The Houthi militia has announced a sudden ban on the import of flour through the Hodeidah ports under its control. This impulsive decision raises concerns about potential increases in black market activity and soaring prices, further exacerbating the suffering of local citizens.
A document obtained by Yemen TV from the so-called Ministry of Economy, Industry, and Investment in the unrecognized Houthi government confirms the ban. The ministry mandated shipping companies to adhere strictly to this decision, warning that any violations would result in accountability.
The ministry claims that this measure aims to “localize industries.” However, traders express serious concerns over the lack of a well-thought-out plan, suggesting that the ban could significantly threaten food security in Houthi-controlled areas.
Local traders warn that this abrupt decision could lead to a supply crisis for flour, resulting in increased prices. They fear that the move will create opportunities for black market traders to exploit the hardships faced by citizens.
Traders also pointed out that the militia previously secured commitments from them not to import through the ports controlled by the internationally recognized government. This strategy appears to be part of the militia’s broader economic warfare and efforts to monopolize imports through companies affiliated with influential supporters.
In summary, the Houthi militia’s ban on flour imports through Hodeidah ports poses significant risks to the local economy and food security. As the situation unfolds, the implications for citizens and traders remain uncertain, highlighting the urgent need for a more stable and transparent economic policy in the region.
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