Kiss Bread Prices Rise


Business



Loaves of Kiss bread on a shelf in a supermarket in Port of Spain. –

Kiss Baking Company, one of the leading brands of breads, cakes and pastries in Trinidad and Tobago, on Monday announced a price increase for its baked goods.

The company said this happened because commodity prices rose 30%. He also said he was experiencing increased shipping costs due to continued tensions on the supply chain around the world due to covid19.

In a statement, Kiss said that despite attempts to cut costs, the prices of several baked goods have increased.

“Although we have been able to maintain the prices of our main bread products such as sandwich breads, butter bread and hops, we are unfortunately forced to increase the prices of a few others. “

Kiss said his cereal bread which cost $ 16.75 is now $ 17. His hot dog buns that used to cost $ 10.50 have gone down to $ 11.00, and his giant hot dog buns that cost $ 14 are now $ 14.50.

Linda’s Bakery owner Peter George told Newsday that prices are holding steady so far.

However, he said the company is also experiencing raw material price hikes that could potentially see prices rise as well.

“Input costs continue to rise, so it will be inevitable to reach this position. Due to worldwide demand for raw materials and increasing shipping costs due to covid19, there is not much that can be done. “

George added that TT could be subject to even larger price increases, as the majority of food consumed by TT is imported.


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