Monday, December 11, 2023

Some bakeries speculate on the price of ham bread

The union member commented that some bakers were speculating on the price of different types of bread, and the federation filed a complaint.

The president of the National Federation of Flour Industry Workers (Fetraharina), Juan Crespo, pointed out that although the price of US$28 to 30 for ham bread is estimated to attract consumers, he predicted that “the speculation around “this important Christmas product would be a disaster.”

He pointed out that some bakers are speculating on the price of different types of bread and emphasized that the federation has criticized it. “The organic law gives us the power to call the authorities and report that they are speculating,” he said.

He regretted that the sector is going through a difficult time because of the first pandemic, the currency change, and, above all, “unfair competition due to the entry of many imported products.”

Likewise, he emphasized that the sector is affected by unemployment, low wages, and limited purchasing power, “and unfortunately, collective agreements cannot be discussed.”

“What we are left with is to look at the situation regularly and critically,” he emphasized in an interview for Unión Radio.

In that sense, as a representative of all products that come from wheat, he repeated the difficulty of the moment.

He pointed out that it is “absurd” that a tap is sold at Bs 20 because “if the price (of inputs) goes down, the price of the finished product should go down, and that is one of the things we want to emphasize: that this is not reasonable.” “These types of actions are because we know what ingredients are used to make bread, and we don’t understand how some bakery owners take advantage of these conditions.”

World Nation News Desk
World Nation News Desk
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