GOPEE-SCOON ADDED THAT THE GOVERNMENT, WHICH OWNS 51% SHARES IN NFM, WAS CONSIDERING SUBSIDISING FLOUR BUT SUCH POSES COMPLEXITIES BECAUSE 49% OF NFM IS PRIVATELY OWNED AND THE GOVERNMENT DOES NOT SUBSIDIES PRIVATE ENTITIES.
ON TUESDAY 21ST JUNE: 2022, THE NATIONAL FLOUR MILLS ANNOUNCED A PRICE INCREASE IN ITS FLOUR BETWEEN 28%-33% DUE TO THE RISING COSTS OF WHEAT ON THE INTERNATIONAL MARKET AND OTHER ASSOCIATED COSTS. THE INCREASE TOOK EFFECT ON WEDNESDAY 22ND JUNE.
ONE DAY LATER, NUTRIMIX FLOUR MILLS, ANNOUNCED THAT WITH EFFECT FROM JUNE 27TH, 2022, IT WILL INCREASE THE PRICES OF ITS COUNTRY PRIDE AND NUTRIMIX PREMIUM GRADE FLOURS BETWEEN 10% AND 33%.
