Participants in Union Meeting Agree on 3 Loafs for 1 Dinar Formula.
Pulbished on:
Tripoli, 18 January 2021(Lana) Participants in the joint union
meeting held at the Chamber of Commerce and Industry in Tripoli on
Monday have agreed on determining bread prices at one dinar for three
loafs formula, to be valid until an agreement has been reached with
the competent authorities on setting a price for one kantar '100
kilos' of flour.
The meeting, which brought together Chairman of the Chamber of
Commerce and Industry Mohamed Gaddah, Head of General Syndicate of
Bakeries Mohamed Abu Khais and Member of General Union of
Professional Syndicates Lutfi Hdeida, has reached an agreement by
virtue of which the crisis committee of the Chamber of Commerce
liaise with the concerning bodies, to settle the issue so that
bakeries can resume their activities by selling bread 3 loafs for one
dinar until bread material and other needs can be provided by prices
applicable before the beginning of the crisis.
The Chairman of the Board of the Chamber of Commerce and Industry
dismissed media reports that closure of bakeries was the result of
incitement by the syndicates, stressing that full coordination was in
place between all those involved with the bread issue; including the
Ministry of Economy, the Ministry of Finance, the Central Bank of
Libya, and the General Syndicate of Bakeries, to find a solution to
the rising bread prices.
On his part, the Head of the General Syndicate of Bakeries said
the syndicate has called, since the outset of the flour crisis, on
bakers in the Municipalities to continue to work with the loaf prices
formula set by the Ministry of Economy in the last months pending a
decision to set the exchange rate which will inevitably affect prices
in general.
Abu Khrais noted, in a statement to Lana following the meeting
that 'for years the flour prices have been ranging between LD 130-150
for a kantar '100 kilos' of flour, both at the Flour Mill Company, or
on the black market, and that the sudden bread price hikes were
caused by an increase of flour prices to DL 210 a kantar '100 kilos.'
=Lana=