Oman Flour Mills Company has clarified regarding the rise in prices of flour and fodder products.

In a statement issued, Oman Flour Mills said the prices will be reverted as soon as the global prices of raw materials are stabilized.

“We express deep regret over what may be caused by the current increase in the current pricing of flour and fodder products, stressing that it will return the prices of its products to what they were as soon as global prices stabilize. We also confirm that prices of baked products will remain the same, the company said. According to the company the prices have been increased due to the “result of the sharp rise in the prices of raw materials globally.”

“The company has taken all available measures to avoid raising the prices of its products. In the current period, the global market situation has deviated a lot from stability, which necessitated the company to raise prices temporarily for the continued availability of products in the local markets,” the statement added.

SOURCE: THEARABIANSTORIES