Quantcast
Article Index |Advertise | Mobile | RSS | Wireless | Newsletter | Archive | Corrections | Syndication | Contact us | About Us| Services
 
Sun, Oct 30, 2011 04:29 AM Philippines      25°C to 33°C
  HOME       NEWS     SPORTS     SHOWBIZ AND STYLE      TECHNOLOGY     BUSINESS     OPINION      GLOBAL NATION    SERVICES
Advertisement
Inquirer Mobile
Property Guide

INQUIRER ALERT
Get the free INQUIRER newsletter
Enter your email address:

 
Money/ Breaking News Type Size: (+) (-)
You are here: Home > Business > Money > Breaking News

  ARTICLE SERVICES      
     Reprint this article     Print this article  
    Send Feedback  
    Post a comment   Share  

  RELATED STORIES  




imns


Flour millers to hike prices


Philippine Daily Inquirer
First Posted 08:45:00 08/17/2010

Filed Under: Consumer Issues, Soft Commodities

MANILA, Philippines?Members of the Philippine Association of Flour Millers (Pafmil) will increase the prices of both hard and soft flour to reflect the surge in wheat prices brought about by Russia?s ban on grain exportation.

In a statement Monday, Pafmil said local flour prices would have to reflect international prices of wheat, the main ingredient of flour.

?Local wheat flour millers will have to raise flour prices to reflect the higher cost of wheat... the schedule of price increases will vary per mill due to their marketing strategies and market position,? Pafmil said.

The still-unscheduled increase would jack up the price of hard flour to P750-P760 per 25-kg bag, from the current P690-P700. Prices of soft flour, on the other hand, would go up to P650-P660 per bag, from P590-P600.

Bakers use hard flour to make bread products like pan de sal and loaf bread, and soft flour to make pastries and cookies.

Pafmil explained the drastic price increase was a result of the Russian government?s decision to ban grain exports to protect domestic supply. Russia recently suffered its worst-ever heat wave, which could reduce the grain harvest by up to 40 percent to only 60 million tons this year.

Abigail Ho


Copyright 2011 Philippine Daily Inquirer. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.



Share

RELATED STORIES:

OTHER STORIES:



  ^ Back to top

© Copyright 2001-2011 INQUIRER.net, An INQUIRER Company

The INQUIRER Network: HOME | NEWS | SPORTS | SHOWBIZ & STYLE | TECHNOLOGY | BUSINESS | OPINION | GLOBAL NATION | Site Map
Services: Advertise | Buy Content | Wireless | Newsletter | Low Graphics | Search / Archive | Article Index | Contact us
The INQUIRER Company: About the Inquirer | User Agreement | Link Policy | Privacy Policy

Advertisement
Megaworld
Jobmarket Online
Inquirer VDO
BizLinq