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Bread Price to increase as bakers threaten to halt production

Prices of bread are expected to increase on the market as bakers complain of hikes in cost of raw materials.

Big brands in the baking industry have concluded to halt production for three days ahead of the increase in the price of loaf of bread.

The bakers say the price of flour and sugar has increased astronomically, hence the intended increment in bread.

A member of the Bakers Association, Theresa Boakye Boadu, says the industry cannot survive without the price adjustments.

Chief Executive Officer of Uncle Ben’s Bakery, Willis Wehere, says current production is such that the least of a challenge in production keeps one out of business.

They are laying down their tools for three days ahead of the new price of bread on Monday.

Industry players such as BB, YP, Mama Esther and Formula 1 have all joined in the crusade.

William Okai, a wholesaler and retailer of flour and sugar, confirmed recent increases in both products.

Some bread retailers want the government to reduce taxation on the raw material to keep them in business.

Others called on the producers of bread to improve the quality of products as they push for the increment.


Source: OTEC

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