Togo to control production and prices of sunflower oil

Published 2022년 5월 30일

Tridge summary

The government of Togo is taking steps to regulate the production and pricing of wheat flour and sunflower oil. A ministry delegation has visited industrial facilities to ensure continuous supply and availability of stocks. The government has set marginal prices for many necessary products, except for vegetable oil and flour, which are still being sold at speculative prices. The government is encouraging bakery manufacturers to use local flour to reduce the hype for imported flour.

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Original content

The production and price of wheat flour and sunflower oil have been taken under control by the government of Togo, the official website of the Togolese Republic reports. A delegation from the Ministry of Trade, Industry and Local Consumption of Togo visited several industrial enterprises producing wheat flour and vegetable oil. “It is necessary to ensure the efficiency of these factories in terms of continuous supply to markets, availability of stocks, shipping prices to wholesalers in connection with the new government guidelines,” said Togo Minister of Commerce Kojo Adedze. After the government has set marginal prices for a number of the most necessary products, the price policy for them is observed, with the exception of vegetable oil and flour. These products continue to be sold at speculative prices. “It is important to strictly enforce marginal prices and meet national demand,” Kojo Adedze told key wholesalers and distributors during a site visit. To reduce the hype for ...

Source: Oilworld