We pass the belt, we will be strangled
New The first austerity step in economic management hit cheap bread. The Turkish Grain Board (TMO) ended support for cheap flour, which was applied so that the poor could eat bread, just after the elections. Halil İbrahim Balcı, President of the Turkish Federation of Bakers, stated that the price of a 50-kilogram bag of bread flour increased from 350 lira to 500-550 lira with the removal of support. Balcı said that in addition to flour prices, the cost of bread will increase with the increase in the minimum wage in July, and that the chambers will make an official request for the rise in bread in the coming days.
ataman mine
THE RENT IS 3 LIRA
The founder of the seed platform Mine Ataman announced that if the support is not continued, 200 grams of bread sold at 5 lira may increase to 8 lira. At the end of 2021, due to the excessive rise of the dollar, the tripling of fuel prices, the increase in natural gas and electricity prices and the spike in wheat prices, there was an extraordinary increase in the pressure of the bread, and support for cheap flour. it began to be provided to bakers through the Treasury to make bread cheaper. Thanks to this support, TMO delivered 7.5 lira and 1 kilo of wheat to the flour mills at 4.5 lira. Factories sold 1 sack of flour worth 500-550 lire to bakeries for 325-360 lira. Thus, it was possible to keep bread prices around 5 lire with the support of the State.
DONE MAY 31
However, support for cheap flour ended as of May 31, right after the election. The leadership of the new economy has not taken any steps so far to continue the support which places a significant burden on the Treasury. Federation President Balcı said, “We don’t know if there will be support for flour again or not. According to the decision of the direction of the new economy, we will be able to look ahead in the price of bread”.
According to the uncular, no magnification is required
Bakery While expecting a 50-60% increase in bread, Turkish Flour Industrialists Federation (TUSAF) President Haluk Tezcan argued that the cost of flour in a 5-lira bread will not exceed 2 lira and therefore cutting support will not cause a large increase in bread. Noting that the price of flour, which they sold for 325 liras, increased to 480 liras on average after the support was removed, Tezcan said that labor, transportation, rent and energy costs affect the production of bread than flour, and that there may not be a high rise in bread due to flour.