Popular Post ukrules Posted July 11, 2019 Popular Post Share Posted July 11, 2019 (edited) The Baht has been rising in strength for some time now. This is not so good for exports but purchasers of imported goods are now able to buy them for some 40% less then some time ago. Have we seen large retail price reductions of the same imported products which have been imported and sold throughout Thailand for many years? NO! - Everything appears to be the same. I'm talking about food items, etc which are imported from Europe and other countries all the time. Things like cheeses, premium meat products. They're still the same price in the stores but we know for sure that they are being purchased for much less due to currency movements. This means that the profit margins for these companies (the largest of the large national food markets) are gauging massive increased profits and it's all due to the strength of the baht. Why is that? I know one thing for sure, if the Baht was losing value the prices of imported would rocket at the next restocking with a great deal of urgency. We're being ripped off by profiteering retailers, especially the large ones. Edited July 11, 2019 by ukrules 4 1 Link to comment Share on other sites More sharing options...
Naam Posted July 11, 2019 Share Posted July 11, 2019 3 minutes ago, ukrules said: Why is that? because it's Thailand but that happens in other countries too. 1 Link to comment Share on other sites More sharing options...
Puchaiyank Posted July 11, 2019 Share Posted July 11, 2019 If you were the owner of a food store instead of a customer, you would understand the price gouging...???? 1 Link to comment Share on other sites More sharing options...
BritManToo Posted July 12, 2019 Share Posted July 12, 2019 1 hour ago, ukrules said: We're being ripped off by profiteering retailers, especially the large ones. The rich exploit the poor, this is the way of the world. 1 Link to comment Share on other sites More sharing options...
Pib Posted July 12, 2019 Share Posted July 12, 2019 Durn!!!!...Naam beat me to the answer which is: Because TIT Link to comment Share on other sites More sharing options...
from the home of CC Posted July 12, 2019 Share Posted July 12, 2019 expats gouging expats, a national sport in Thailand.. Link to comment Share on other sites More sharing options...
HeyHeyHey Posted July 12, 2019 Share Posted July 12, 2019 (edited) Thailand is failed state, so price gouging is not just legal but encouraged. New competitors are facing heavy red tape to enter the market. As I said in other thread "They were sitting at a meeting and were like "dude, we import all the shit for 20% - 40% cheaper than 5 years ago due to the THB up so much. Guess what - nobody in the country lowers any prices lol. So we don't have to lower it as well. Let's go all in!" Edited July 12, 2019 by HeyHeyHey 1 Link to comment Share on other sites More sharing options...
ukrules Posted July 12, 2019 Author Share Posted July 12, 2019 7 hours ago, from the home of CC said: expats gouging expats, a national sport in Thailand.. I'm talking about stores like Gourmet Market and Villa, they sell a lot of imported products on a continuous basis. 1 Link to comment Share on other sites More sharing options...
from the home of CC Posted July 12, 2019 Share Posted July 12, 2019 44 minutes ago, ukrules said: I'm talking about stores like Gourmet Market and Villa, they sell a lot of imported products on a continuous basis. Villa is foreign owned as far as I can research and are quite the gougers imo, I've seen goods marked up 500 - 1000%. I'd pay for my owned shipped goods prior to making them richer. Link to comment Share on other sites More sharing options...
ratcatcher Posted July 12, 2019 Share Posted July 12, 2019 (edited) 28 minutes ago, from the home of CC said: Villa is foreign owned as far as I can research and are quite the gougers imo, I've seen goods marked up 500 - 1000%. I'd pay for my owned shipped goods prior to making them richer. Thai family owned and operated since about 1973. https://shoponline.villamarket.com/about Marmite from Australia??? I doubt that, however Vege mite be. I do agree with your comments about their astronomical prices. Edited July 12, 2019 by ratcatcher Link to comment Share on other sites More sharing options...
wilailuk Posted July 12, 2019 Share Posted July 12, 2019 Yep, been thinking the same, not that I buy many imported things, simply too expensive, but I do like the New Zealand Edam cheese in BigC. Price was stable at 189 B for a long time, and then jumped up to 209 B, some months ago. So they profit big time, TIT.. Link to comment Share on other sites More sharing options...
from the home of CC Posted July 12, 2019 Share Posted July 12, 2019 50 minutes ago, ratcatcher said: Thai family owned and operated since about 1973. https://shoponline.villamarket.com/about Marmite from Australia??? I doubt that, however Vege mite be. I do agree with your comments about their astronomical prices. You are correct, i apologize for the misinformation. 1 Link to comment Share on other sites More sharing options...
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