Flour Mills Reinstates Commitment To Sustaining Its Brands Despite Price Hike In Raw Materials
Flour Mills Nigeria Ltd (FMN), through its subsidiary Premier Feed Mills, has reiterated its continued commitment to sustaining it brands with local content by finding innovative ways of serving it customers’ needs with the products they love, despite the hike in prices of raw materials in recent times.
The company said this while announcing a temporary suspension of purchase of maize and sorghum over the high prices of commodity and its impact on food security across the country.
The statement reads, “As significant off-takers of maize and sorghum, we can attest to maize and sorghum prices being artificially high at present, with ripple effects on prices and finished products like poultry and other livestock. In the course of our active private-public sector collaboration, we have been in constant consultation with government to establish viable ways of managing the ongoing food crisis especially as it pertains to maize and sorghum.
“In the view of this, PFM will temporarily suspend its off taking of maize and sorghum as we monitor the market environment. In the interim, we will continue our commitment to local content development, finding innovative ways of securing our customers’ needs with the products they love.
FMN said that the company had over the years, have also sourced it key raw material, maze and sorghum from Nigeria’s local maize farmers. Employing over 150,000 Nigerian farmer, while meeting the demand for animal feed rations and animal protein in the country
The company also assured Nigerians that it will continue to create viable growth opportunities for the country while providing employment prospects for Nigerians.
