The head of the Union of Bakeries and Ovens Syndicates, Captain Nasser Sorour, announced in a statement, “The decision to reduce the price of a loaf of bread by five thousand Lebanese pounds came as a result of the decline in fuel prices, especially diesel, after the decline in global oil prices, which was directly reflected in the cost of production, so the official price of a loaf of bread became seventy thousand Lebanese pounds.”
He stressed, “The Federation of Oven Trade Unions is fully committed to the pricing mechanism adopted by the Ministry of Economy and Trade, which is based on objective and transparent standards, so that prices fall when cost elements decrease, and rise when they rise, in order to preserve the rights of citizens and the continuity of the sector at the same time.”
Sorour called on the government to continue working to reduce the cost of energy and fuel to the levels they were at before the significant rises witnessed in global markets, because of this direct impact on the prices of basic commodities and the cost of production in various economic sectors.
The president of the union stressed that “protecting a loaf of bread is a shared national responsibility, and that any violation related to price, weight, or quality must be faced firmly in accordance with the applicable laws, because cooperation between the state and the productive sector is the true guarantee of protecting citizens, consolidating reform, and preserving food security in Lebanon.”
