Dept of Internal Trade puts brake on Pepsi price rise

[webfact]

 

Daily News Thai  Caption: Price rise

 

The director of the Department of Internal Trade Wattanasak Seua-iam said that antipated price rises on Pepsi products would not come into effect from tomorrow. 

 

The makers of the brand, Suntory Pepsico Beverages (Thailand) had said they wanted to raise prices from between 1-2 baht across all their product range.

 

This was due to increasing costs of plastic, tin cans and transportation brought about by the huge increases in oil prices worldwide.

 

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But the department has put the brake on the company's moves. 

 

Wattanasak said that consumer interests were being protected and investigations were underway to ensure that consumers were not being taken advantage of.

 

Such practices can see prison terms of 7 years and fines of 140,000 baht, reported Daily News. 

 

-- © Copyright  ASEAN NOW 2022-05-31

 

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[JoePai]

Market manipulation again = crazy. Pepsi does not have a monopoly so leave it to the consumers to choose

[Will B Good]

What!!!!

 

I had to read that twice.

 

CP and the like raping the whole country, digital platform mergers likely to go ahead screwing every mobile phone and internet user.......and they are interfering in the pricing of non-essential goods, which face plenty of competition......mental.

Edited May 31, 2022 by Will B Good

[tomacht8]

LOL

Now it hits Pepsi alone? In all 7-11 shops and supermarkets, the prices for countless products are constantly being increased. This selective intervention in economic activity is totally nonsensical. Pepsi doesn't even have a monopoly. Or could it be that it is a revenge measure from the old dispute between Pepsi and est?

[Snig27]

Frankly, it needs to have a hefty rise, as does Coke. Both are poison and contribute to the obesity crisis facing Thailand at the moment. 

[SunnyinBangrak]

I am hoping something got lost in translation. There is no way on earth a government can tell a private consumer goods company what price it can charge for its discretionary products. If Pepsi want to charge a million baht per can, well up to them and good luck.

[Will B Good]

1 minute ago, Snig27 said:

Frankly, it needs to have a hefty rise, as does Coke. Both are poison and contribute to the obesity crisis facing Thailand at the moment. 

Good point,well made.

 

Something about which the Tories in UK promised to take action.......yet another broken promise.

[Gulfsailor]

1 minute ago, SunnyinBangrak said:

I am hoping something got lost in translation. There is no way on earth a government can tell a private consumer goods company what price it can charge for its discretionary products. If Pepsi want to charge a million baht per can, well up to them and good luck.

Pretty sure the government is not targeting Pepsi for their cola or other soft drink price increases, but for their bottled drinking water. 

[rbkk]

21 minutes ago, Snig27 said:

Frankly, it needs to have a hefty rise, as does Coke. Both are poison and contribute to the obesity crisis facing Thailand at the moment. 

It's ironic don't you think that the Thailand govt does collect a sugar tax from Pepsi and others. Profiting off a poisin?

Perhaps Pepsi would have more joy with "Shrinkflation?" The practice of reducing the size but maintaining the price. The average % boost to profits is around 20%. (e.g. Thai Biscuits that were 90 grams are now 72 grams/10 baht, price unchanged.)

Edited May 31, 2022 by rbkk

[Bert got kinky]

 

Words fail me, so I'll just throw in an abbreviation.

<deleted>.

 

[freedomnow]

THANK GOD.

 

I can't be without my chronic inflamation, my skin cracking with 20 teaspoons of white sugar in 1 bottle, insane blood sugar swings and

my teeth dissolving into bits of rice before my eyes.

[webfact]

Pepsi Price Hike Delayed by 1 Month

by Na-ark Rojanasuvan

 

    

BANGKOK (NNT) - Suntory Pepsico Beverage Thailand has assured that the price of Pepsi will remain unchanged for the month of June. Its planned price hike for all sizes and packages by 1-2 baht will instead commence in July.

 

Wattanasak Sur-iam, Director-General of the Department of Internal Trade (DIT), made the announcement after discussing the matter with Suntory.

 

The company previously planned to make the price hike official on June 1 to keep pace with rising production costs, citing higher fuel prices that have made plastic and transportation more expensive.

 

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Suntory nevertheless decided to postpone the price hike for another month, to officially commence on July 1.

 

Wattanasak said his agency is closely monitoring the prices of consumer products. He also stressed that all price hikes must be thoroughly reviewed in line with actual costs and must not overly burden consumers.

 

Vendors found guilty of price gouging, hoarding or refusal to sell goods can face up to 7 years in prison or a fine of up to 140,000 baht, or both.

 

Members of the public are encouraged to report unfair traders by calling the DIT’s hotline number 1569.

 

 

-- © Copyright NNT 2022-05-31

 

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[keith101]

Dont drink soft drinks so dont care how much they are .

[BritManToo]

1 hour ago, SunnyinBangrak said:

I am hoping something got lost in translation. There is no way on earth a government can tell a private consumer goods company what price it can charge for its discretionary products. If Pepsi want to charge a million baht per can, well up to them and good luck.

There are government maximum price limits on many popular food items, milk and coke being 2 of them. 

Edited May 31, 2022 by BritManToo

[connda]

They will just sell you a plastic bottle that is 60% full instead.  Pepsi is getting there quickly - less and less product, more and more empty space..  I'm sick and tired of buying a bottle with 60 to 75% product and the rest of the space filled with CO2.

