Bakers, confectioners hurt by rising prices of raw materials

by | December 18, 2017 12:34 am



In spite of ease in the foreign exchange market, input prices for confectioneries and bread are rising, according to industry players. Bakers say that manufacturers and distributors of inputs must cut prices as naira strengthens against dollar. “When the dollar price was rising, our suppliers were increasing their prices. They blamed it on the dollar…

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