KINGSTON, Jamaica — Consumers are expected to see higher prices for flour and selected bakery mixes later this month following an announcement by Jamaica Flour Mills Limited (JFM) regarding upcoming price adjustments.
The company confirmed that the increases will take effect on May 18, citing ongoing challenges in global markets and rising production-related expenses.
In a notice dated May 4, JFM explained that it has been managing increased costs across several areas of its operations, including raw materials, packaging, and freight charges.
According to the company, the decision was made after absorbing the higher expenses for an extended period.
JFM also stated that prices could be reviewed and adjusted if international market conditions improve.
Jamaica Flour Mills Limited remains the island’s sole producer of flour and operates under ownership of the United States-based Archer Daniels Midland Company.
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