SAWT BEIRUT INTERNATIONAL

| 1 August 2021, Sunday |

Ministry of Economy and Trade sets new bread price

The Ministry of Economy and Trade issued the weekly table for the selling price of wheat flour, according to which it determined the price and weight of Lebanese “white” bread, in bakeries and stores, given the fact that the Banque du Liban lifted subsidies on sugar in the Lebanese markets, and in conformity with the Ministry of Finance’s decision No. 1291. 1/1 dated 01/12/2011, which stipulates “determining the rates to be applied to total imports to extract the lump-sum net profit,” which included 15% of the profits set for bakeries, bread and pastry products. In accordance with a review of production, distribution, and sale costs, as well as a study conducted by the Ministry of Economy and Trade, given the price of wheat on the international stock exchange, the dollar exchange rate, and the price of fuels, the price and weight of “white” Lebanese bread were calculated to determine the quantity of ingredients required to produce the best quality of Lebanese bread for the consumer as follows:

From the bakery to the consumer: a huge bundle weighing not less than 910 grams, for a maximum price of 3000 LBP.

At a cost of 2000 LBP, a medium-sized bundle with a weight of not less than 395 grams is available, maximum.

From the store to the consumer: A large size bundle with a weight of not less than 910 grams, priced at 3250 LBP, maximum.

A medium-sized bundle weighing at least 395 grams at a maximum price of 2250 L.L.