The Premium Breadmakers Association of Nigeria and the Association of Master Bakers and Caterers of Nigeria have vowed to react to price increase in baking ingredients by increasing the prices of bread. They gave this warning on Thursday (10/09/2020) at a press conference in Lagos.
The President, PBAN, Tosan Jemide, complained that in the last six months, the prices of flour, sugar and other baking ingredients had skyrocketed without a corresponding increase in the prices of bread by member bakeries.
In his words, “We have been busy helping them remain profitable while our businesses suffer, because we are more in tune with the purchasing power of the consumer and are deeply concerned about food security.” “PBAN and AMBCN shall no longer take seat and watch such blatant increases in prices going forward. We shall react with equal price increases or stiff resistance.” He further noted.
Jemide appealed to government to intervene in the rising cost by prevailing on sellers and imploring millers to put a stop to the incessant increment of the prices of commodities. He also called on the President, Major General Muhammadu Buhari (retd.), to help the industry by reining in on the millers or supporting them in whatever way they could to help the manufacturers and distributors with forex.