Expect Hike in the Price of Bread Soon-ABCON Tells Nigerians

by on June 18, 2016

The Association of Master Bakers and Caterers of the Nigeria, AMBCN, has told Nigerians to expect a hike in the price of bread soon “to enable bakers to remain in business.”

This was disclosed by its national chairman, Samuel Abanulor at a news conference in Umuahia yesterday.

He said Bakers in the country have been operating at a loss due to the high cost of raw materials, such as flour and sugar.

 He added, “We are helpless because the price of raw materials ranging from flour to sugar, wheat and butter, has gone up.

“It is, therefore, imperative that for us to remain in business, we will have to increase the price of bread.”

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Abanulor explained further that the Association at a meeting with flour producers appealed to them to review the price of flour downward.

“However, they told us that there is nothing they can do because the Federal Government is not giving them foreign exchange and that they source it by themselves at the parallel market.

 “They maintained that they cannot sell below their cost price.”

Abanulor while explaining why it had been difficult for bakers to produce bread with cassava flour, said the Federal Government is yet to provide bakers with an improver called Enzyme that will enhance the cassava flour.

He said “You cannot bake cassava bread without an improver, it will not work.

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“Our challenge is that we reached an agreement with the Federal Government that they are going to give us an improver.

“There are lots of potential in cassava flour but the problem is that government cannot provide us with improver.’

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