Nutrimix increases the prices of flour | Local news
Two days after the majority state-owned National Flour Mills (NFM) announced a price hike for its flour products, Point Lisas-based producer Nutrimix also announced it would increase the price of its flour products. all-purpose flour products and others.
On Wednesday, NFM announced that it would increase the wholesale price of flour by 15-22% from January 3.
He said the suggested retail price of flour to consumers would increase by an average of 19%.
NFM noted that flour prices in the country had not been adjusted since 2008 and cited the increase in the cost of wheat and freight globally.
Following NFM’s price hike, Kiss Baking Company has announced that it will increase bread prices from January 10.
The Commerce Ministry said on Thursday that NFM would adjust the prices of two brands of flour downward following a review of the proposed increase.
Nutrimix said in a statement yesterday that global wheat prices and shipments have more than doubled in the past two years.
“There have also been increases in packaging, distribution and other vital inputs, and we cannot continue to absorb these increases,” the company said.
As a result, Nutrimix has announced that it will increase its flour prices effective January 4, 2022.
She noted that her prices had not increased in the past 14 years.
Nutrimix said his team had worked hard to minimize the effect of the adjustments on households.
Its price increases will be:
l2 kg and 10 kg of all-purpose flour (the most used at home for bread and roti) will increase by 8% and 14% respectively
L45 kg of bakery and ultra gluten flour (the most widely used by the bakery, commercial and industrial sectors, according to Nutrimix) will increase by 1% to 14%.
The increase in retail package size for our various types of flour will vary between eight percent and 20 percent.
“Our Nutrimix team has served T&T for over 40 years. Our employees, each of our 500 employees, take their responsibilities seriously, ”the company said. “We adhere to the strictest quality controls in all aspects of production so that you can take care of your family with peace of mind …”