New Price Of Bread Pumps Up Cost Of Living In Samoa

Written by Astrid Sesega
Friday, 22 February 2008
The maximum price of bread will increase by 40 sene as of the 25th of February 2008. The increase was confirmed in a press statement from the Prices Board chaired by Deputy Prime Minister Misa Telefoni The news should come as some relief for local bakeries and supermarkets as they struggle with the costs that are involved in producing bread. Petrol, flour and electricity costs have increased rapidly this year causing some places to stop making breads until something is done to fix the problem. Under the Fair Trading Act 1998, Special Price Order 2008 (No.1) it states “the standard weight of a loaf of bread shall be 16 ounce or 453 grams.” It also states, “the maximum price, inclusive of VAGST, to be applied for the sale of an uncut loaf of bread at ex-bakery and at retail outlets shall be: ex-bakery - $1.20 and retail - $1.60.” Siaosi’s Mini Mart in Lotopa seized their production of bread because of the high prices however; other Bakeries and Mini Marts did not follow Siaosi Mini Mart’s decision to stop producing bread because of the increased costs of petrol, flour and electricity. Siaosi’s owner has stated in the media that they will no longer be able to supply bread to their customers unless there is Government Intervention. Newsline has spoken to a number of different stores of the past week who said they are continuing to produce bread even with the price increases. However, they all believe something needs to be done by the Government in order to help the businesses in particular the price of which they can sell their bread products need to be increased. Currently they cannot be increased by the individual stores as the price is controlled by the Government and if they do they are likely to receive a fine from the Government. “The price of bread should be raised because of the increasing costs of flour in Samoa,” said one store manager. Another store manager stated that it is getting hard to continue to bake bread however they cannot do anything about it. “We will still keep making bread.” Stores informed Newsline that Government Officials have come to their stores to conduct a cost price review in order to see what changes need to be made to help out the stores with the production of bread. News of the price increase of bread should come as music to these store owners ears as the hoped the Government would allow them to increase their prices to cover the loses they were making. Comments (0) Subscribe to this comment's feed Write comment Name Email Title Comment
Last Updated ( Saturday, 23 February 2008 )

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