Wednesday, December 08, 2021

NEWS

Bread shortage causes despair in Lebanon

Bread shortage causes despair in Lebanon

Beirut, Aug 13 (Prensa Latina) Crowds of Lebanese flocked to bakeries today, desperate to get that key food in this country.
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Many of the shops closed because they lack means to put up with the price of necessary fuel and stay in operation.

Those still open rationed production so that the subsidized flour provided by the State lasts longer, as a result there is a shorter offer.

Lebanon faces a fuel crisis that reaches even the state electricity company, Electricite du Liban, which only offers one hour service a day.

Authorities accuse hydrocarbon distributors of accumulating them and then selling them at a higher price on the black market or smuggling it into Syria.

The head of the Bakery Owners Union, Ali Ibrahim, stated that these businesses lack the means to obtain fuel oil.

‘They give them a two-day ration, Ibrahim said, although they should get enough for a month’.

The avalanche towards bakeries came after the central bank announced last Wednesday the lifting of the fuel subsidy, as hard foreign currency reserves were untouchable.

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