High flour prices in Libya threaten bakeries with closure

TripoliThe Supreme Committee for Monitoring Bakeries, affiliated with the Bakers Syndicate in Libya, warned of the worsening crisis in the bakery sector, after the price of a quintal of flour rose to275 dinarsIn light of the increase in production costs resulting from the electricity crisis and reliance on generators, which threatens the closure of a number of bakeries if the current conditions continue.

The head of the Supreme Committee for Bakeries Monitoring explained,Ali BouazzaRequiring mills and bakeries to operate electrical generators instead of relying on the public network led to a number of mills stopping grinding, which caused a decline in the quantities of flour supplied and a significant increase in its prices.

Bouazza pointed out that the price of a quintal of flour rose from190 dinarsLast January to275 dinarsCurrently, in conjunction with increasing difficulties in providing the fuel needed to operate generators, which forces mill and bakery owners to resort to the parallel market at high prices, doubling operating costs.

He added that the increase was not limited to flour, but rather included various requirements for bread production, including yeast, oils, salt, sugar, cleaning materials, spare parts and bags, as well as an increase in rental costs, at a time when the price of a loaf of bread remains stable at0.33 dinars.

The head of the committee confirmed that continuing to sell bread at the current price no longer covers production costs, warning that many bakeries are now threatened with closure if urgent measures are not taken to alleviate the burdens burdening the sector.

Source:“My press”

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