By: almotamar.net - SANA'A- General Director of al-Habbari Trading Group Yahya al-Habbari demanded the government look for wheat and flour monopolists so as to fill the price gap in the markets.
Al-Habbari said some importers monopolize wheat, with the government knowing about this. The government, however, didn't perform its duty in this regard, he added.
In a statement to almotamar.net, al-Habbari said, "Wheat trade in Yemen is witnessing real competition among tradesmen." He affirmed his and other importers sticking to the agreement between tradesmen and Ministry of Trade, whereby a sack of wheat is to be sold at 2,400 and the sack of flour at 2,630 Yemeni riyals.
Al-Habbari made it clear that the prices of wheat raised by 55 percent in global markets, which affects the prices in Yemen, sating the government of Yemen has removed all the customs tariffs of the wheat.
According to al-Habbari, wheat in the Yemeni market is sold at $200 per ton, including the grinding expenses, while $ 565 for the American wheat, $ 271 Australian wheat, and $ 247 European wheat.
A statement issued by the Yemeni Chamber of Commerce and Trade states that over the past three months, wheat prices raised as the crop decreased by 40 million ton.