Prices of normal flour will decrease by six percent, effective tomorrow.
The reduced prices, come a year after they were increased twice on the back of increased global wheat prices. In May 2022, the price of 10kg of flour increased to $16.95 from $15.58. Two months later, it went up to $18.97. From tomorrow, a 10-kg flour will fetch $16.84.
In a statement, the Fijian Competition and Consumer Commission (FCCC) said the decision is based on their review of wheat prices – monitoring international wheat prices and observed a drop tied to lower prices for Australian Hard Wheat and Australian Premium Wheat. The decrease in flour prices is also influenced by currency exchange rates, production and milling costs, and delivery costs.
The FCCC expects this decrease to impact other regulated staple foods like breakfast crackers and bread.
Last year a packet 375-gram packet biscuit increased from $1.70 to $2.00, a 5kg bucket to $32.40 from $28.41, while a 2kg bucket increased from $12.36 to $13.89. The same year, long loaf price increased from 71 cents to 94 cents, medium white slice increased from $1 to $1.54 and a medium wholemeal slice increased from $1.14 to $1.63.
