The price for flour is set to rise by 25% in light of the high price of wheat internationally, the National Milling Company (NAMILCO) says.
In a press release, the flour company said that it has been forced to increase tariffs by approximately 25% to cushion the high prices paid for the last and next shipment of the wheat. The company asserted that since January last year to date, wheat prices have increased by over 120% but the price for flour charged by Namilco has increased by only 60%.
