Philippine bakery industry seeks to increase bread sales prices amid rising costs

Published 2024년 1월 31일

Tridge summary

The Philippine Baking Industry Organization is proposing a price increase for two popular breads, Pinoy Pandesal and Pinoy Tasty, due to a significant rise in the cost of flour. Despite the potential price hike, the organization assures that these breads will remain cheaper than similar products. This proposal follows the Department of Trade and Industry's approval of price increases for various basic commodities, attributed to increased production costs.

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Original content

According to Philippine ABS-CBN News on January 22, due to the recent increase in the price of flour per bag from 700 pesos to 950 pesos, the Philippine Baking Industry Organization seeks to ban two "civilian breads" Pinoy Pandesal (salty bread) and Pinoy Tasty (sliced bread) ) prices increased by 0.2 and 2 pesos respectively. The Philippine Bakery Industry Organization said that the prices of the above two "civilian breads" are still cheaper than similar products, demonstrating the social responsibility of bread companies. Due to the increase in production costs, the Philippine Department of Trade and Industry has previously approved ...

Source: Foodmate