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

Published May 12, 2021

Tridge summary

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.

Original content

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 cost of the product. The strong rise that some products such as butter or flour have presented, they say, is making the business unsustainable. The kilo of vegetable shortening that cost $ 1.25, is currently at $ 1.72 and they hope that it can continue to rise in the coming ...
Source: Expreso
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.