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

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 ...