19 January 2013

Zambia: Price Controls: Sampa Orders Bread Price Slash

PF deputy minister for finance Miles Sampa has ordered bakers in the country to reduce the price of bread.

Sampa says the government has removed the 16 percent on bread related raw material the more reason bakers should reciprocate the gesture.

The minimum price for ordinary bread in Zambia costs K5, 000 (KR 5 rebased).

Sampa has warned that government will not hesitate to deal with bakeries that will not reduce the price of the commodity.

Zambia is experiencing a rise in prices for essential commodities with mealie meal, the country's staple food, attracting double or in some case triple cost adjustments.

President Michael Sata was recently forced to summon millers to State House to reduce the price of mealie meal for a 25 kg bag to less than K50, 000 (KR 50 rebased) although not all millers in the country have done so.

Copyright © 2013 Zambia Reports. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.