INQUIRER.net: Tariff on flour imports to raise bread prices

INQUIRER.net Philippine News for Filipinos

Tariff on flour imports to raise bread prices Jul 20th 2013, 00:46 MANILA, Philippines—Consumers should brace themselves for a possible increase in bread prices this September, as importers of Turkish flour will no longer be able to supply bakers with the low-priced flour.   The price of the Pinoy Tasty is expected to go up by about P3 to P4 per loaf from its current price of P37, while the cost of a 10-piece pack Pinoy Pandesal may increase by up to P2, according to the Filipino-Chinese Bakery Association Inc. (FCBAI) and the Philippine Baking Industry Group (Philbaking).   In their joint statement, the groups noted that the inability of importers to supply Turkish flour is "a big concern to the bakers because this means t... Keep on reading: Tariff on flour imports to raise bread prices Media files: pandesal-bakery.jpg (image/jpeg)

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