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Business: Bahrain Channels 2.8 Million For Flour

The Government of Bahrain has recently pumped BD2.8 million into the Bahrain Flour Mills company (government owned and main supplier of flour to local bakeries) during the first three months of 2019 to overcome the losses the company has borne.

The move comes to maintain the ordinary prices of bread in local markets.

The amount is an increase of 21p percent of the subsidy (BD 2.3 million)offered last year by the government to the company, which recently witnesses losses of around BD2.4 million due to the increase of sales cost.

The subsidy is directed only to support local bakers (khabbaz) as the government supports the vital sector with cheaper flour than the actual market price since the 1970’s.

The post Business: Bahrain Channels 2.8 Million For Flour appeared first on Gulf Insider.

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