6086
Bread Prices  to Soar
Economy, Domestic Economy

Bread Prices to Soar

The second phase of a plan to raise bread prices nationwide will be carried out soon, Mojtaba Khosrotaj, the deputy minister of industry, mine and trade, said on Tuesday. Under the new phase, the government will allow 20 percent of bakeries, which buy unsubsidized flour in the market, to sell their bread at free prices. The official said the move will help the bakeries bake high quality bread. The government raised bread prices by more than 30 percent in Tehran this week. Khosrotaj said the rise came after some 70,000 bakeries complained about low prices and many consumers were unhappy with low quality bread. The government has now pledged to continue paying for subsidized wheat at 66,500 rials ($2.4 at the official exchange rate) per kilogram to flour factories. Khosrotaj said he hopes the new plan would increase competitiveness in the market.

Short URL : http://goo.gl/8joOgP

You can also read ...

Iran, India Reinforce Economic Ties With Chabahar Deal
The development of the strategic Chabahar Port is becoming a...
3rd Turkish Border Gate With Iran to Operate 24/7
Turkey is working to keep a third border gate with Iran open...
Iran’s Industrial Management Institute released on Sunday the...
Apple Releases New Bug Fix
Apple has released iOS 11.2.6, which includes a bug fix for...
The number of residential construction permits issued in...
MPs Weigh FATF’s Impending Decision
As the 700 delegates from 203 jurisdictions of the Financial...
About 933.18 million shares valued at $49.28 million changed hands at TSE on Feb. 19.
Tehran Stock Exchange’s main index lost 152.17 points or 0.15...

Trending

Googleplus