Stiff competition, low demand sharply push down wheat prices - News Summed Up

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Stiff competition, low demand sharply push down wheat prices


By GERALD ANDAEMore by this AuthorWheat flour prices have dropped significantly as stiff competition among millers and low demand from customers force the processors to review the cost. The drop in flour prices — both for maize and wheat — is likely to positively impact on inflation. Mr Hutchinson said since the demand in the market is poor, millers are trying to trigger demand through pricing. A two-kilo Exe all-purpose flour is now retailing at Sh114, Pembe Sh116, Kifaru Sh117, Exe Chapati Sh116 and Golden for Sh112. Kenya does not produce sufficient wheat locally and relies on imports to meet the annual demand.


Source: Daily Nation February 12, 2018 19:07 UTC



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