The Thai Commerce Ministry will freeze prices on essential consumer goods like canned fish, instant noodles, and milk. This decision follows a cabinet meeting concerning the economic effects of the Middle East conflict. Commerce Minister Suphajee Suthumpun emphasized that manufacturers must obtain approval for price hikes on these products, aiming to control consumer costs while maintaining economic stability.
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The ministry plans to expand the price-freeze list to include palm oil, tissues, shampoo, detergent, and soap. Currently, 59 products are price-controlled, with manufacturers required to announce or seek approval for price increases. Seven additional products, such as plastic pellets and bottled water, will join this list to ensure critical supply chain components remain affordable.
Minister Suphajee stated that any price increases would be evaluated based on production costs to ensure fairness. For items outside the price-control list, the ministry is collaborating with large-scale manufacturers to offer discounts through wholesalers and retailers, easing the burden on consumers.
Additionally, the Commerce Ministry is partnering with the Ministry of Agriculture and Cooperatives to assist farmers. They plan to promote the use of organic and locally-sourced chemical fertilizers to reduce agricultural costs, aligning with broader efforts to stabilize prices and support the economy, reported Bangkok Post.
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Adapted by ASEAN Now · Bangkok Post · 25 Mar 2026