Stock lasts three months amid bread price hike

The article focused on the rise in bread prices in Lebanon due to increased costs of raw materials and energy, amid ongoing shortages of wheat and flour stockpiles that currently last for about three months. The head of the Bakery Employers Union explained that the cost increases are linked to higher prices for fuel, transportation, and insurance. He also indicated that a revision of the bread price is expected to occur next week, based on production cost calculations influenced by exchange rates and raw material costs. Furthermore, he confirmed that any price increase would not be arbitrary and aims to maintain food security stability. Conversely, any decrease should be reflected in the price of the bread, warning against placing the entire burden of ongoing increases solely on bakeries.

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