Kennedy Senelwa
6 November 2008
Nairobi — It will now cost you more to buy a loaf of bread. Its price has risen by an average of Sh2 per loaf as bakers pass on the increased cost of raw materials and distribution to consumers.
Mini Bakers (NRB) Ltd said the retail price of bread has been adjusted upwards in Nairobi as a result of the increased cost of cooking fat with other raw materials and transport due to high price of fuel products.
"Due to the escalating cost of raw materials and distribution, retail prices have been reviewed upwards with effect from November 1, 2008," said Mini Bakers in circular issued to wholesalers and retailers.
The company said the recommended wholesale price of 200 grams mini-loaf sliced and un-sliced bread is Sh17.50 and retail cost is Sh20 in Nairobi.
The company said 400 grams of both sliced and un-sliced bread will be Sh32.50 at wholesale level and Sh35 as retail price.
The 600 grams white and brown bread now goes for Sh48 at the wholesale level while the retail cost is Sh51 under the new price structure.
The 800 grams white and brown bread is selling for Sh65 at the wholesale level and Sh68 retail.
The 1.5 kilogramme loaf has reached Sh121 at wholesale and Sh126 in retail outlets in Nairobi.
The increment comes at a time when international wheat prices have hit record highs in the last three months.
The Food and Agriculture Organisation said wheat prices have risen sharply since June because of tightening global supplies, low levels of stocks and sustained demand.
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