The prices of different sizes of bread have increased in Benin city because of the rising cost of wheat flour, a major ingredient used in the production of bread.
The continuous increases in price of wheat has been attributed to disruption in value chain caused by the ongoing Russia/Ukraine war.
Some bread sellers on Thursday in Benin sold a small loaf of bread that used to cost N120 in November 2021 for N180.
“A medium-sized bread that sold for N300 seven months ago, now sells for N450, while a big-size bread now sells for N850, as against N500.
Some residents have expressed concern over the incessant increment, calling for the Federal Government’s intervention.
Mr Benjamin Agbonze, the chairman, Association of Master Bakers and Caterers of Nigeria, Edo chapter urged the Federal Government to implement policies that would promote local production of raw materials used for baking bread.
Agbonze also urged the government to address the high cost of producing goods and services in the country.
“We are not breaking even, we are hoping that everything will get better, but the costs of raw materials are escalating every day.
“We have retrenched many of our workers and now seeking for alternative sources of livelihood for us to survive.
“The last time we increased the price of bread, a bag of flour was N17,000, but it has gone up to N27,000.
“A bag of sugar that was sold for N18,000 has gone up to N29,000, while the quantity of butter we were buying for N14,000 now goes for N20,000.
“The government should do something. There is poor power supply, diesel is very expensive and importers of wheat flour don’t have access to forex,’’ he said.
A petty trader, Mrs Stella Osazuwa, said that she had stopped selling bread due to poor sales.
“I used to sell between 15 and 20 loaves of bread in two days that was when the price of a small loaf of bread was being sold for between N100 and N120.
“Now sales began to drop when the price went up to N150, I find it difficult to sell five loaves of bread in two days.
“Bread is perishable and nobody wants to buy a loaf that has gone bad, so, I had to stop sales to prevent wastage.’’
Mrs Obehi Osazee, a mother of four, said that the incessant hike in the price of the commodity had made her to look for a substitute for her family.
“There is no perfect substitute for bread, but I can’t continue to buy bread the way the price is increasing every day.
“Before now, I used to buy bread every day for my children, but I reduced that to twice a week, imagine spending about N5,000 for bread a week, as against N3,000 I used to spend.’’
