Low demand, competition sharply cut wheat prices

Kenya does not produce enough wheat. FILE PHOTO | NMG

Wheat flour prices have dropped significantly as stiff competition among millers and low demand from customers force the processors to review the cost.

The price of a two-kilo packet has on average dropped from Sh130 in December to Sh115 across the major brands in Nairobi retail shops. The drop in flour prices — both for maize and wheat — is likely to positively impact on inflation.

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Note: The results are not exact but very close to the actual.