Cabinet discusses possible increase in imported flour
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Minister of State for Information, Sen. the Hon. Nigel Carty
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BASSETERRE, ST. KITTS, SEPTEMBER 26TH 2007 (CUOPM) - Cabinet has been discussing the possible increase in the cost of flour imported into the Federation of St. Kitts and Nevis.
“While a final position has not yet been taken, it is likely that the cost of flour will increase shortly,” said Minister of State for Information, Sen. the Hon. Nigel Carty.
He said the Ministry of Consumer Affairs and the Ministry of Finance are engaged in further study, including discussions with local suppliers of the commodity, to arrive at the most favourable cost and it was “likely that a decision will be reached in one week’s time.”~~Adz:Right~~
Earlier this year, a marginal increase of 6 percent was experienced in the price of flour with local flour suppliers citing shrinking global supplies, poor harvest yields and increasing demand from China, Brazil and India as factors creating upward pressure of the world price of the commodity.
