UAE mulls price cap on chicken, milk as food prices soar

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UAE mulls price cap on chicken, milk as food prices soar

 

DUBAI – The UAE is considering putting price caps on chicken and milk as global food prices continued to increase, an official said.

Mariam Al Mheiri, Minister of State for Food and Water Security, said the government is “studying this very carefully and we may need some adjustments”.

A United Nations index revealed that global food prices are at their highest level in six years, with a surge in prices driven by crops like corn and soybeans.

Al Mheiri said the UAE’s plans to impose further price control on several food items could apply to both local and imported products.

The UAE imports 90 percent of its food, and already imposes price caps on other essentials. ICA/Expat Media


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