Middle East Conflict: Mauritians Rush for Oil, Rice, and Canned Goods

The conflict in the Middle East has triggered a rush for essential products in Mauritius. In recent days, sales of rice, oil, and canned goods have surged. Importers are already concerned about the impact of maritime freight on prices.
Since last weekend, several retailers have reported an increase in sales, particularly for essential items. Vicky Hanoomanjee, CEO of SaveMax, confirms a rise in purchases of about 25%, mainly concerning rice, oil, and canned goods. Dream Price has noted a similar trend. Nooreza Fawzee, the financial director of the store, has also observed a wave of panic buying.
Since last Saturday, oil and rice sales have jumped by 30%. However, at Simla Way, the situation seems to have stabilized. Its General Manager, Raakesh Bhageerutty, explains that the panic buying phenomenon was particularly visible in recent days, but a gradual return to normalcy is expected by Friday, March 6th. "The war has created consumer anxiety leading to increased demand for oil and canned goods," he notes.
However, concerns remain regarding upcoming deliveries. "For now, we have stock and orders have already been placed. Ships will come, but with delays. We need to monitor the situation as prices are set to rise with increased freight costs, and the risk of shortages cannot be ruled out," says Nooreza Fawzee.
Situation Under Control
Besides rising maritime freight, importers face other challenges. "Many containers are stuck in Dubai, which is a major logistics hub. Many ships unload there, but they cannot currently do so, disrupting ship rotation," explains Vicky Hanoomanjee.
This situation could have direct repercussions on prices. "Several suppliers will raise their prices, while others may hold back their stocks due to a demand higher than expected. Additionally, the strengthening of the dollar could further impact the cost of imported goods," notes Vicky Hanoomanjee.
On the other hand, Jayen Veerapen, director of J. M. Veerapen, aims to reassure. "The situation is under control. There is no immediate risk of shortage; goods continue to arrive normally at the port. Several orders are already at sea or scheduled," states Jayen Veerapen. However, visibility remains limited until April. "For now, we have a clear idea until that period. Shipments are expected in April, while others should arrive in June, July, and August. After that, the situation will depend on developments in maritime transport and logistic costs."
For operators, the main concern remains the rising maritime freight, which is already being felt.