The United Arab Emirates is considering price controls on some foods, as soaring crop prices affect countries across the world.
The Persian Gulf nation could place price caps on chicken and milk, said Mariam Almheiri, the country’s minister of state for food and water security.
Global food prices climbed to the highest level in six years last month, according to a United Nations index. The surge has been driven by crop such as corn and soybeans, which are widely used to feed farm animals. That’s adding to food inflation worries for nations already strained after the coronavirus pandemic upended supply chains.
“We are studying this very carefully and we may need some adjustments,” Almheiri said in an interview, adding that they could apply to both local and imported products.
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