The Palestinian Ministry of National Economy announced today the resumption of the supply of wheat flour from Russia into Palestine, despite the current Russian-Ukrainian crisis and its negative repercussions on the supply chains.
The ministry said in a statement that about 15,000 tons of Russian wheat flour are scheduled to arrive in Palestine by the end of this month, despite ongoing national efforts to diversify international markets that supply Palestine with basic commodities.
The ministry said it therefore expects a decline in wheat flour prices in Palestine in light of the positive data regarding the supply of basic commodities to the Palestinian market, on top of which wheat flour.
Of note, the Palestinian government recently decided to exempt all sales of wheat flour wrapped in bags of 25 kg and above from the value-added tax of 16% for the months March, April and May 2022.
Source: Palestinian News & Info Agency (WAFA)