Home KENYA NEWS Kenyans to Pay More for Bread as Bakeries Announce Increased Prices

Kenyans to Pay More for Bread as Bakeries Announce Increased Prices

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Kenyans to Pay More for Bread as Bakeries Announce Increased Prices

Bakeries in Kenya have announced plans to hike the price of bread due to the rising cost of cooking oil, fuel, wheat, and packaging.

Broadway Bakery, which makes Broadways bread, said it will increase the price of its 400g loaf to Sh60 from the current cost of Sh55.

Similarly, the 600g loaf will sell at Sh90 up from the current cost of Sh83 while the price of the 800g loaf will increase from Sh100 to Sh110.

“The price of everything has gone up. We are grappling with the high cost of diesel on transport, expensive cooking oil and an increase in packaging material, which is now up by 20 percent,” Broadway Managing Director Bimal Shah said as quoted by Business Daily.

Mini Bakeries, the maker of Supa Loaf brand, said it will raise the price of the 400g bread from Sh55 to Sh60.

The move comes barely a week after manufacturers of cooking oil in the country warned of increased prices due to a looming shortage of the commodity in the wake of Indonesia’s ban on palm oil exports. Indonesia accounts for a third of the world’s palm oil exports.

Although Kenya also imports vegetable oils such as sunflower oils, soybean, corn oil, and crude palm oil from Malaysia, floods and labor shortages in the Asian country have led to a weak production over the last six months.

At the same time, Russia’s invasion of Ukraine has disrupted the global supply chain and created a scarcity of commodities such as wheat and fuel.

Russia and Ukraine supply Kenya with 66 percent of the total wheat consumed locally, and the conflict between them has created logistical challenges and export bans. Consequently, the prices of wheat have gone up by over Sh10,000 per metric tonne.
 

8 COMMENTS

  1. Ruto will use this problem…
    Ruto will use this problem for political gains and gullible Kenyans will buy it. In the mean time, Kenya tax payers are footing the bill for all his needs to the smallest want including toilet tissue.

  2. Ruto will hoodwink gullible…
    Ruto will hoodwink gullible Kenyans into believing this is an Uhuru failure. In the mean time, poor Kenyan tax payers continues to meet all his needs including toilet tissue.

  3. Hungry billionaire Kenyans…
    Hungry billionaire Kenyans must pay the revenue lost by the government for three useless holidays

  4. Whatever happened to…
    Whatever happened to commodity prices! I realize that once they rise by a cent, there is no going down. Save for rare occurences in history, like that one time back in 2000’s, when milk supply was bigger than demand to the extent that they had to hawk in the streets at give-away prices.

    • Yes, we used to grow a lot…
      Yes, we used to grow a lot of wheat especially in the narok areas until greedy Ruto at the helm of agriculture ministry started importing bales enmassed metric tonnes and ‘killed’ local farmers! Unfortunately many of these big shot farmers ventured into politics for easy stolen coffers and there lacked incentive to produce or farm anything leave alone wheat!!

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