Bakery Syndicate Cautions on Rising Costs
Bakery shops in Libya are facing a severe crisis due to a shortage of fuel and rising flour prices. The price of a hundredweight of flour has increased from 190 dinars in January to 275 dinars currently, coupled with a decline in available quantities in the markets. Relying on generators instead of the main power grid due to fuel shortages has led some mills to cease grinding, resulting in a shortage of flour. Additionally, production costs have risen significantly, including raw materials and auxiliary materials, while the price of a loaf of bread remains stable at 0.33 dinars, despite no longer being economically viable for bakery owners. The current circumstances threaten the closure of some bakeries if solutions are not implemented to ensure continuous production and market stability.
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