Local flour millers have asked the Tariff Commission to retain the most favored nation (MFN) tariff rate on milling wheat and wheat flour for the 2024-2028 to ensure continued supply of flour in the country at stable prices. Ric Pinca, executive director of the Philippine Association of Flour...
Local flour millers will seek to extend the three-year definitive anti-dumping duty on wheat flour from Turkey on fears that “dumping” practices could resume once the punitive duty expires. In a statement, Philippine Association of Flour Millers (PAFMIL) Executive Director Ric Pinca said local...
Flour millers assured consumers, bakery and food industries of a steady supply and prices of high-quality wheat flour for the holiday season, although higher prices for new wheat arrivals may kick in. Philippine Association of Flour Miller's (PAFMIL) Executive Director Ric Pinca made the supply...
Photo by Pixabay from Pexels. There is a global wheat shortage. The Philippine Association of Flour Millers, Inc. (PAFMI) mainly attributes this to the war between Russia and Ukraine, which collectively supply a third of the global wheat supply. Wheat exports from Ukraine are blocked by the Russian...
Flour prices are up 15 percent while other ingredients in breadmaking are also on uptick, putting pressure on prices of bread, particularly Pinoy Tasty and Pinoy Pandesal. Simplicio Umali Jr., president and general manager of the country’s largest bread manufacturer Gardenia Bakeries, said that...