Reacting to price increase in baking ingredients, Bakers are set to increase the prices of bread.

The Premium Breadmakers Association of Nigeria and the Association of Master Bakers and Caterers of Nigeria said this  at a press conference in Lagos.

The President, PBAN, Tosan Jemide, complained that businesses had not been running smoothly due to the incessant increase in the prices of baking ingredients.

He noted that in the last six months, the prices of flour, sugar and other baking ingredients have skyrocketed without a corresponding increase in the prices of bread by member bakeries.

Jemide said, “We have been busy helping them remain profitable while our businesses suffer, because we are more in tune with the purchasing power of the consumer and are deeply concerned about food security.

Jemide appealed to government to intervene in the rising cost by prevailing on sellers and imploring millers to put a stop to the incessant increment of the prices of commodities.

He also called on the President, Muhammadu Buhari, to help the industry by reining in on the millers or supporting them in whatever way they could to help the manufacturers and distributors with forex.