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Millers allay fears of hikes in flour prices

A man arranging packets of flour on a shelf in supermarket. [Jenipher Wachie,Standard]

Millers have allayed fears of a spike in prices of their products, saying they can now absorb the effects of increased Value Added Tax on fuel after the Government zero-rated cereals.

They said yesterday tax refunds would cushion their operations from VAT losses, allowing them to absorb the extra costs.

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