Due to disagreements among bakers over how to deal with the rise in the cost of raw materials brought on by the ongoing conflict between Russia and Ukraine, the price of bread is predicted to climb by 20.
In order to pressure the Federal Government to implement business-friendly policies, the Premium Breadmakers Association of Nigeria (PBAN) had stated last week that its members will go on a four-day warning strike.
Cross River State’s bakers announced their desire to raise the price of their bread while also abandoning the strike.
In a conversation with journalists, Thomas Odey, the state’s PBAN chairman, verified the situation.
It was previously reported that the invasion of Ukraine by Russia disrupted global trade, and also impacted exportation of wheat
He said: “The planned increment is not even enough, this is because the price of every means of production has increased from condiments to diesel and all other raw materials.”
“This is a global issue that is not peculiar to Nigeria or materials for baking alone, but the price of every foodstuff has increased significantly.
“In my contacts with big flour mills in the country, they will tell you the Russia/Ukraine crisis, exchange rate and the issue of sourcing foreign currency are posing major challenges and increasing the price of wheat flour.
“In my training with Flour Mill, I discovered that they mixed cassava flour with wheat to get what they used, but the kind of cassava they used was a species we need to develop in large quantities.”
Also, the Chairman of Association of Master Bakers and Caterers of Nigeria in Kogi State, Gabriel Bamidele-Adeniyi, confirmed the increase in the bread price.
He also gave the breakdown of the prices starting from this week.
He said: “Unfortunately, as we resume production July 25, prices of bread will increase by 20 percent.
“A bread of N200 will cost between N240 and N250, that of N500 will cost N600, that of N600; N750, that of N700 will cost N880 and that of N800; between N980 and N1,000, respectively.”
