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The Association of Master Bakers and Caterers of Nigeria (AMBCN) has instructed its members to increase the price of bread, biscuits, and other items by 30 percent.
Explaining the reason for the price increase, the association of master bakers said the increase in prices of costs of production including sugar, butter, yeast, and flour as well as worsening economic situations in the country is responsible for the directive.
The association in a statement by its National President, Mansur Umar at the end of its National Executive Council (NEC) meeting in Abuja. explained that “After considering the impact of the skyrocketed prices of baking ingredients/materials, for the survival of our noble business, which is presently bleeding, the association came to the conclusion to adjust our prices by 30 percent.”
