Flour millers in focus as wheat prices drop

PETALING JAYA: Public-listed flour millers have been gaining traction as the raw material price for its main input commodity falls.Wheat prices have been falling on the international markets. Given given that this commodity is a core cost component for millers, this would mean lower costs for these companies.

“Higher profit margins are in sight. That explains why these millers have seen their share price chalking up gains despite trading at higher valuations,” a dealer says.