PRICE OF BREAD MAY GO UP – BAKERS IN IBADAN WARNS

PRICE OF BREAD MAY GO UP – BAKERS IN IBADAN WARNS

The Association of Master Bakers and Caterers of Nigeria, Ibadan branch, has appealed to the Federal Government to assist its members by ensuring the stability of price of raw materials used in production of bread, saying if the situation persists, members may be forced to effect an increase in price of bread.
This position was agreed upon by the association members after their emergency meeting held at its Ibadan office beside Molisa Hospital, Academy Motor Park, Olomi Lagos/Ibadan Expressway, Ibadan, on Tuesday.
The association expressed its position by also displaying placards, saying its protest was peaceful, but meant to intimate the Federal Government and the public of an impending decision.
Some of the placards read “price of flour and other bread ingredients is now on the high side,” “Federal Government should look into it,” “We can no longer bear the burden otherwise the price of loaves will be increased any moment from now.”
The association, in a communiqué jointly signed by its chairman and secretary, Alhaji Rasaq Adelakun and Evangelist Paul Obafemi, stated that the current hike in price of raw materials has become a burden on its members, a development which had denied them appreciable profit in their businesses.
According to the statement, “It has become imperative for our association to bring to the notice of the Federal Government on how increase in prices of bread ingredients has remained unstable in the market.
“The development has forced our members to struggle to make bread available at affordable prices, despite the unstable market prices of ingredients. While this lasted, our members have remained resolute to ensure that our numerous clients get quality bread at affordable price.
“But we were committed to this course; the continuous hike has made that decision more difficult for us, hence, our reason to cry out loud to the Federal Government to bail us out in this regard. If this persists, we could be forced to increase the prices of loaves any moment from now.
“It is our wish to bring to the notice of the Federal Government and our esteemed customers that in recent times, prices of ingredients we use in baking have continued to increase.”
The statement, which listed some of the affected ingredients as flour, sugar, yeast, salt, rolls of nylon, fuel-diesel, EDC, vegetable oil, butter, to mention a few, however, mentioned the range in the price list.
Listing the prices, the statement said “price of flour rose from N7,500 to N10,000; sugar from N8,500 to N11,000; yeast from N3,000 to N7,000; salt from N2,200 to N3,000; nylon roll from N11,000 to N29,000; diesel (litre) from N130 to N180; EDC per 20 litre from N13,000 to N19,000; vegetable oil/ preservative from N11,000 to N22,000; sachet of butter from N100 to N150; among others.”

 

 

 

 

 

CULLED FROM: tribuneonlineng.com

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