Minister of Industry, Trade and Supply Youssef al-Shamali said on Thursday that container shipping prices from China and East Asia rose from 160% to 200% after the Bab al-Mandab crisis in the Red Sea. Al-Shamali added that what is happening in Bab al-Mandab will have an impact on the rise in container shipping prices, which will push the government to take measures similar to what was taken in the Corona pandemic crisis by setting price ceilings for shipping containers loaded with basic commodities. Al-Shamali confirmed in a meeting with the parliamentary finance committee that the ministry has addressed the government-owned silo company to allow the private sector to store at cost. Al-Shamali assured the deputies during the discussion of the parliamentary finance committee on the budget of the Ministry of Industry, Trade and Supply that the stock of wheat is sufficient for 10 months, barley is sufficient for eight months, and other foodstuffs have more than two months
Minister of Industry, Trade and Supply Youssef al-Shamali said on Thursday that container shipping prices from China and East Asia rose from 160% to 200% after the Bab al-Mandab crisis in the Red Sea. Al-Shamali added that what is happening in Bab al-Mandab will have an impact on the rise in container shipping prices, which will push the government to take measures similar to what was taken in the Corona pandemic crisis by setting price ceilings for shipping containers loaded with basic commodities. Al-Shamali confirmed in a meeting with the parliamentary finance committee that the ministry has addressed the government-owned silo company to allow the private sector to store at cost. Al-Shamali assured the deputies during the discussion of the parliamentary finance committee on the budget of the Ministry of Industry, Trade and Supply that the stock of wheat is sufficient for 10 months, barley is sufficient for eight months, and other foodstuffs have more than two months
Minister of Industry, Trade and Supply Youssef al-Shamali said on Thursday that container shipping prices from China and East Asia rose from 160% to 200% after the Bab al-Mandab crisis in the Red Sea. Al-Shamali added that what is happening in Bab al-Mandab will have an impact on the rise in container shipping prices, which will push the government to take measures similar to what was taken in the Corona pandemic crisis by setting price ceilings for shipping containers loaded with basic commodities. Al-Shamali confirmed in a meeting with the parliamentary finance committee that the ministry has addressed the government-owned silo company to allow the private sector to store at cost. Al-Shamali assured the deputies during the discussion of the parliamentary finance committee on the budget of the Ministry of Industry, Trade and Supply that the stock of wheat is sufficient for 10 months, barley is sufficient for eight months, and other foodstuffs have more than two months
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Minister of Industry: Container shipping prices from China and East Asia rose more than 160%
 
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