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Leading Miller Projects Rise in Maize & Wheat Flour Prices Over Exchange Rate Risks
Agriculture CS Mithika Linturi inspecting unga prices at supermarkets on November 24, 2023.
PHOTO
MITHIKA LINTURI
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Kenyans could soon have to dig deeper into their pockets for maize and wheat flour after a leading miller cautioned the public of a looming hike in prices due to increased production costs.
In a financial statement published on Thursday, the miller which processes popular maize and wheat brands indicated that the increase would stem from an increase in exchange rates.
While the miller noted that the Shilling had strengthened in recent days, there were still existing risks in the exchange rate owing to fluctuations.
The company expounded that the exchange rates are likely to impact the costs of imported raw materials and shipping
Leading Miller Projects Rise in Maize & Wheat Flour Prices Over Exchange Rate Risks
- by WASHINGTON MITO on Thursday, 29 February 2024 - 9:50 am
Agriculture CS Mithika Linturi inspecting unga prices at supermarkets on November 24, 2023.
PHOTO
MITHIKA LINTURI
Copied to clipboard
Kenyans could soon have to dig deeper into their pockets for maize and wheat flour after a leading miller cautioned the public of a looming hike in prices due to increased production costs.
In a financial statement published on Thursday, the miller which processes popular maize and wheat brands indicated that the increase would stem from an increase in exchange rates.
While the miller noted that the Shilling had strengthened in recent days, there were still existing risks in the exchange rate owing to fluctuations.
The company expounded that the exchange rates are likely to impact the costs of imported raw materials and shipping
