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PostPosted: Tue Aug 23, 2011 4:19 am 
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Association Of Bakeries Demanded Price Increase



August 23rd 2011, Aruba.



ORANJESTAD-The government of Aruba will not adjust the price for a loaf of white bread this year.
The Association for Bakeries sent a petition to the government on March 21st demanding a
US$0.10 increase in the price for a loaf of white bread. The Minister of Economic Affairs, Michelle
Hooyboer Winklaar has informed the association of the decision made by the government. By law,
the government of Aruba regulates the price for a loaf of white bread, as it is a basic consumer
product on the island. The price of a loaf of white bread will remain at US$1.75.

The government recognizes that the ingredients for making white bread have increased on the
global market in the last months. However, the prices for the ingredients at present have not
surpassed the record prices of July 2008, the last month in which the price for a loaf of white bread
was adjusted on the island. The government will continue to monitor the ingredient prices the
following months, and will decide if price adjustment is necessary in the beginning of the following
year. The Minister of Economic Affairs has invited the Association for Bakeries for another meeting
in the latter part of this year.


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