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PIA Press Release
2010/02/18

Bicolanos notice increase in bread prices

by AGB Latigay

Legazpi City (18 February) -- Increase in prices of bread has been noted recently here, with authorities passing on the blame to the upward trend of sugar prices in the market.

The price of loaf bread has increased by P2.00, with the big size from P27 to P29 and the small one costing P14 from P12.

Pan de sal (salt bread) was then sold 6 pieces for only P5, but now it is sold P1 per piece.

"Sugar is very expensive. If we are not going to increase the prices of our products, we will not only suffer from huge losses but it could also result to the closure of our business," said a bake shop owner in Legazpi City Public Market who asked not be named.

"If sugar and other ingredients will have price rollbacks, we will follow suit," he added.

The prices of sugar in the public market range from P52-P56 per kilo for refined sugar, P50-P52 for washed and P45-46 for brown variety.

Catherine Subido, statistician from the Bureau of Agricultural Statistics (BAS) here assured the public that the sugar price hike will not last long.

"At the end of January, we are already progressing. As the harvest progresses we will have an increase in the supply of sugar. As soon as this happens, there would be price rollbacks," she explained. (BUCAL/PIA) [top]

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