Sunday, January 16

Trade Ministry Agrees With Nessim Trading Company to Reduce Price of Flour

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By Ndey Sowe

Following the recent increase in the price of flour that is produced in the country, the Ministry of Trade, Industry, Regional Integration and Employment (MOTIE), has agreed with Nessim Trading Company Limited for the price of ‘Ferry’ brand flour to be restored to D1, 425.00 per bag; ‘Bridge’ brand at D1, 385.00 and ‘Golden Brown’ to be maintained at D1, 350 with immediate effect.

“Locally produced flour should not be exported to neighbouring countries in line with the earlier press release from this Ministry,” the trade Ministry stated in a dispatch; adding that bakeries are encouraged to buy flour from the factory to save costs and benefit from other applicable discounts. They called on all bakeries to continue production and ensure that the price of bread is maintained at D7 per loaf, given that flour milling companies have agreed to restore their original prices as stated above.

“MOTIE/GCCPC is fully committed to ensure the availability and affordability of essential commodities including flour, and will work diligently to find a permanent solution as we grapple with global price increments brought about by the effects of Covid-19 on global supply chains,” the Ministry said.

For the information of the readership, residents of the Kanifing Municipality and the Greater Banjul Area were hit by bread scarcity on Monday and Tuesday.

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