Price of bread under review
|
|
|
Contact: Claudia Monlouis
Monday, July 7, 2008 – The price of bread is now officially on the table for governmental consideration. The Government Information Service recently confirmed that key players of that sector have formally requested the review of this commodity in terms of the sale price.
Director of Consumer Affairs Mr. Phillip McClauren says the matter, which has been on the front burner for consumers and bakers alike, are now under consideration.
“We have in fact received a request from the bakers to adjust the price of two controlled bread items and this is being reviewed as we speak because the cost is increasing to us and to the bakers as well, so we are reviewing that,” he said.
Mr. McClauren said at the end of the exercise a definitive pronouncement will made on whether a price increase will be administered. While bakers clamour for the increase of the two controlled bread items, they have already gone ahead to increase uncontrolled bread items.
Meantime, other government agencies, along with the Ministry of Trade, Investment and Consumer Affairs and the Ministry of Finance, are expected to convene a meeting in order to discuss the implications of the sizeable subsidy made by government to cushion food increases.
McLauren says there are serious implications for government revenue if further subsidy is required to avoid an increase in controlled bread items. |
|
© 2008 Government Information Service. All rights reserved. Read our privacy guidelines. |
