Na­tion­al Flour Mills (NFM) has again ad­just­ed its new price of Flour. While a price in­crease will hap­pen come Jan­u­ary 3, 2022, it will not be as high as an­nounced yes­ter­day. 

In­stead NFM has an­nounced that the price of re­tail brands like its Hi­bis­cus Flour will now in­crease by 10%, down from 19% and its Ibis Flour will see a 17% in­crease, down from 19%.

The NFM said this change comes af­ter it took an­oth­er look at the pro­posed price in­crease which was re­vealed yes­ter­day. How­ev­er, the NFM said this lim­it to its planned price hike will mean that the com­pa­ny will be forced to con­tin­ue to find ways to keep op­er­at­ing costs down.

The com­pa­ny re­it­er­at­ed that the sharp rise in raw ma­te­r­i­al costs and the price of Spring Wheat are two ma­jor fac­tors that led to the price ad­just­ment.

Re­porter: Akash Sama­roo