Residents Lament as Price of Bread Increases in Rivers Due to High Cost of Baking Supplies
- Starting today, July 31, 2023, the price of bread will no longer be the same
- Bakers said a hike in the cost of baking supply in Nigeria necessitates the increase
- Considering the economic situation of the country, it has been decided that the increase would be mild
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The Rivers State chapter of the Association of Master Bakers and Caterers in Nigeria has asked consumers to prepare for a new price regime starting on Monday, July 31, 2023, due to the increased cost of baking supplies.
This was said by Dr Chidi Orlu, the association's state chairman, in a Port Harcourt meeting with journalists.
Source: UGC
This follows an earlier notice by the Nigerian bakers to increase the prices of bread on the back of inflation, and foreign exchange issues, among others.
In an interview, the group's President, Emmanuel Onuorah, expressed the desire of members of the organisation to increase the prices of bread.
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Reason for increase
Orlu stated that the nation's current economic conditions were having a negative impact on bakers' production costs but added that the increase would be slight in a Punch report.
He noted that the high cost of petroleum products, like fuel and diesel, did not help as they have affected the bread prices in Rivers State.
His words:
From Monday, the prices of bread in Rivers State will increase slightly. We plead with consumers and the general public to understand with us.
Bread supply threatened as rising flour costs fuel conflict between bakers and millers
Legit.ng reported earlier that The Premium Bread Makers Association of Nigeria (PBAN) disputes flour millers' assertion that the cost of flour has not increased during the past 12 months.
This follows the announcement by the Association of Master Bakers and Caterers of Nigeria, AMBCH, on the planned increase in the price of bread.
Emmanuel Onuorah, President of PBAN, told Punch that flour millers had implemented another increase in the price of flour following the devaluation of the naira.
In his reaction, Modupe Thani, the corporate communications manager at Flour Mills of Nigeria, said the claim is untrue and that the flour price has not increased recently.
Source: Legit.ng
