Saint Lucia Among Beneficiaries Of ECGC Reduced Flour Prices

On October 24, the Eastern Caribbean Group of Companies (ECGC) announced a 5 to 10 percent reduction in the price of its flour products across the OECS and Barbados. According to ECGC, both its bulk flour and retail-packaged flour sold in supermarkets across the OECS will see lower prices. Two of the ECGC’s major brands, Cream of the Islands and CariGold, will have their 100lb bags reduced by an average of XCD $6 to XCD $10 across its markets, the ECGC reported. Other ECGC flour brands include Easy Bake, Purity, and Nelson. Buyers can expect retail prices to drop by an average of 10 cents per pound on ECGC produced flour available in local, community stores. Premium packaged brands are anticipated to reflect a reduction of 30 to 90 cents on supermarket shelves. The company described this price decrease as an “independence gift,” as St. Vincent & the Grenadines observed its independence on October 27, with Antigua & Barbuda, Dominica, and Barbados observing theirs on November 1, November 2, and November 30, respectively. Robert Cato, ECGC’s Chief Executive Officer, stated that improved efficiency, recent capital investments, and favourable market conditions made the price adjustment feasible. “Lower flour prices enhance affordability...