
Friday, 16th May 2008 - 17:41CET
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 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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Comments
Why should the Government give 30 bakers 5000 Euros each to convert their ovens to gas? This cost should be borne by the bakers since in the end it will benefit them.
I have no problem with the Government making a low interest loan, or even a no interest loan to them, but a freebie?
One day we are going to grow up to the same extent as the rest of the world and stop depending on the Government for subsidies.
Subsidies have to come from somewhere and since the Government has no income, they will have to come from increased taxes.
We should be asking ourselves why are our world leaders allowing this to happen. The price increases in fuel effect every man woman and child in the world. I doubt the ordinary mans working wage will rise. Lets face it the working man needs to be kept in his place and these increases only serve so we must serve
I did not criticise the government for the rise in bread prices, but for all the bad news which seems to be appearing just after the election - including plenty of industrial disputes, suddenly explosive cost of living (bread, fuel etc), ST situation.... to mention just a few.
Abroad things happen gradually whether there is an election or not. Here the government succeeds to hide all bad news until election is over. This is manipulation
Do you think that these people are not aware of what is going on? Why should the Maltese behave differently.
Aqlalna z-zieda man, ghax l-ekonomija soda!
The dollar is falling in value. There is no idea globally on how much oil is left (estiamtes are between 1 trillion barrells and 3 trillion barrells) which could mean we are in serious trouble in a few years or a few decades. Either way it is running out.
Everything that we use, depend on, and own is brought to us because of oil (the energy it brings us and the byproducts that are so usefull, and its ultimate transporation to the consumer). Add to the this the ignorance that is Bio-fuel, (farmers growing crops for bio-fuel rather than wheat, diminshes the world supply, therby increasing prices as demand is high, and with a growing global population...you get my drift ), and you have your explenation as to why the price of wheat and flour is going up worldwide.
The only thing the goverment can do is subsidise the increase. However it gets its money from loans, which ultimatly the tax payer pays back (at interest), meaning the loaf actually costs us more!
Wake up to the reality. Inform yourselves, before embarking on blame games that are of absolutly no consequence!
What is worrying is not only that bread is being raised in price - but it is the fact that all bad news seem to have been postponed for after teh election - starting from problems in ST, cost of living etc....
This is not a democracy. This is manipulated "quasi" demacracy.. where people are given only parts of information to elect a manipulative government.
Malta is nothing different. We all need to just work harder and become more productive, then we will earn more money and be able to afford the rising costs. What government should do is control wastage especially where this concerns public employees not giving their full days work and expecting to be paid just the same!
Why do you have to go crying to the government, as soon as times get tough? If you believe that any other administration would not have let the price of bread go up, keep dreaming!!!