The produce said their cost of production has risen following the withdrawal of fuel subsidy and the liberalization of the foreign exchange market by the federal government.
He noted that most of the baking ingredients are import dependent, adding that the floating of forex has led to increase in the cost of clearing of the ingredients. "The flour millers even wanted to use the forex floating as an alibi to increase the price of wheat flour; if they do that the price of bread would go up significantly because we would pass on the cost. With any increase in the price of bread now, there will certainly be more drops in sales and more bakeries will certainly close shop".
"The impact on my members was spontaneous because our workers were not able to afford the transport fare that spiked astronomically thereby impeding production due to unavailability of workers.
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