The Association of Master Bakers and Caterers of Nigeria (AMBCN) says a 50 percent increase in the prices of bread is inevitable.
He said the prices of baking ingredients have increased due to the coronavirus pandemic, adding that manufacturers are now running at a loss.
“Prices of all ingredients used for baking are too high, especially flour and sugar. Between March and September, there has been a monthly addition of N500 on a bag of flour and bakers have been bearing the additional cost,” he said.
Nura Musa, the public relations officer of AMBCN Abuja chapter, called for government intervention.
He said an increase in prices will affect sales which will consequently affect bakery jobs across the country.
“The instability of foreign exchange, high cost of diesel and other baking materials are reasons given by flour millers for the hike in the prices of baking materials,” he said.
“We have appealed to flour millers and other people involved in the selling of baking materials to reduce their prices but they have not responded.
“And that is why we are pleading with Federal Government to intervene in this matter by engaging the flour millers and baking material sellers.
A bag of flour which sold at N10,500 before the outbreak of coronavirus, now sells at N13, 000.
Also, a bag of sugar now sells between N19, 000 and N20,000 depending on bargaining power against the pre-COVID-19 price of N14,000.
The alert on the possible increase of the cost of bread is coming at a time when there is outrage over hike in pump price of petrol and new electricity tariff.
Source: The Cable
