Bread makers in Nigeria are contemplating another increase in the price of bread or size reduction over the rise in the cost of flour, IgbereTV reports
The price of flour has increased to N33,000 per bag in the last few weeks while the costs of other ingredients including sugar and margarine have also shot up in the market.
The bread makers had earlier increased the price of the item to the chagrin of Nigerians.
The Chairman of Lagos State Master Bakers Association, Raji Omotunde, confirmed the planned hike in bread price in a chat with IgbereTV Nigeria on Monday.
He said the bakers are looking at the reduction in the size of the bread as an alternative to another price increase.
The development followed the renewed attack by Russian forces on Ukraine and the refusal to allow its neighbour to use the Black Sea for the export of wheat.
Reuters reported over the weekend that Russia was yet to fully commit to the extension of a trade deal through the Black Sea reached by both sides in July
