Bakers Syndicate warns to close bakeries in Tripoli unless flour prices decline

Bakers Syndicate warns to close bakeries in Tripoli unless flour prices decline

September 19, 2021 - 09:59
Posted in:
Written By: SafaAlharathy

The head of the Bakers’ Syndicate, Akhras Muhammad, said Saturday that they might turn to close bakery shops if flour prices remain high.

"The quantities of flour arriving at ports do not cover the domestic need, and mill owners likely have a hand in this to maintain the status quo, meaning that there will always be an increase in demand," he explains.

According to the Bakers’ Syndicate head, several bakeries in neighbouring cities have closed their doors due to the lack of flour and high prices, noting that they are waiting for the outcomes of the cabinet meeting and may resort to closing if the situation continues.

"Bakery owners provide bread at varying prices, each according to the costs, apart from the Ministry of Economy's decision, which set the price at 150 dinars per quintal of flour, while currently, it is sold at 220 dinars, a difference of 70 dinars," Muhammad added.

He indicated that there are only a few mills still operating. Additionally, mills in the eastern and southern regions are dilapidated, and they can not provide even 5% of the local need.