Bread Prices Set To Go Up - Report

3 years agoThu, 07 May 2020 03:31:36 GMT
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Bread Prices Set To Go Up - Report

The price of bread is set to go up anytime from now following the increase in wheat producer price from around $8000 to around $11 000 by the Grain Marketing Board. Business Times reports.

The imminent bread price hike was confirmed by National Bakers Association of Zimbabwe President Dennis Wala who said this to the publication:

As you can see the Grain Marketing Board has hiked the wheat producer’s price, this means the millers will get wheat at a high price and consequently they have increased flour prices hence all the costs will affect us and this will definitely increase bread prices.

As we speak, we are in negotiations with millers and the government as to what price we may put in place.

Every time we increase the bread price, people think we are inconsiderate to the consumers but we are the last in the value chain.

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The wheat producer price increase came at a time local companies are reeling from operating in a hyperinflationary environment and high production costs amid other challenges.

More: Business Times



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