tayyar.org - Rising bread prices warning

The President of the Union of Bread and Bakery Syndicates in Lebanon, Nasser Sirour, forecasted a significant increase in bread prices due to the rapid rise in fuel, wheat, and flour costs, especially with the surge in raw material prices and exchange rates. The official platform used to set the weekly bread price was based last week on a diesel price of $1,430 per ton, which later increased to $1,500, without accounting for additional rises in wheat and flour prices. He confirmed that production costs are increasing at a crazy pace and stated that the only solution to ensure the stability of bread prices is direct government support. However, this is complicated given the current financial conditions. He emphasized that ongoing wars, energy price volatility, and grain transportation disruptions further heighten the likelihood of prices rising, calling for urgent action to maintain bread prices at a level that people can afford, so they do not become unaffordable.

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