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Bakeries struggling to cope with costs, shortage of bread looms

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Bakeries struggling to cope with costs, shortage of bread looms

The recent additional subsidy on flour is far from being able to offset the increase in the
operating costs of bakeries.

Local bakery owners say they will not be able to pursue their activities if the price of “homemade bread” is maintained at Rs 2.60. A readjustment in the price of all common breads, with up to Rs6 for the french baguette, is also being insisted on.

Seven bakeries have reportedly already pulled down their curtain. More closures are expected this week, they say.

“Some bakeries that use traditional ovens, which run on diesel, will stop their activity when their fuel reserve is exhausted”, said spokesperson Nasser Moraby.

The price of gasoline and diesel have been increased three times over the last four months – at least 10% up at every increase. Diesel is currently sold a Rs49.60 per litre.

“Bakery products have shot up. The price of bread has to be reviewed significantly for us to stay afloat. Else, we could be heading towards a national shortage of bread.”

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The information and opinions expressed in our published works are those of authors/sources believed to be reliable. NewsMoris makes no representations as to accuracy, completeness, suitability, or validity of any information expressed.