Flour prices increase in Trinidad and Tobago

Consumers in Trinidad and Tobago are paying more for flour.

State owned National Flour Mills (NFM) has announced a 33% hike in the wholesale price of the commodity, with a suggested retail price increase of 28% for consumers.

NFM blamed the hike on the ongoing war in Ukraine, a major wheat producer.

It said that while it has been able to secure sufficient wheat stocks to ensure the country has an adequate supply of flour for the rest of this year, it came at a cost of a 49% increase on existing prices.

NFM said it decided to limit the increase in the wholesale price of flour to 33% to reduce losses in its flour division and ensure overall profitability.