Popular Post snoop1130 Posted August 15, 2022 Popular Post Share Posted August 15, 2022 BANGKOK (NNT) - Makers of instant noodles are set to request a 2-baht per packet increase for the retail price of their products tomorrow (16 August). The manufacturers argue they are no longer able to absorb losses incurred from heightened raw material prices. The makers need the commerce ministry’s approval for a price increase, as instant noodles are regulated products. In a joint press conference, manufacturers of 5 brands of instant noodles indicated they were taking losses from their operations due to heightened raw material costs. The 5 brands include Mama, Sue Sat, Wai Wai, Yam Yam, and Nissin. The manufacturers attributed the heightened costs to the Russia-Ukraine conflict and the increase in energy prices. They reported that wheat prices have risen by 2-3 folds and other raw materials have also appreciated in price. The instant noodle makers also expressed concerns about an impending rise in the minimum wage. All 5 makers said they wanted the Department of Internal Trade to allow a price increase of 2 baht per packet. This would take the retail price to 8 baht per packet, from 6 baht at present. The manufacturers indicated they are prepared to clarify the details of their cost structure. If approved, the 2-baht per packet increase will be the first price rise for instant noodles in 14 years. The most recent price raise was in 2008 when a packet’s retail price was raised from 5 to 6 baht. All 5 manufacturers said they will hand their request for a price increase to the Department of Internal Trade tomorrow (16 August). They also intend to ask the department to consider the matter within this week. The manufacturers said if an increase is not approved, they will reduce the number of instant noodle packets being sold in Thailand. In this scenario, the makers will increase the amounts being exported as they are able to adjust the prices of their goods abroad. Source: https://thainews.prd.go.th/en/news/detail/TCATG220815230253456 -- © Copyright NNT 2022-08-15 - Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here. Monthly car subscription with first-class insurance, 24x7 assistance and more in one price - click here to find out more! 3 Link to comment Share on other sites More sharing options...
Puccini Posted August 15, 2022 Share Posted August 15, 2022 I didn't even know there was a legal price limit on instant noodles. Link to comment Share on other sites More sharing options...
KIngsofisaan Posted August 15, 2022 Share Posted August 15, 2022 Why is this news? Link to comment Share on other sites More sharing options...
Sticky Rice Balls Posted August 15, 2022 Share Posted August 15, 2022 Hides under bed and prepares for thais to rise up and riot over their beloved mama noodles....mmmmm deep fried salty death cakes... the doomsday clock ticks another tock Link to comment Share on other sites More sharing options...
The Hammer2021 Posted August 15, 2022 Share Posted August 15, 2022 Good. I hope they get it. Link to comment Share on other sites More sharing options...
Popular Post bradiston Posted August 15, 2022 Popular Post Share Posted August 15, 2022 4 hours ago, KIngsofisaan said: Why is this news? Because millions eat this every day. It's pretty much a staple for low incomes. 3 2 Link to comment Share on other sites More sharing options...
KIngsofisaan Posted August 15, 2022 Share Posted August 15, 2022 3 minutes ago, bradiston said: Because millions eat this every day. It's pretty much a staple for low incomes. Millions eat rice everyday, yet you don't see a story about rice prices increasing 2 baht 1 Link to comment Share on other sites More sharing options...
RichardColeman Posted August 15, 2022 Share Posted August 15, 2022 6 hours ago, snoop1130 said: The manufacturers attributed the heightened costs to the Russia-Ukraine conflict and the increase in energy prices. They reported that wheat prices have risen by 2-3 folds and other raw materials have also appreciated in price. Does Thailand have NO land or fields for growing wheat ? As a bowl of noodles must be killing the climate ! 1 Link to comment Share on other sites More sharing options...
AhFarangJa Posted August 15, 2022 Share Posted August 15, 2022 A 33% increase in one go. Seems a bit steep at first glance, yet how much has other foodstuffs risen in the last 14 years. However, I have to agree with Richard, why not grow more wheat at home. Everyone I know is complaining about the small profit on rice. Millions of acres devoted to growing corn for biofuel. Maybe time to diversify a bit more. Probably a simplistic idea as I am not a farmer. I am sure more knowledgeable members will put forward the pro's and cons. Link to comment Share on other sites More sharing options...
Daithi85 Posted August 15, 2022 Share Posted August 15, 2022 1 hour ago, KIngsofisaan said: Millions eat rice everyday, yet you don't see a story about rice prices increasing 2 baht Yes u do. 2 Link to comment Share on other sites More sharing options...
