The Tripoli based Ministry of Economy reported last Wednesday (21 October) that flour prices in the market have begun to show a noticeable decline, with the price per quintal falling from 380 dinars to less than 325 dinars through direct sales from mills to bakeries—a reduction of over 55 dinars per quintal, representing a decrease of more than 14.5%.
Libya Herald toured a few bakeries in Tripoli yesterday and noted no decrease in bread prices.
The Ministry said this decline coincides with a recovery in soft wheat stocks and ongoing efforts to restore balance to the grain and flour market, which helps ensure consistent supplies and alleviates price pressures.
Sit revealed that sixteen food companies and groups have announced that they will sell flour directly to bakeries. The Ministry listed the companies – which are companies receiving Letters of Credit from the Central Bank of Libya at the official and low exchange rate.
The Ministry said it is continuing to monitor inventory levels, price trends, and distribution. This is to ensure that improved grain supplies are reflected in flour prices, thereby easing the burden on bakeries, supporting stability in the bread market, and protecting the purchasing power of citizens.
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