Ecuador: Increase in inputs and diesel push the increase in bread

게시됨 2021년 5월 11일

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On May 24, Ecuador's President-elect, Guillermo Lasso, will be inaugurated, the same day the National Union of Bakers of Ecuador will increase the minimum bread price from 12 to 20 cents due to rising costs of fats, flour, and diesel fuel. These increases, particularly in diesel, have made the bakery business unsustainable, with some products seeing over 100% price hike this year. Bakers plan to meet with the new government and business leaders to discuss solutions, as neighborhood bakeries face the possibility of closure due to the financial strain.

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원본 콘텐츠

The day Guillermo Lasso takes office as President of the Republic, May 24, the country's bakers announce the increase in the minimum price of bread from 12 to 20 cents. Through a statement, the National Union of Bakers of Ecuador announced the action on the night of May 9. Three factors, explains the bakery sector, force an increase in the product: increase in the price of fats (butter and oil, higher cost of flour and, in some cases, the constant increase in the price of diesel, a fuel that serves to put to operate bakery ovens. "Everything has joined us, both in production costs and operating costs we have a fairly high increase," said Elizabeth Campuzano, president of the Pichincha Bakers' Union, which is part of the Union of Bakeries of Ecuador. One of the key aspects for the request for the increase is the increase in the price of diesel. "Our teams work with diesel and we have an increase of 131%," he said. In Guayaquil, bakeries also join in this intention of raising the ...

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