A temporary situation is how the government describes the recent increase in the price of flour locally.
On Tuesday, the National Flour Mills announced an increase in the price of its product by 33 percent.
The development has been attributed to disruptions in the supply chain created by the Covid-19 pandemic, the on-going conflict in Ukraine, increased price of freight and shipping rates, adverse weather conditions and export restrictions by several producing countries.
Minister of Trade and Industry, Paula Gopee Scoon, told the parliament on Wednesday there are no duties and taxes attached to wheat imports.
However, Minister Gopee Scoon during the question and answer period in the House of Representatives said both local producers have already given a commitment to adjust prices downward in line with future market conditions.
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