Consumers to pay more as bread prices go up by 30%

The Association of Master Bakers and Caterers of Nigeria (AMBCN) says prices of bread and biscuits will increase by 30 percent to cushion the impact of rising cost of production.

The association reached the resolution at the end of its national executive council (NEC) meeting in Abuja.

In 2020, AMBCN had hinted at a 50 percent increase in the price of bread citing the surging cost of raw materials and COVID-19 impact.

While the various interventions by the government have seen a ramp-up in the local production of raw materials such as wheat and sugar, this is still short…