Lower flour prices not currently being offered at grocery stores

Despite price reductions by flour producers early in May, it’ll be some time before consumers can actually begin to see the benefits of those lower costs reflected on their grocery bills. Loop News visited major supermarkets in Central Trinidad on Friday but found that prices appeared to be unchanged, notwithstanding a recent announcement on lower flour prices. We spoke with supervisors at the supermarkets who could not say if the prices had been adjusted on the shelves to reflect the reduced prices as announced by the producer. Nutrimix Flour Mills (Nutrimix) notified supermarkets on May 2 about its decision to institute price reductions on its products ranging from five to 17 per cent, due to a global decrease in wheat prices and shipping costs. At the grocery stores we visited, prices on Nutrimix 2kg flour ranged from $15.50 to $15.99. Country Pride 10kg flour (all purpose and baker’s blends) ranged from $77 to $81. Nutrimix produces domestic grade and industrial/commercial grade flour under its Country Pride Brand and Nutrimix Premium Grade Flour. Nutrimix flour comes packaged in 2kg, 10kg and 45kg sizes in thirteen different flour types for use in commercial and residential kitchens across the country. When contacted, National Flour Mills (NFM) indicated to Loop News that it implemented reduced prices since May 1, and later learned that “another producer” took a similar decision and opted to issue a press release. NFM said it does not do press releases when price reductions are implemented. But, consumers purchasing NFM products would have benefited from special discounts throughout March and April, in recognition of Eid and Mother’s Day. NFM produces Good N’ Natural, Hibiscus, Ibis, Lotus, and Lion Brand. Rajiv Diptee, President of the Supermarket Association of Trinidad and Tobago (SATT) explained that while producers will announce immediate reductions on their products, it takes some time before the prices correspond on grocery shelves. He noted that the supermarkets would have only recently received the notarised changes in print, and there’s a process of negotiation with the producers before those prices are adjusted on the consumer end. Diptee said: “Stores are carrying flour with stock in trade, stock in hand, stock on the shelves, and stock in the warehouse. What you would find is that typically, between a supplier and a supermarket you negotiate a rebate for the difference in price. If that rebate is not forthcoming, the supermarket will wait until such time that it needs to replenish goods at the updated, reduced prices, and at that point, then the prices will be reflected on the shelves.” In conclusion, while flour producers have announced price reductions in early May, consumers are yet to see the benefits on their grocery bills as prices remain unchanged at major supermarkets in Central Trinidad. Nutrimix Flour Mills and National Flour Mills have both implemented price reductions on their products, but the adjustment of prices on grocery shelves may take time due to negotiation processes between supermarkets and producers. It is important for consumers to stay informed about these price reductions and to monitor changes in prices at their local supermarkets. https://therealcrimediary.com/lower-flour-prices-not-currently-being-offered-at-grocery-stores/?feed_id=57312&_unique_id=66d3cae04094d

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