Bangladesh Bakery Association Announces Price Hike from September 12
Bangladesh Bread, Biscuit and Confectionery Makers Association has announced a price hike for all bakery products starting September 12. The decision comes amid soaring production costs driven by rising prices of raw materials, edible oil, flour, sugar, and persistent gas and electricity crises.
Bakery businesses in Bangladesh are facing mounting financial pressure due to a significant surge in production costs, driven heavily by ongoing crises regarding gas and electricity supplies. In addition to these energy challenges, the prices of essential raw materials required for daily baking operations have escalated notably over the past month, severely impacting the commercial viability of the sector.
According to the latest market data, the price of both loose and packaged sugar has spiked by 10 to 15 taka per kilogram over the span of just one month. Concurrently, the prices for flour and maida have also witnessed a sharp upward trend, registering an increase of 10 to 20 taka per kilogram across the local market.
Furthermore, the broader operational landscape for local bakeries has been complicated by continuous increases in the prices of essential inputs, specifically edible oil, flour, maida, and sugar. These persistent inflationary pressures have collectively inflated the daily expenditures required to manufacture standard bakery goods across the country.
In response to these compounding economic challenges, the Bangladesh Bread, Biscuit and Confectionery Makers Association has formally declared that it will begin supplying bakery items at increased prices starting from the upcoming 12th of September. The association emphasized that maintaining the current price structure is no longer viable under the present market conditions.
Mohammad Jalal Uddin elaborated on the gravity of the situation, stating that the surging costs of raw materials have multiplied the production expenses for every single item. He noted that it is entirely impossible under these circumstances to continue producing and marketing goods at previous price levels, compelling the association to implement the adjusted rates effective September 12.
Highlighting the severe vulnerability of smaller enterprises within the industry, Mohammad Jalal Uddin issued a stark warning regarding the future of the sector. He stated that if swift support is not extended by the government, the small-scale business owners operating within this critical trade sector will face financial ruin and be left destitute.
