Paper, Cardboard And Other Basic Commodities Will Be Banned By The Ministry

With a proactive approach to curbing price hikes, Kuwait's Ministry of Commerce and Industry has announced that it will impose restrictions on export and re-export of several basic and primary commodities the Kuwaiti market currently requires, especially given the Russian-Ukrainian conflict, which has driven up raw material prices worldwide.

According to sources in the country's Arabic daily, Commerce and Industry Minister Fahd Al-Shariaan is in the process of issuing decisions that would prohibit the export and re-export of vegetable oils to prevent shortages caused by the current global food supply chain crisis and the demand for scrap in Kuwaiti iron factories.

Kuwait's iron factories and public utilities depend on the current price of 280 dinars per ton of iron to meet the needs of public and private projects, and this decision will ensure the continuity of their production in the current stage so that it meets the needs of government and private projects.

The sources also expected that the Minister of Commerce and Industry would issue another ministerial decision regarding the use of recycled paper and cardboard for various purposes, including preventing the export and re-export of it, to keep its prices from rising, as well as securing the needs of recycled paper and cardboard factories that are re-used in the paper and cardboard industry.

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