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Price Of Bread Set To Rise As Bakers Lament High Cost Of Ingredients - Food - Nairaland

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Expect 50% Increase In Prices Of Bread - Bakers Tell Nigerians / Bread Price May Rise By 10% / Bakers Set To Increase Bread Prices (2) (3) (4)

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Price Of Bread Set To Rise As Bakers Lament High Cost Of Ingredients by Iamdemola(m): 7:40am On Sep 11
Two bakers’ union, the Premium Bread Makers Association of Nigeria (PBAN) and the Association of Master Bakers & Caterers of Nigeria (AMBCN) have lamented the high cost of purchasing baking ingredients in Nigeria.

The group, in a press conference held in Lagos, called on the federal government to look into the increase in the prices of the essential material, describing it as a “near wipeout of the bread-making industry in Nigeria.”

The president of PBAN, Tosan Jemide, while addressing journalists at the press conference on Thursday, said that the bread-making industry has employed millions of Nigerians directly or indirectly, making it a key employer of labour in the country.

Mr Jemide noted that bread has become an important staple food in most Nigerian households, regardless of social standing and hindrance to its production could affect the country’s economy adversely.

“Although we have been experiencing difficulties for a while, the period between March 2020 and August 2020, the price of flour which is our major ingredient has increased from N10,500 per 50kg bag to N13,500 per bag. Sugar increased from N13,500 per bag, went as high as N29,000 and down to N19,000 per bag in the corresponding period.

“Margarine, from N5,800 is almost N11,000. A 25 litre can of Vegetable oil which was about N13,000 thousand now sells for N16,000 while Milk which was hitherto N29,000, now goes for N52,000. Preservative (Calcium Propionate) increased from N25,000 to N34,500, with the possibility of further price increases not ruled out,” he said.

Mr Jemide added that the members of the association have been putting up with the price hike in the past six months without a corresponding increase in the prices of bread. He, however, said the bakers could no longer continue to subsidise the rates of bread, as their profits have been totally wiped out.

He said, “Most of us got loans with double-digit interest rates from banks and other financial institutions to fund our bakery projects and are finding it extremely difficult to meet our loan repayment obligations. Both Associations shall henceforth be responding correspondingly to any indiscriminate price increases by millers, sugar refiners, and ingredient manufacturers and suppliers with the same measure in the prices of bread.”

Mr Jemide also kicked strongly against the decision of the flour millers, sugar refiners, and baking ingredient manufacturers to increase the prices of their products without due consultations with the stakeholders in the baking industry.

https://www.premiumtimesng.com/regional/ssouth-west/413635-price-of-bread-set-to-rise-as-bakers-lament-high-cost-of-ingredients.html#.X1rrq1v9lvg.twitter

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Re: Price Of Bread Set To Rise As Bakers Lament High Cost Of Ingredients by Iamdemola(m): 7:42am On Sep 11
I just hope that it won't get to the stage that we will not be able to eat anything again in this country undecided

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Re: Price Of Bread Set To Rise As Bakers Lament High Cost Of Ingredients by mariahAngel: 7:46am On Sep 11
Iamdemola:
I just hope that it won't get to the stage that we will not be able to eat anything again in this country undecided

It is gradually getting to that stage where the only item we would all be able to afford would be good old life saving beans.

I remember when noodles used to be the last option embarassed

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Re: Price Of Bread Set To Rise As Bakers Lament High Cost Of Ingredients by olus01(m): 7:50am On Sep 11
bubu really scam us big time

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Re: Price Of Bread Set To Rise As Bakers Lament High Cost Of Ingredients by DaddyGngeess(m): 7:56am On Sep 11
Same thing happen 1984

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Re: Price Of Bread Set To Rise As Bakers Lament High Cost Of Ingredients by Iamdemola(m): 8:03am On Sep 11
mariahAngel:


It is gradually getting to that stage where the only item we would all be able to afford would be good old life saving beans.

I remember when noodles used to be the last option embarassed

Ah! We wouldn't want to go back to that stage

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Re: Price Of Bread Set To Rise As Bakers Lament High Cost Of Ingredients by Larryfest(m): 8:16am On Sep 11
This is the best government so far in the history of Nigeria, bubu should be given a life time presidency ticket....He is really performing.

66 Likes 4 Shares

Re: Price Of Bread Set To Rise As Bakers Lament High Cost Of Ingredients by Nbotee(m): 8:23am On Sep 11
mariahAngel:


It is gradually getting to that stage where the only item we would all be able to afford would be good old life saving beans.

I remember when noodles used to be the last option embarassed

Even beans is now on d high side..

48 Likes 3 Shares

Re: Price Of Bread Set To Rise As Bakers Lament High Cost Of Ingredients by Nbotee(m): 8:24am On Sep 11
Prices of basically every food item is rising... Rice, garri, Beans, flour, U name it...

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Re: Price Of Bread Set To Rise As Bakers Lament High Cost Of Ingredients by cruxgemmata(m): 10:00am On Sep 11
This is bad. Its affecting quality.
Over here in KD, taste of bread be like days 1980s.

