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I can just imagine how the following will affect the poorest.
(from Caribbean Net News) http://www.caribbeannetnews.com/
Jamaican Minister Warns Of Flour Price Rise
Published on Monday, October 15, 2007
KINGSTON, Jamaica (JIS): Minister of Industry, Commerce and Investment, Karl Samuda has said that come Monday, Jamaica will be seeing an increase in the price of flour.
Speaking at a press briefing in Kingston on Friday, the Minister explained that this increase stems from a dramatic increase of about 67 percent in the world price of wheat between January and September.
Minister of Industry, Commerce and Investment, Karl Samuda
He pointed out that "the shipment of flour that has just arrived and will be available to the market on Monday has attracted an increased price of 47.5 percent for counter flour and 28.5 percent for baking flour."
As a result, he said, the local market will experience a 30 percent price increase on counter flour and a 20 percent rise in the price of baking flour.
Samuda noted that in the weeks to come, the price increase for flour will also impact on the cost of baked products, animal feed and poultry.
The Minister asked suppliers to sell existing stocks of flour before introducing the new price.
"Anyone that we find through our assessment, guilty of selling the old stock at the new price.we will bring to the public attention and we will not hesitate to call the names of those supermarkets that we find guilty," Samuda warned.
He said that the Consumer Affairs Commission will be surveying the supermarkets to see to what extent the new prices will be taking effect.
As it relates to the increase in price, the Minister emphasised that: "This is a matter over which we have absolutely no control. These are world conditions that affect every country, particularly those of this region in CARICOM. All the countries of the CARICOM are now facing this reality," he highlighted.
As it relates to the solutions, Samuda pointed out that: "We will now have to do our internal adjustments in terms of consumption patterns. We will have to begin to appreciate the importance of concentrating on growing what we eat and eating what we grow."
He added that the solution is simply "feeding ourselves by growing more, producing more on our farms, processing more and relying less on imported products."
(from Caribbean Net News) http://www.caribbeannetnews.com/
Jamaican Minister Warns Of Flour Price Rise
Published on Monday, October 15, 2007
KINGSTON, Jamaica (JIS): Minister of Industry, Commerce and Investment, Karl Samuda has said that come Monday, Jamaica will be seeing an increase in the price of flour.
Speaking at a press briefing in Kingston on Friday, the Minister explained that this increase stems from a dramatic increase of about 67 percent in the world price of wheat between January and September.
Minister of Industry, Commerce and Investment, Karl Samuda
He pointed out that "the shipment of flour that has just arrived and will be available to the market on Monday has attracted an increased price of 47.5 percent for counter flour and 28.5 percent for baking flour."
As a result, he said, the local market will experience a 30 percent price increase on counter flour and a 20 percent rise in the price of baking flour.
Samuda noted that in the weeks to come, the price increase for flour will also impact on the cost of baked products, animal feed and poultry.
The Minister asked suppliers to sell existing stocks of flour before introducing the new price.
"Anyone that we find through our assessment, guilty of selling the old stock at the new price.we will bring to the public attention and we will not hesitate to call the names of those supermarkets that we find guilty," Samuda warned.
He said that the Consumer Affairs Commission will be surveying the supermarkets to see to what extent the new prices will be taking effect.
As it relates to the increase in price, the Minister emphasised that: "This is a matter over which we have absolutely no control. These are world conditions that affect every country, particularly those of this region in CARICOM. All the countries of the CARICOM are now facing this reality," he highlighted.
As it relates to the solutions, Samuda pointed out that: "We will now have to do our internal adjustments in terms of consumption patterns. We will have to begin to appreciate the importance of concentrating on growing what we eat and eating what we grow."
He added that the solution is simply "feeding ourselves by growing more, producing more on our farms, processing more and relying less on imported products."