Bahrain Flour Mills Company (BFM) has announced the deferral of the implementation of its decision to increase the prices of its products for three months to enable main food companies and the food-manufacturing sector to diversify the supply and import sources for their production lines.
The company last night asserted that the prices of subsidised products subject to supervision would remain unchanged, including flour used by traditional companies.
The decision to postpone the price rise followed a joint meeting between the legislative branch, the government and company representatives.
The government delegation had said at the meeting that the company was fully committed to maintaining business viability and adjusting prices was necessary to ensure its long-term sustainability, as reported by the GDN.
The delegation noted that the interest of the citizen was top priority, and joint efforts and co-ordination between the executive and legislative authorities would continue to achieve the aspirations of the people.
Bahrain Flour Mills Company had recently announced its decision to increase the prices of flour and related products by 35 per cent to 100pc, prompting MPs to call for an urgent meeting to discuss the move.
The company completed a major expansion of its production capacity in March.
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