Angola: Customs warehouse resumes sale of wheat flour Monday

Luanda – Customs Warehouse Angola has announced that it will resume Monday selling wheat flour to wholesale and Bakeries, which has been stagnant since last August, due to the shortage in the stocks, Angop has learnt.

The shortage led to the increase in price of the 50 kg bag in the last 15 days, standing at 100 percent, according to commercial director Fernando Sobrinho.

The product rose from AKz 5, 800 to AKz 10, 800, he added, underlining that the shortage in stocks, going into its second month, owed to the increased demand.

Last May, the 50 kg bag was marketed at 5, 500 Kwanzas, but from June it drop to AKZ 5,300, a period in which the wholesalers traded at 6,600 Kwanzas.

Speaking to Angop of the ongoing measures to solve the problem (stock shortage) and increase the supply and therefore, reduction of the price of the 50 kg bag, Sobrinho explained that the Warehouse resorted to Grinding Machine for an initial purchase of 20,000 bags of wheat flour.

The process starts on Friday (28), with the acquisition of 2, 400 bags/day.

In his interview, the director also assured existing quantities for the Christmas and Year end Festive.

He said that the eight thousand tons of wheat flour imported from Turkey and Ukraine are due to reach the country in November.

Fernando Sobrinho explained that two months ago there was a sharp increase in the import price of wheat flour, from USD 350 to USD 400 per ton in the international market.

Source: Angola Press News Agency