KUWAIT CITY: The Kuwaiti Ministry of Commerce has secured food reserves in the face of persistent global inflation and rising prices. Even if imports are not possible, the stock is in use for more than a year. Officials said after assessing the stock that there may be more than a year left.
The Ministry of Commerce has appealed to the public not to stockpile food items unnecessarily and this will have adverse effects. Commerce Minister Fahad al-Sharian said the market price of essential commodities was set under the supervision and control of the Ministry of Commerce. The Ministry will be able to control the difference in prices of goods locally. The crisis in the global movement of goods and production is affecting the market. However, he added that there was no need to worry about food security in the country. The Ministry of Commerce monitors the creation of artificial inflation. No need to worry about inventory availability.
The Ministry of Commerce is credited with the experience of handling matters in the early stages of the Kovid crisis. Some countries have imposed export bans on certain products and have reached an agreement with other countries.