Supply Fears: How is Russia-Ukraine War Affecting Lebanon?
- Bakeries Closing Doors -
Several bakeries closed Monday as mills only delivered flour to Arabic bread bakeries, according to the mills agent in the South, Ali Rammal.
"The majority of bakeries that produce pastries, manakeesh and markook bread will be closed within the next 48 hours," Rammal added.
- Poultry Feed Prices Surge -
Meanwhile, Secretary of the Lebanese Poultry Syndicate William Boutros said that the available poultry feed in Lebanon will only last for two months, amid worries that Russia could have its grain exports upended by Western sanctions.
Lebanon imports large quantities of feed from Russia and Ukraine, Boutros clarified, adding that the prices of grain for animal feed have surged.
Ukrainian farmers have been forced to neglect their fields as millions flee, fight or try to stay alive. Ports are shut down that send wheat and other food staples worldwide to be made into bread and animal feed.
- Station Queues are Back -
Long queues have also returned to fuel stations over the past hours in Lebanon, while top member of the Lebanese station owners syndicate, George al-Brax, reassured that there is no gasoline shortage in the market.
“We are following up on the fluctuation of the global oil prices and we will amend prices when necessary,” Energy Minister Walid Fayyad said.
He warned that inspectors, escorted by State Security agents, would begin raiding stations to make sure they are abiding by the official prices and that they are not withholding their stocks from consumers.
Source: Naharnet
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