Bakers Dismiss Claims of Flour Price Crash as Bread Prices Rise Over 200% Nationwide
Despite viral reports suggesting a major drop in flour prices, Nigerian bakers insist there has been no meaningful reduction, keeping bread prices at record highs. Over the past two years, the cost of bread has surged by more than 200% due to soaring prices of flour, sugar, yeast, butter, and energy. A family-sized loaf now sells for N2,000 or more, while smaller loaves have tripled in price.
Bakers say production costs remain overwhelming despite slight reductions in flour from over N80,000 per 50kg bag to around N58,000. They warn that unless ingredient and energy prices fall significantly, bread prices will not come down. Meanwhile, consumers continue to pressure bakers for relief, with many households struggling under rising food inflation. Industry operators say several bakeries may shut down if costs persist.
#BreadPrices
#BakersAssociation
#FlourCost
Despite viral reports suggesting a major drop in flour prices, Nigerian bakers insist there has been no meaningful reduction, keeping bread prices at record highs. Over the past two years, the cost of bread has surged by more than 200% due to soaring prices of flour, sugar, yeast, butter, and energy. A family-sized loaf now sells for N2,000 or more, while smaller loaves have tripled in price.
Bakers say production costs remain overwhelming despite slight reductions in flour from over N80,000 per 50kg bag to around N58,000. They warn that unless ingredient and energy prices fall significantly, bread prices will not come down. Meanwhile, consumers continue to pressure bakers for relief, with many households struggling under rising food inflation. Industry operators say several bakeries may shut down if costs persist.
#BreadPrices
#BakersAssociation
#FlourCost
Bakers Dismiss Claims of Flour Price Crash as Bread Prices Rise Over 200% Nationwide
Despite viral reports suggesting a major drop in flour prices, Nigerian bakers insist there has been no meaningful reduction, keeping bread prices at record highs. Over the past two years, the cost of bread has surged by more than 200% due to soaring prices of flour, sugar, yeast, butter, and energy. A family-sized loaf now sells for N2,000 or more, while smaller loaves have tripled in price.
Bakers say production costs remain overwhelming despite slight reductions in flour from over N80,000 per 50kg bag to around N58,000. They warn that unless ingredient and energy prices fall significantly, bread prices will not come down. Meanwhile, consumers continue to pressure bakers for relief, with many households struggling under rising food inflation. Industry operators say several bakeries may shut down if costs persist.
#BreadPrices
#BakersAssociation
#FlourCost
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