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Reuel Colt Gridley famously carried a 50-pound bag of flour on his shoulder after losing a political bet in Austin, Nevada. The sack of flour was later auctioned off, then re-donated, then re-auctioned again and again to raise money for the United States Sanitary Commission during the American Civil War. Auctioning this single flour sack ...
The company was founded in 1981 as a trading enterprise, importing sugar, cement, rice, fisheries, and other consumer goods for distribution in the Nigeria market. [3] The group moved into manufacturing in the 1990s, starting with textiles, moving onto flour milling, salt processing and sugar refining by the end of the decade.
Dry bulk ingredients, such as sugar and flour, are measured by weight in most of the world ("250 g flour"), and by volume in North America ("1 ⁄ 2 cup flour"). Small quantities of salt and spices are generally measured by volume worldwide, as few households have sufficiently precise balances to measure by weight.
Unlike the COVID-19 shortages caused by hoarding, such as toilet paper and hand sanitizer, people were actually buying flour, using it, and wanting to buy more. [2] The shortages weren't due to a shortage of wheat or milling capacity but to bagging capacity for 5-pound bags of flour; in response the company developed a 3-pound bag. [2]
The stock started 2024 with a pretty expensive multiple, only to end the year with an even pricier one (shares go for almost 42 times trailing price-to-earnings (P/E)).
Flour Mills of Nigeria (FMN) also known as FMN Group is a Nigerian diversified agribusiness company, it was founded in 1960 by George S. Coumantaros. It is one of the leading FMCG companies in Nigeria and West Africa.
MOSCOW (Reuters) -Russia said on Wednesday that relations with Washington were so confrontational that Russian citizens should not visit the United States, Canada and some EU countries in coming ...
A Dutch court convicted five men for their part in last month's violence against Israeli soccer fans in Amsterdam.