INSEAD Day 4 - 728x90

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The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

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It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

‘Jordan not affected by India’s decision to restrict rice exports’

About 75 percent of the Jordan's rice consumption is concentrated in the medium-grain variety.
  • India's decision will not affect availability of rice in Jordan's local market, neither hike its prices.
  • The decision of banning export of certain varieties of rice are not imported by Jordanian traders.

AMMAN, JORDAN -President of Foodstuff Traders Association (FTA), Khalil Haj Tawfiq, said India’s decision to restrict its exports of some rice varieties will not affect the Kingdom, as Jordanian traders do not import the types covered by the new restrictions.

In a statement issued Saturday, he said India took a decision two days ago to ban export of various rice varieties and impose export duties on other types, which does not include the ‘Basmati’ rice imported by the Kingdom.

India’s decision will not affect availability of rice in Jordan’s local market, neither hike its prices, he said, stressing that the Kingdom only imports ‘Basmati’ rice varieties from India.

The decision mainly targets broken (fragmented) rice and non-Basmati types, which are not imported by Jordanian traders and exported to African countries due to low prices, according to Haj Tawfiq.

He said that 75 percent of the Kingdom’s rice consumption is concentrated in the medium-grain variety, which is imported from the United States and EU countries.