Bread, tea prices up ahead of budget
http://www.dawn.com/2008/06/05/ebr5.htm [2008-6-27]
Tag : tea packer
KARACHI, June 4: In a pre-budget price hike shock to the consumers,the bread makers and a leading tea packer have raised pricesunilaterally.
Some bread makers have sent a note to the retailers that the pricesare being increased by Rs1- Rs4 depending on the weight of thebread and other related items. The new price is proposed to beeffective from June 7, 2008.
A number of bread manufacturers, who are also flour millers, hadincreased the rates of bread from Re1 to Rs4 in the middle ofDecember 2007.
Tapal Tea Private Limited (TTPL) has announced the new rates whichbecame effective from June 1. Danedar 100 grams, 200 grams, 400grams and 500 grams will now cost Rs37, Rs73, Rs144 and Rs345,respectively, as compared to Rs32, Rs63, Rs124 and Rs289 earlier.
The Tapal mixture 100 grams, 200 grams, 500 grams and 1,000 gramsare now available at Rs35, Rs68, Rs160 and Rs310 as compared toRs30, Rs59, Rs137 and Rs265, respectively. Once the price isincreased by a company, the others follow suit.
Leading packers had increased the rate in February by Rs20-25 perkg owing to rising prices of tea in Kenya, low crop output andheavy buying by the European countries.
The government should check the pre-budget price hike wave by themanufacturers, general secretary Karachi Retail Grocers Group(KRGG), Farid Qureishi said.
General manager Tea and Blend, TTPL, Mohsin M. Saifi, said that thecompany had increased the price by Rs30-40 per kg. He linked theprice hike of tea to devaluation of Pak rupee against the dollarcoupled with imposition of 35 per cent LC margin on imports.
He said that the price of Kenyan tea has still not come since itwent up in February this year to $2.9-3 per kg from $1.9-2 per kg.
Former chairman of Pakistan Flour Mills Association (PFMA) ShaikhAkhtar Hussain cited similar reasons prevailing during lastDecember for the price hike like increase in the rate of rawmaterial (wheat), utility bills and the distribution cost.
He said that the prices of bakery items had surged by at least 25per cent since December 2007 but only six per cent impact had beenpassed on to the consumers by the bread makers.
In case the situation remains the same the bread makers willfurther increase the rate by six per cent in August this year, headded.
Mr. Akhtar hinted that the wheat price, which hovers betweenRs2,150-2,200 currently, may come down after the free wheatmovement is allowed between the provinces.
He, however, said that so far the notification for free wheatmovement had not been issued.
KARACHI, June 4: In a pre-budget price hike shock to the consumers,the bread makers and a leading tea packer have raised pricesunilaterally.
Some bread makers have sent a note to the retailers that the pricesare being increased by Rs1- Rs4 depending on the weight of thebread and other related items. The new price is proposed to beeffective from June 7, 2008.
A number of bread manufacturers, who are also flour millers, hadincreased the rates of bread from Re1 to Rs4 in the middle ofDecember 2007.
Tapal Tea Private Limited (TTPL) has announced the new rates whichbecame effective from June 1. Danedar 100 grams, 200 grams, 400grams and 500 grams will now cost Rs37, Rs73, Rs144 and Rs345,respectively, as compared to Rs32, Rs63, Rs124 and Rs289 earlier.
The Tapal mixture 100 grams, 200 grams, 500 grams and 1,000 gramsare now available at Rs35, Rs68, Rs160 and Rs310 as compared toRs30, Rs59, Rs137 and Rs265, respectively. Once the price isincreased by a company, the others follow suit.
Leading packers had increased the rate in February by Rs20-25 perkg owing to rising prices of tea in Kenya, low crop output andheavy buying by the European countries.
The government should check the pre-budget price hike wave by themanufacturers, general secretary Karachi Retail Grocers Group(KRGG), Farid Qureishi said.
General manager Tea and Blend, TTPL, Mohsin M. Saifi, said that thecompany had increased the price by Rs30-40 per kg. He linked theprice hike of tea to devaluation of Pak rupee against the dollarcoupled with imposition of 35 per cent LC margin on imports.
He said that the price of Kenyan tea has still not come since itwent up in February this year to $2.9-3 per kg from $1.9-2 per kg.
Former chairman of Pakistan Flour Mills Association (PFMA) ShaikhAkhtar Hussain cited similar reasons prevailing during lastDecember for the price hike like increase in the rate of rawmaterial (wheat), utility bills and the distribution cost.
He said that the prices of bakery items had surged by at least 25per cent since December 2007 but only six per cent impact had beenpassed on to the consumers by the bread makers.
In case the situation remains the same the bread makers willfurther increase the rate by six per cent in August this year, headded.
Mr. Akhtar hinted that the wheat price, which hovers betweenRs2,150-2,200 currently, may come down after the free wheatmovement is allowed between the provinces.
He, however, said that so far the notification for free wheatmovement had not been issued.
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