Bread prices to go up, Salceda warns

By Reina C. Tolentino

Mar 13, 2022 9:51 pm

Albay 2nd District Rep. Joey Salceda warned that the price of the average 'Pinoy Tasty' loaf bread may increase by P2.30.

'The oil price impact on the price of loaf at around 110 USD per barrel of crude is around P0.40 while wheat has increased 100 dollars per ton since Russia's incursion into Ukraine. I expect a transmission of around P1.9 per loaf over the coming weeks once milled wheat stocks begin to diminish and we start milling imports at higher prices,' Salceda said in a statement issued on Sunday.

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