The Kiss Baking Company Limited has said that it is reviewing all its costs at this time in light of the increase in flour prices.
The company said in a statement that it is "committed to doing everything practical to minimize the unavoidable impact that the increase in the price of flour will have on our prices and, by extension, on our customers."
National Flour Mills announced a 33 per cent increase in the price of flour effective today.
The prices of some Kiss bread rose in January by 50 cents to $1.50. Consumers were then asked to pay $15 for a Kiss wholewheat sandwich loaf, up from $13.75 – an increase of $1.25.
White milk bread rose to $14, also increasing by $1.25 from $12.75.
Whole grain went up $1.50 from $15.50 to $17.
Kiss implemented the changes on January 10, after the decisions by major suppliers, state-owned National Flour Mills (NFM) and Nutrimix to raise flour prices back then.
In a statement in December, Kiss Baking Co Ltd had said it would increase retail prices on some bread products by an average of nine per cent, noting, “Flour represents a core ingredient in the manufacturing of bread.
About four months ago, in September the company raised some bread prices, citing a 30 per cent increase in raw materials and increases in other operational expenses.
The announcement by Kiss Baking Company Ltd.
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