BAKERS’ groups yesterday said they will cut
bread prices next week as prices of flour in the local and
international market have started going down.
Lucito Chavez, vice president of the
Philippine Federation of Bakers Association Inc., said their
group would slash by 50 centavos the price of loaf breads and
25 centavos in the price of "pan de sal."
"Ang presyo ng pan de sal ay bababa ng 25
centavos per 10 pieces. But we will retain the price of a P2
pan de sal. Instead, we will just add another 2 to 3 grams to
our current 25 to 30 grams pan de sal," Chavez said.
The group of community bakers, Philippine
Federation of Bakers Association Inc., the association of
large bakeries, Philippine Baking Industry Group (PhilBaking)
and the Filipino-Chinese Bakeries Association Inc. all agreed
to slash the prices of bread products, Chavez said.
The price of a 25-kilogram bag of hard
flour went down from P957 to P940.
Earlier, flour millers assured consumers
that there would be no increases in the price of the commodity
until the end of the year.
Flour millers said the recent drop in flour
prices was due to decreasing prices of wheat grains in the
global market.
They added that fierce competition among
flour millers for a larger share of the market during the
holiday season is pulling down prices.
Consumption of flour historically goes up
during November and December, when demand for bread products
for holiday festivities goes up.
Supermarket prices will have to wait until Wednesday since
most of the big players still have to reprogram the prices in
their computers. -- Ashzel Hachero
