mills Company in an interview.
On May 13, India banned export of all wheat, including high-protein durum and normal soft bread varieties. The Indian government said that the move is being made to manage the overall food security of the country and to the needs of the neighbouring and other vulnerable countries.
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Oman had increased its import of wheat from India after the Russia-Ukraine war crisis. “Our stocks are sufficient and there is no need to worry,” Al Fanna added.
Meanwhile, global wheat prices leapt a record 6% on Monday following India’s decision to restrict overseas sales of the staple, exacerbating a global food crisis, trading data showed.
