SAWT BEIRUT INTERNATIONAL

| 23 September 2021, Thursday |

Is there any adjustment for bread prices?

The Ministry of Economy and Trade issued the weekly schedule for selling prices of wheat flour and white Lebanese bread, based on the price of wheat on the global stock exchange, the dollar exchange rate, and fuel prices.

The prices were determined as follows:

– The price of a ton of wheat flour prepared for the production of Lebanese bread (class 85), at the mill, was set at 1,025,000 LBP maximum.

– The price of a ton of wheat flour “Zero”, class 65, at the mill, was set at 1,313,000 LBP maximum.

– The price of a ton of wheat flour “Extra”, class 55, at the mill, was set at 1,358,000 LBP maximum.

– The price of a ton of “Super Extra” wheat flour, class 60 and all other classes, at the mill, was set 1,478,000 LBP maximum.

The cost of transporting flour to ovens and bakeries is determined according to the following table:

The transportation cost for a distance between 1-37 km is 30,000 LBP

The transportation cost for a distance between 38-60 km is 40,000 LBP

The transportation cost for a distance between 61-85 km is 50,000 LBP

The transportation cost for a distance between 86-130 km is 65,0000 LBP

The price and weight of “white” Lebanese bread was determined based on the manufacturing, distribution and sale cost, as well as the rise of wheat price globally, and dollar exchange rate. The price was also determined based on the ministry’s study which included the ingredients required to produce high quality of Lebanese bread for the consumer.

In light of the current economic conditions, and the drop in the purchasing power, the Syndicate of Bakery Owners set the following prices:

A large pack of white bread is maximum of 2,500 LBP, with a minimum weight of 870 grams.

A medium sized pack is maximum 1,500 LBP, with a minimum weight of 385 grams.