I stopped buying Pepsi when they started leaving a massive amount of empty space in the bottle.  I fault them on three issues:  Shrinkflation (given you less product in the same bottle (like you won't notice); adding to the global plastic problem, and adding to the CO2 problem (all that empty space is filled with Carbon Dioxide.) Make the bottles smaller, use less plastic, use less CO2, and stop conning the public - these big international giants need to be better stewards of the planet. 
If rising plastic costs are driving up the cost - then stop leaving a large gap of empty bottle.  Make the bottles smaller, cut the amount of plastic they use, and fill them completely. 

Bottom line: I stopped buying Pepsi quite awhile ago.  And as other soft drink manufacturers follow suit, I'll stop buying their product too for the same reasons.   Currently I drink EST when I indulge in a cola..  Once they start leaving a significant gap of air in their bottles?  They'll lose my business too.  Actually, the waste of plastic and the addition of needless CO2 bothers me more than the implicit dishonesty in the Shinkflation approach.

Just fill the bottle as raise the price.  Then I'll make my buying decisions based on free market pricing between competitors. 

Edited May 31, 2022 by connda

[Liverpool Lou]

1 hour ago, SunnyinBangrak said:

I am hoping something got lost in translation. There is no way on earth a government can tell a private consumer goods company what price it can charge for its discretionary products. If Pepsi want to charge a million baht per can, well up to them and good luck.

Unfortunately, you're wrong in this context.

[connda]

1 hour ago, webfact said:

This was due to increasing costs of plastic, tin cans and transportation brought about by the huge increases in oil prices worldwide.

Make smaller bottles.  <head slap> "Dohhhh!"

[Liverpool Lou]

8 minutes ago, connda said:

They will just sell you a plastic bottle that is 60% full instead.  Pepsi is getting their quickly.  I'm sick and tired of buying a bottle with 60 to 75% CO2.

It's a shame that they don't have to indicate the volume of the contents on the bottle, isn't it?

[BritManToo]

57 minutes ago, connda said:

I stopped buying Pepsi when they started leaving a massive amount of empty space in the bottle.  I fault them on three issues:  Shrinkflation (given you less product in the same bottle (like you won't notice); adding to the global plastic problem, and adding to the CO2 problem (all that empty space is filled with Carbon Dioxide.) Make the bottles smaller, use less plastic, use less CO2, and stop conning the public - these big international giants need to be better stewards of the planet. 

I'm happy paying 33bht for 1.95l of Pepsi (BigC).

Cheaper than water.

[Xonax]

I thought that Pepsi were on the way out of Thailand. I haven't been able to find canned Pepsi Max in any large supermarket in Bangkok for several weeks.

[RichardColeman]

2 hours ago, Snig27 said:

Both are poison and contribute to the obesity crisis facing Thailand at the moment. 

Never seen anyone get obese just drinking diet coke - unless they down it with chips, burgers, pizza and fried chicken etc.

[BritManToo]

2 hours ago, Snig27 said:

Frankly, it needs to have a hefty rise, as does Coke. Both are poison and contribute to the obesity crisis facing Thailand at the moment. 

Eat less, exercise more ........ then you can drink whatever you like.

[chalawaan]

Because sugary drinks are so good for people! 

Brown envelopes with the Pepsi logo involved in this brainwave, no doubt. 

[Andycoops]

What a total lot of codswallop.

How about capping healthy foods instead, pepsi etc full of sugar only contributes to the soaring cases of diabetes here.

Usual cart before the horse stuff from the numpties.

[mikeymike100]

3 hours ago, Snig27 said:

Frankly, it needs to have a hefty rise, as does Coke. Both are poison and contribute to the obesity crisis facing Thailand at the moment. 

Agree with you that both Coke and Pepsi contribute to obesity, but calling it "poison" might be taking things  a bit too far.

[spidermike007]

Wow. Saying no to a giant corporation. This is good. American corporations are currently engaging in historic price gouging. They are all claiming it is about supply chains, shipping issues, and labor shortages. Yet many of these filthy companies are showing record profits. 

 

There are certain entities and people who have shown their ugliest nature during covid, and have been greedy and opportunistic. Say no with your feet. Show them the consumer has some power too. They are absolute pigs. 

Edited May 31, 2022 by spidermike007

[hotchilli]

4 hours ago, webfact said:

Wattanasak said that consumer interests were being protected and investigations were underway to ensure that consumers were not being taken advantage of.

Must keep sugar laden products affordable after-all.

[scorecard]

3 hours ago, SunnyinBangrak said:

I am hoping something got lost in translation. There is no way on earth a government can tell a private consumer goods company what price it can charge for its discretionary products. If Pepsi want to charge a million baht per can, well up to them and good luck.

You're entitled to your opinion.

 

However note that in some other countries the populace strongly support/expect the government to control prices/decide maximum prices on some product categories.

 

Bottom line; up to everybody to have a personal preference on what role government should play.

 

Personally I prefer an appraoch where the populace strongly support/expect the government to control prices/decide maximum prices. 

 

 

Edited May 31, 2022 by scorecard

[ThaiFelix]

4 hours ago, Snig27 said:

Frankly, it needs to have a hefty rise, as does Coke. Both are poison and contribute to the obesity crisis facing Thailand at the moment. 

Agreed.....couldnt care less how much pepsi costs, rather buy a kilo of sugar and some paint remover.......aweful stuff!

[vandeventer]

4 hours ago, Snig27 said:

Frankly, it needs to have a hefty rise, as does Coke. Both are poison and contribute to the obesity crisis facing Thailand at the moment. 

Yes they eat your guts out, so do the rest of them why pick on just Pepsi?. Maybe because the prices are already too high on the rest. So with all this extra money why don't you give the Thai Pensioner's a cost of living increase on their pensions to make their life a little better.