Thai Rice Producers Affirm No Price Increases for Packaged Rice

[webfact]

 

by Krajangwit Johjit

    

BANGKOK (NNT) - The Thai Rice Packers Association has dismissed reports of price increases of up to 30 baht per 5-kilogram package for packaged rice.

 

The association’s honorary president, Somkiat Makcayathorn, stated that there would be no price increase despite a recent increase in transportation, packaging, and raw materials costs.

 

Somkiat, who is also the chief executive officer of a major producer of packaged rice, Patum Rice Mill and Granary Plc, explained that rice packers would only reduce the offered discount, resulting in higher retail prices that would still be lower than the suggested prices printed on the packaging.

 

In addition, he stated that rice packers would discontinue sale promotion strategies such as "buy one, get one free" offers, large discounts, and suggested retail prices.

 

According to Somkiat, the producers of packaged rice are competing with others by maintaining low prices, and this situation will persist throughout the second half of the year. He went on to say that rice packers have chosen to absorb the higher costs and business losses as market competition has intensified.

 

Meanwhile, rice mill operators have reported that rice supply is increasing as more off-season rice harvests flood the market, citing the recent decrease in rice paddy price from 9,600 to 9,900 baht per ton to 9,000 to 9,200 baht.

 

-- © Copyright NNT 2022-06-24

 

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[worgeordie]

8 minutes ago, webfact said:

such as "buy one, get one free" offers,

Never seen that before on rice, for been a top rice producer

the price of rice is high here ,at the retail level , for farmers

not so much, with big increases in fertilizer prices the farmers

will be taking a hit.

regards worgeordie

[worgeordie]

16 minutes ago, webfact said:

The association’s honorary president, Somkiat Makcayathorn, stated that there would be no price increase despite a recent increase in transportation, packaging, and raw materials costs

Then says ....

"that rice packers would only reduce the offered discount, resulting in higher retail prices that would still be lower than the suggested prices printed on the packaging."

 

So the price is going up...

regards Worgeordie

[zzaa09]

Perhaps a revolution in the marketplace would be in order.....

????

[hotchilli]

18 hours ago, webfact said:

The association’s honorary president, Somkiat Makcayathorn, stated that there would be no price increase

 

18 hours ago, webfact said:

explained that rice packers would only reduce the offered discount, resulting in higher retail prices

????

[stoner]

a few other countries produce higher quality cheaper product. thailand you done son.