Tuesday, January 24, 2012

Bread prices up as of January 1

PHILIPSBURG--Carl and Son's Bakery Managing Director Carl Housen said on Tuesday that the price of bread would increase as of January 1, 2012, to match regional prices and to offset the rising cost of ingredients, transport, fuel, utilities and other components with which the bakery has to contend.

Housen explained that two prices now would be offered for bread: a wholesale price and a retail price (what the consumer pays). White sliced bread will increase from NAf. 2 retail to NAf. 2.50, with a NAf. 2.25 price per loaf for wholesale. Sliced wheat bread will increase from NAf. 2.50 retail to NAf. 3.25, with NAf. 2.70 for wholesale.

Lard bread and butter bread will increase from NAf. 1.80 to NAf. 2.25 retail, with a NAf. 2 price for wholesale. French bread now will cost NAf. 2.70 retail and NAf. 2.23 wholesale.

Citing thousands of dollars in losses, Housen explained that he no longer could wait for official government indication to increase the price of bread. The move is similar to what bakeries in Cura�ao and Aruba did earlier this year when they went ahead and raised the price of bread to offset the rising cost.

Minister of Economic Affairs Franklin Meyers confirmed in July that government probably would grant an increase, though not as much as the owners of bakeries had requested. While Meyers had stated that the issue should be finalised that month, government has given no indication about an increase to date. Carl and Son's requested the increase in January 2011.

The last price adjustment was approved in 2008, after Carl and Son's stopped producing bread for a short period, seeking increases to offset the same rising cost. The 2008 price increase was the first in about 10 years.

Source: http://www.thedailyherald.com/islands/1-islands-news/23812-bread-prices-up-as-of-january-1-.html

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