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Friday, March 29, 2024

Pafmil: Flour prices fair

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The Philippine Association of Flour Millers Inc. said Friday the price of locally milled flour are reasonable and fair.

“These prices reflect market conditions, on top of the product’s high quality and consistency demanded by discriminating and quality conscious Filipino consumers,” Pafmil executive director Ric Pinca said in a statement.

Pafmil issue the statement amid an ongoing investigation of the Trade Department on possible profiteering by some flour millers and bakers,

Pinca noted that locally-milled flour were mostly processed from high quality wheat from the United States. The Philippines imports about 95 percent of its wheat requirements from the US.

Pinca said the Philippines had the best bread flour in Southeast Asia. He added Turkish flour does not live to the quality and price of locally-milled flour.

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“It would be comparing apples to oranges. They just do not match and the comparison is unfair to Philippine flour,” the group said.

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