Top bread producers Inclusive and price and weight has also been affected

17 Likes 1 Share

Re: Price Of Bread Set To Rise As Bakers Lament High Cost Of Ingredients by Iamdemola(m): 10:43am On Sep 11
cruxgemmata:
This is bad. Its affecting quality.
Over here in KD, taste of bread be like days 1980s.

Top bread producers Inclusive and price and weight has also been affected

That's the problem. Quality is being reduced to maximise profit

20 Likes 1 Share

Re: Price Of Bread Set To Rise As Bakers Lament High Cost Of Ingredients by Iamdemola(m): 10:44am On Sep 11
Nbotee:
Prices of basically every food item is rising... Rice, garri, Beans, flour, U name it...

That's why I fear we don't experience famine soon

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Re: Price Of Bread Set To Rise As Bakers Lament High Cost Of Ingredients by iLegendd: 11:14am On Sep 11
Let everything rise — including d*cks of impotent men. We don't care anymore.

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Re: Price Of Bread Set To Rise As Bakers Lament High Cost Of Ingredients by sirnoble03: 11:14am On Sep 11
Don't use bromate

Don't use saccharine

Yet the price of every ingredient is skyrocketing and no one seems concerned because the major profit goes to a northerners.

Same thing for foodstuffs.

The change they promised grin

The change we see cry

21 Likes 1 Share

Re: Price Of Bread Set To Rise As Bakers Lament High Cost Of Ingredients by Andyblaze: 11:15am On Sep 11
Re: Price Of Bread Set To Rise As Bakers Lament High Cost Of Ingredients by PureGoldh(m): 11:15am On Sep 11
Chaiiii..... every sector in dx country dey shake

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Re: Price Of Bread Set To Rise As Bakers Lament High Cost Of Ingredients by Queenlovely(f): 11:15am On Sep 11
lectiophile

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Re: Price Of Bread Set To Rise As Bakers Lament High Cost Of Ingredients by NegroAcheiver: 11:15am On Sep 11
H.
Re: Price Of Bread Set To Rise As Bakers Lament High Cost Of Ingredients by EzzyCarter: 11:15am On Sep 11
Good development grin . Nigerians deserve everything they are getting. God bless Buhari

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Re: Price Of Bread Set To Rise As Bakers Lament High Cost Of Ingredients by Oyikoha(m): 11:15am On Sep 11
What a government

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Re: Price Of Bread Set To Rise As Bakers Lament High Cost Of Ingredients by chinavs9ja(m): 11:16am On Sep 11
This country has gotten to the extreme end in which lower class won't be able to afford daily bread. However, if government doesn't care anymore, we Nigerians should help one another and less privileged.

I am a professional website developer and Android applications developer. Check my signature.

1 Like

Re: Price Of Bread Set To Rise As Bakers Lament High Cost Of Ingredients by ipobarethieves: 11:16am On Sep 11
sad Even at 450k
Re: Price Of Bread Set To Rise As Bakers Lament High Cost Of Ingredients by Madibah(m): 11:16am On Sep 11
H
Re: Price Of Bread Set To Rise As Bakers Lament High Cost Of Ingredients by valentineuwakwe(m): 11:17am On Sep 11
I remember in Zambia or Mozambique where this bread increment was done and a protest broke out!

Where fuel and electricity bills were increased, yet no protest..is it bread?

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Re: Price Of Bread Set To Rise As Bakers Lament High Cost Of Ingredients by kenzysmith(m): 11:17am On Sep 11
Thunder for them wetin Dem dey bake the day I visited one fine bakery I decided to quit eating bread if u see as Dem dey sweat dey fall on topz bread wey person one chop chai na God dey save person for this country if them like make them carry bread go 2k na them sabi cheesy

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Re: Price Of Bread Set To Rise As Bakers Lament High Cost Of Ingredients by Bornfool(m): 11:17am On Sep 11
I will not be suprise if one pure water is sell for 100 naira

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Re: Price Of Bread Set To Rise As Bakers Lament High Cost Of Ingredients by mytime24(f): 11:17am On Sep 11
Make una enjoy una 4+4


Sai baba till 2050 cheesy

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Re: Price Of Bread Set To Rise As Bakers Lament High Cost Of Ingredients by Judolisco(m): 11:17am On Sep 11
Increase the price na.... Nothing dey shock us again

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Re: Price Of Bread Set To Rise As Bakers Lament High Cost Of Ingredients by Sensitivity(m): 11:18am On Sep 11
We don enter am for Naija. Only God knows how much things will cost by 2023 cry

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Re: Price Of Bread Set To Rise As Bakers Lament High Cost Of Ingredients by Bobotic(m): 11:18am On Sep 11
In those days of Awolowo and Obafemi, people then did not complain such...

Here comes our turn, Buhari is wickeding us!

Heavenly Father We Need Your Intervention!!!!!

17 Likes 1 Share

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