Price of flour up 30%, bread may cost more from Jan 2008
By Hoe Yeen Nie, Channel NewsAsia | Posted: 19 October 2007 2311 hrs

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SINGAPORE : The price of flour has increased again, but this time it has gone up by thirty percent.

This is the biggest ever hike, according to industry watchers.

From January, it will cost 20 cents more to buy a loaf of bread.

Wholesalers said the price of other bread ingredients have been increasing. Some said they have no choice but to pass on some of the costs to consumers.

But local chain BreadTalk said it will hold off from raising prices for the time being.

Responding to queries, Prima Flour said the worldwide shortage of flour is due to bad weather affecting millet harvests in Canada and Australia. - CNA /ls