Written by Megan Defreitas on July 17, 2023

Seprod reports price reduction for some products

Seprod is reporting a reduction in a number of its prices since the start of this year.

In a post on social media by the company's CEO Richard Pandohie, a list of 13 items was published, with 15 per cent being the most shaved off from prices. This was for a 30 millilitre beverage.

The smallest percentage decline was amongst wheat products to include counter flour.

The CEO said from the fourth quarter of last year, Seprod started to lower the cost of some products based on decreased input prices.

He also said some products like milk saw a 40 per cent increase in cost since 2020, and will likely not change for the rest of the year based on the value of inputs.

Source: Radio Jamaica News
July 14, 2023

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