Government Requests Stay In Price Increases By ADM Caribbean Agro 

PR – The Government of Grenada is taking active steps to avert a  price increase proposed by ADM Caribbean Agro Industries Limited which will affect the  cost of flour and animal feed. 

Following notification of the pending 8% increase for flour and animal feed, Trade  Minister, Alvin DaBreo immediately sought an audience with the Managing Director of  Caribbean Agro in which he communicated Government’s position that such an increase  is not in the best interest of Grenadians at this time.  

As recently as two months ago, the company instituted price increases of between 12%  and 16% for its products. Therefore, the planned 8% increase would mean that customers  are expected to pay significantly more than they were paying in the preceding months. 

Minister DaBreo will dispatch a letter to the company on Wednesday, formalising  Government’s position on the proposed upward revision of prices, and urging greater  sensitivity to the overall impact that global price increases are already having on  consumers in Grenada. 

Though it now falls under the ADM Animal Nutrition brand, Caribbean Agro has enjoyed  generous concessions from Government, for decade