KIngsofisaan Posted August 16, 2022 Share Posted August 16, 2022 54 minutes ago, Daithi85 said: Yes u do. Well post some facts? Link to comment Share on other sites More sharing options...
Popular Post freedomnow Posted August 16, 2022 Popular Post Share Posted August 16, 2022 That's me - I'm done, I knew this day would come. Goodbye Thailand, it was fun while it lasted. 1 4 Link to comment Share on other sites More sharing options...
userabcd Posted August 16, 2022 Share Posted August 16, 2022 (edited) The government controls all and everything. Nobody and nothing is free. Edited August 16, 2022 by userabcd Link to comment Share on other sites More sharing options...
Popular Post mikebell Posted August 16, 2022 Popular Post Share Posted August 16, 2022 8 hours ago, snoop1130 said: The 5 brands This is encapsulated in the word CARTEL. Thailand is swamped with such collectives/monopolies to force price rises on the public. Any would-be independent company is strangled at birth. 3 Link to comment Share on other sites More sharing options...
Cake Monster Posted August 16, 2022 Share Posted August 16, 2022 I would like to think that this 33 % increase that the Noodle Manufactures are asking for now, will also have taken into consideration the 18 % rise in the cost of Electric due to start on 1 st September. From 4.0 Baht to 4.73 Baht / Unit cost, and dont forget the service charge , VAT and the other add ons that will send the price to over 5 Baht / Unit cost Or will they be going back for more Money ? These Electric price increase is going to add massive costs onto all Products from the Factory Gates as Manufacturers ramp up there charges for their goods. Everything from Toilet Rolls to Noodles to cars is going to increase in cost, which will transmit into even more Inflation, that already seems to be out of control. 1 Link to comment Share on other sites More sharing options...
JayClay Posted August 16, 2022 Share Posted August 16, 2022 3 hours ago, KIngsofisaan said: Millions eat rice everyday, yet you don't see a story about rice prices increasing 2 baht That's because the price of rice hasn't been increased by 2bt! 1 Link to comment Share on other sites More sharing options...
Daithi85 Posted August 16, 2022 Share Posted August 16, 2022 1 hour ago, KIngsofisaan said: Well post some facts? Google is your friend. 1 Link to comment Share on other sites More sharing options...
hotchilli Posted August 16, 2022 Share Posted August 16, 2022 12 hours ago, snoop1130 said: If approved, the 2-baht per packet increase will be the first price rise for instant noodles in 14 years. Probably justified when you read that. Link to comment Share on other sites More sharing options...
hotchilli Posted August 16, 2022 Share Posted August 16, 2022 10 hours ago, KIngsofisaan said: Why is this news? 25% increase on a Thai staple? 1 Link to comment Share on other sites More sharing options...
Katipo Posted August 16, 2022 Share Posted August 16, 2022 This is outrageous. When I came to Thailand many years ago, they were only 5 baht a packet. When they went up to 6 the impact on my Budgeting was nearly enough to force me back home. Another 2 baht increase will make me destitute! Just euthanise me now! Link to comment Share on other sites More sharing options...
bradiston Posted August 16, 2022 Share Posted August 16, 2022 (edited) 50 minutes ago, Katipo said: This is outrageous. When I came to Thailand many years ago, they were only 5 baht a packet. When they went up to 6 the impact on my Budgeting was nearly enough to force me back home. Another 2 baht increase will make me destitute! Just euthanise me now! Edited August 16, 2022 by bradiston Link to comment Share on other sites More sharing options...
Hawaiian Posted August 16, 2022 Share Posted August 16, 2022 At Walmart I buy a 12 pack box of Express brand ramen with 3 ounce packs for $2.88 which comes to 24 cents a pack vs. a 2.11 ounce pack of Mama for 23 cents (with the 2 baht raise) in Thailand. I have seen Mama sold at one Hawaii supermarket for 80 cent a pack which is more than 3 times the cost of the Express brand. I often use ramen mixed in with stir fry pork and vegetables, a dish my Thai wife likes. Link to comment Share on other sites More sharing options...
EricTh Posted August 16, 2022 Share Posted August 16, 2022 (edited) I think 2 baht increase after 10 years is quite reasonable. The local stalls are charging me an increase of 10 baht (or more) for one plate of rice and dish. I used to pay 35 baht but now stalls are charging me 45 baht or 50 baht per plate. Edited August 16, 2022 by EricTh 1 Link to comment Share on other sites More sharing options...
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