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NATIONAL Flour Mills (NFM) chairman Ashmeer Mohamed said the newly articulated US foreign policy, including potential widespread tariffs, may further destabilise global food prices.

Mohamed made the statement in his report on the company’s audited financial statements for the year ended December 31, 2024.

He said in 2024, the company operated in a challenging global economic environment characterised by ongoing geopolitical tensions, evolving international trade policies, and climate change impacts.