What does the cryptic crossword clue "Ingestible powder in magazine seized by bookmaker (8)" mean?

The definition is "Ingestible powder". The wordplay uses a container (one word inside another). NME (synonym="New Musical Express – ‘magazine’") in CORAL (synonym="bookmaker") = CORNMEAL The answer is CORNMEAL.

Ingestible powder in magazine seized by bookmaker (8)

Independent Cryptic #11716 | 21 Across | 2024-04-29 flower

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