Latest Bread Price Increase Unjustified, Flour Price Has Not Increased- Millers

In a statement yesterday, Grain Millers Association of Zimbabwe (GMAZ) chairman, Mr Tafadzwa Musarara has said bakers’ decision to increase the price of bread from $1.10 to $2.20 is unjustified since bread flour price has not increased.

Musarara said GMAZ continues to charge bakers price on 1:1 on the US$ to Bond. He also said the bakers did not consult them on the latest price increase. Said Musarara:

Since the previous bread price increase a month ago from $1 to $1,10 per loaf, wheat bakers flour prices to bread bakers has not increased. The current wheat bakers flour prices to bakers is indexed on 1:1 on the US$ to Bond. GMAZ therefore wishes to make it categorically clear to the authorities and the consumers that it is impossible to attribute any bread prices to bakers’ flour price increase, which is the main ingredient. The latest increase of bread price came as a shock to the wheat milling industry as the millers were not notified in advance or consulted on the matter prior to publication of the hiked prices as it is the custom and norm.

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• Bread Prices To Go Up By 100 Percent Starting Tomorrow

More: Chronicle