Bua Foods Plc and rival, Flour Mills of Nigeria Plc are in a war of words over alleged suspension of sugar sales.
Flour Mills of Nigeria Plc said on Monday that it did not suspend sales of sugar as claimed by BUA.
BUA Foods had in an advertorial published on Monday said Flour Mills suspended sugar sales because the 2022 raw sugar allocation had been declined by the government. It also accused Dangote Sugar of halting sales of the product in a bid to create scarcity and force prices to go up.
BUA Foods said, “We have been inundated with calls from our customers that Dangote Sugar and Flour Mills have both suspended sales of Sugar, seeking to know if BUA will follow suit. We would like to reassure our customers that BUA is not joining the suspension of sales of sugar.
The company said it was ready to halt all sugar exports to cater for the needs of the local population should the need arise. It warned that any of its distributors found culpable of hoarding the product would be delisted with immediate effect.
Meanwhile, the Corporate Communications Manager, Flour Mills of Nigeria, Mr Samuel Iboroma, denied the suspension saying this could be confirmed from the company’s dealers, adding that the National Sugar Development Council would hold a press conference on Wednesday to address the matter.
Dangote Group spokesperson also promised to speak on the matter Tuesday.
