Bakers increase bread prices by another 20%

CONSUMERS of bread in Lagos and neighbouring states will from Wednesday pay more, as bread bakers have increased the price of the commodity by 20 per cent.

The bakers hinged the new increase in the price on the high cost of flour, sugar and other ingredients as a result of the forex crisis.

Lagos State chairman of the Association of Master Bakers and Caterers of Nigeria, Mr Jacob Adejorin, while announcing the increase on Monday, described the new increase as “unavoidable.”

The bakers’ leader said  “after serious consideration with the high prices of baking ingredients skyrocketing all the time, most especially flour, sugar, salt, yeast, kerosene, diesel and a series of local government levies have compelled us to increase bread prices.”

He also said “a few months ago, a bag of flour was sold for N6,000, while sugar was sold for N7,000, but as of this morning, a bag of flour was N11,000 and sugar about N15 000.

“The bakers can no longer cope with this situation, hence the decision to increase the prices by about 20 per cent accross board,” Adejorin said.

The bakers’ chairman said “we appeal to our customers and consuners of bread in general to bear with us at this time. It is our promise to continue to produce good quality bread at affordable prices.”

The bakers also called on the Federal Government to give some consideration to flour millers in the country, as a way of preventing another increase in the near future.”

The bakers also pleaded that “we urge the flour millers also to have bakers in mind whenever any increase in price is being considered, as we are the end users of their products.”

The Lagos bakers also warned that their members would no longer tolerate any future increase in the price of flour without being properly informed ahead of time.

The bakers’ chairman stated that “the new price will take effect from Wednesday, August 17. Full compliance is expected by the end of August, after which state taskforce will be going round to ensure enforcement.”