Скачать или смотреть WEDNESDAY 22ND JUNE 2022 - CRIME WATCH LIVE

WEDNESDAY 22ND JUNE 2022 - CRIME WATCH LIVE

THERE CONTINUES TO BE MIXED REACTIONS TO TODAY’S PRICE INCREASE IN FLOUR AS ANNOUNCED BY THE NATIONAL FLOUR MILLS YESTERDAY.

• NFM, ANNOUNCED ANOTHER INCREASE IN THE PRICE OF FLOUR BY 33% FOR WHOLESALERS WHILE RECOMMENDING A RETAIL PRICE INCREASE BY 28% WITH EFFECT FROM EARLIER TODAY.

• IN A PRESS RELEASE ISSUED YESTERDAY, NFM SAID IT WAS FORCED TO INCREASE THE PRICE OF FLOUR BECAUSE OF THE HIGH COST OF WHEAT ON THE INTERNATIONAL MARKET.

• NFM ADDED THAT IT WAS NEVERTHELESS ABLE TO SECURE WHEAT WHICH CAN SUPPLY THE COUNTRY WITH FLOUR FOR THE REST OF THE YEAR.

NUTRIMIX HAS ALSO ANNOUNCED THAT WITH EFFECT FROM JUNE 27TH, 2022, IT WILL INCREASE THE PRICES OF ITS COUNTRY PRIDE AND NUTRIMIX PREMIUM-GRADE FLOURS BETWEEN 10% AND 33%.

• MEANWHILE, NFM ISSUED A FURTHER STATEMENT REGARDING THE SUGGESTED RETAIL PRICES FOR ITS FLOUR WITH EFFECT FROM TODAY.

• NFM’S CEO IAN MITCHELL BLAMED THE PRICE INCREASE ON THE SOARING WHEAT PRICES GIVEN THE ONGOING WAR IN UKRAINE ADMITTING THAT THE INCREASE WILL IMPACT ALL SECTORS WHICH USE FLOUR.

• TO DATE, 49% OF NFM’S SHAREHOLDING IS OWNED BY THE PUBLIC AND 51% BY THE GOVERNMENT OF TRINIDAD AND TOBAGO

LAST DECEMBER: NFM AGREED TO INCREASE ITS HIBISCUS BRAND TO 10% INSTEAD OF 19% AND IT’S IBIS BRAND TO 17% INSTEAD OF 19% WITH EFFECT FROM MONDAY 3RD JANUARY 2022.

• HOWEVER, NFM HAS SEEN A STEADY INCREASE IN ITS PROFITS OVER THE YEARS INCLUDING DURING THE HEIGHT OF THE COVID-19 PANDEMIC IN 2020 WHICH SAW THE COMPANY MAKING A $23.4M PROFIT.

• IN ITS 2021 FINANCIAL STATEMENTS, NFM MADE A PROFIT OF $1.3M WHICH WAS A 94.1% DECREASE IN PROFITS.

PRESIDENT OF THE SUPERMARKET ASSOCIATION RAJIV DIPTEE SAID THE INCREASE IN FLOUR WILL HURT THE POCKETS OF CONSUMERS WHO ALREADY HAVE TO DIG DEEPER GIVEN THE RECENT INCREASE IN GAS AND OTHER FOOD ITEMS.

• HE ADDED THAT GIVEN THE ISSUES REGARDING WHEAT ON THE INTERNATIONAL MARKET, AN INCREASE IN THE PRICE OF FLOUR WAS EXPECTED.


IN AN IMMEDIATE RELEASE, THE KISS BAKING COMPANY SAID IT WAS CURRENTLY REVIEWING THE INCREASE IN THE PRICE OF FLOUR AND ADDITIONAL COSTS BEFORE A DETERMINATION IS MADE ON IF THE PRICE OF ITS PRODUCTS WILL BE IMPACTED.

THE NATIONAL AGRICULTURAL MARKETING AND DEVELOPMENT CORPORATION (NAMDEVCO) ISSUED A PRESS RELEASE EARLIER TODAY INFORMING THE PUBLIC ABOUT CHEAPER AND HEALTHIER ALTERNATIVES TO FLOUR AT ITS FARMER’S MARKET.

APPROXIMATELY 20 MILLION TONS OF GRAIN SIT IN STORAGE IN UKRAINE, WITH FEW WAYS OUT OF THE COUNTRY. IT IS A SLOW-MOVING CRISIS THAT IS CHOKING UKRAINE OFF FROM THE GLOBAL ECONOMY AND CUTTING THE REST OF THE WORLD OFF FROM UKRAINE’S CRITICAL SUPPLY OF GRAINS.

• UKRAINE PROVIDES ABOUT 10 PERCENT OF THE GLOBAL SHARE OF WHEAT EXPORTS AND ALMOST HALF OF THE WORLD’S SUNFLOWER OIL. ALONGSIDE RUSSIA, UKRAINE MAKES THIS REGION ONE OF THE WORLD’S “BREADBASKETS.”

• BUT MOSCOW’S WAR IN UKRAINE AND WESTERN SANCTIONS AGAINST RUSSIA HAVE SQUEEZED AGRICULTURAL EXPORTS FROM THE ENTIRE BLACK SEA REGION. THESE PRODUCTS CAN BE REPLACED ON THE GLOBAL MARKET BUT AT A COST.

• FOOD IS HARDER TO AFFORD FOR POOR COUNTRIES, AND FOR POOR PEOPLE IN RICH COUNTRIES. IT COULD DEEPEN A WORLDWIDE HUNGER CRISIS. UNITED NATIONS FOOD AGENCIES WARN THAT A RECORD 49 MILLION PEOPLE, IN 46 COUNTRIES, ARE AT RISK OF FALLING INTO FAMINE CONDITIONS THIS YEAR.

• UKRAINE EXPORTED A LOT OF ITS 2021 CROP BEFORE RUSSIA’S INVASION, INCLUDING A LOT OF ITS WHEAT, BUT SOME OF THAT, AND PRODUCTS LIKE CORN, ARE STILL IN STORAGE. EXPORTERS ARE STRUGGLING TO GET WHAT’S LEFT OUT, BECAUSE UKRAINIAN PORTS ON THE BLACK SEA, LIKE THE KEY CITY OF ODESA, ARE UNDER BLOCKADE.




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