June 17, 2015

17/06/2015: Maggi ban: Flour millers recall maida supplied to Nestle

According to sources, around two dozen flour mills with a maida supply dedicated to Nestle have stopped production, The Business Standard reports.

With the ban on Maggi noodles production in India continuing, flour millers have started dumping maida into the market at a loss. In the process, prices of maida have declined by Rs 2-3 a kg to Rs 16-19 a kg in the vicinity of Nestle factories across the country.
       
http://www.business-standard.com/article/companies/maggi-ban-flour-millers-recall-maida-supplied-to-nestle-115061600725_1.html
Image: Harsh Patel
Following the nationwide ban on Maggi sales, flour millers lifted maida already supplied to Nestle to divert the quantity to other competing buyers including regional noodle and bread makers.

Because of the differentiation in quality and the huge stock available with them, flour millers have started dumping maida into the open market to dispose of the quantity before it absorbs moisture due to ongoing rainfalls across the country.

According to trade sources, around two dozen flour mills with its maida supply dedicated to Nestle have stopped production. Others with such specific maida production line-up have also closed down the machines.

Agri commodities are moisture-sensitive. Rice, flour and maida absorb moisture in case they are not stored in dry conditions. Proximity of moisture determines the quality and durability of maida and flour. Fearing quality deterioration, flour mills have started selling maida at a loss of Rs 1.50-2 a kg in wholesale markets.
 


Read the rest of the article HERE.
 

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