And Russia move in on Ukraine on 24th Feb. Then 28th Feb Mflour declare dividend. If Mflour feels there is risk, they will keep the extra money to themselves.
I would bank on Mflour feel their wheat inventory is enough, and risk is small.
It is noteworthy that wheat makes up about 85% to 90% of the production cost for the group's flour Mills making it a challenge for it to absorb the price - PPB . The star 5 march
"IMPORTS In 2020, Malaysia imported $333M in Wheat, becoming the 38th largest importer of Wheat in the world. At the same year, Wheat was the 109th most imported product in Malaysia. Malaysia imports Wheat primarily from: Australia ($118M), United States ($74.3M), Ukraine ($72.3M), Canada ($38.4M), and Argentina ($14M).
The fastest growing import markets in Wheat for Malaysia between 2019 and 2020 were Ukraine ($29M), Argentina ($3.94M), and India ($1.34M)."
Since Ukraine is out, and soon India, you just see how much prices will go up as well
On another matter, Nanta said the ministry issued an Approved Permit (AP) for the import of sugar and flour and it was still working on the details of the latest policy concerning the permit.
Prime Minister Datuk Seri Ismail Sabri Yaakob said the need for APs to import food has been revoked in a move to ensure there will be sufficient food supply in the country.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....