Bread prices to rise on Monday

The price of bread will rise as from Monday by seven euro cents to 54c for the ‘large’ Maltese loaf and by four euro cents to 34c for the ‘small’ loaf, Finance Minister Tonio Fenech announced this afternoon. The price of flour on Monday will...

The price of bread will rise as from Monday by seven euro cents to 54c for the ‘large’ Maltese loaf and by four euro cents to 34c for the ‘small’ loaf, Finance Minister Tonio Fenech announced this afternoon. The price of flour on Monday will also increase by €3.8 per sack. The increases, he said, were a consequence of the steep increase in the international prices of oil and wheat.

Mr Fenech also told a press conference that a government subsidy on the price of Maltese bread will be lifted from January 1. The decision was taken in agreement with the Bakers’ Cooperative.

Mr Fenech said the government will be giving a grant of €5,000 each to up to 30 bakers to help them convert their oven to use gas instead of fuel oil since that will reduce their costs.

(See also story in The Times, below)

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