Thai commerce ministry approves ฿1 per packet instant noodle price rise

[snoop1130]

 

Director-General of the Department of Internal Trade, Wattanasak Sur-iam, says that Thai President Foods (Mama), Thai Preserved Food (Wai Wai) and Wan Thai Foods Industry (Yum Yum) are allowed to increase their instant noodle pricesby 1 Baht, increasing the price to 7 baht per packet, effective August 25th. Any greater price increase could, however, lead to 7 years in prison and/or a fine of up to 140,000 baht.

 

In reaching their decision, the ministry took into account the increased costs of production. This approval is, however, on the condition that, if or when those costs reduce, the per-packet prices will reduce accordingly. The noodle makers also have to report monthly to the Department of Internal Trade onthe cost of raw materials.

 

“Today we invited the three manufacturers for a meeting. They have been seeking permission for a 2-baht price increase since 2021 and the department had asked them to maintain the price until now. The matter has been monitored closely. With the cost increases in production, as well as energy and labour costs, we have agreed to a raising of the price, effective tomorrow (Thursday).”

 

Full Story: https://www.thaipbsworld.com/thai-commerce-ministry-approves-1-per-packet-instant-noodle-price-rise/

 

-- © Copyright Thai PBS 2022-08-24

 

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[Rampant Rabbit]

pathetic and comical

[JayClay]

1 hour ago, Rampant Rabbit said:

pathetic and comical

Why?

[starky]

They will still make plenty on that. How many mama cups do 70 million Thais plus tourists plus expats devour every year? The numbers would be phenomenal. 

Edited August 24, 2022 by starky

[Rampant Rabbit]

6 hours ago, JayClay said:

Why?

That a  govt feels  it  has to control the price of anything. Let them put 20 baht a  packet  on and see  how their sales  go

[jacko45k]

6 hours ago, starky said:

They will still make plenty on that.

I am surprised they cost more than 1 baht already!

[Sydebolle]

Anywhere else you would let the free market decide. Too expensive = buy competitor's product, all products too expensive = resort to alternative food. Simple, fair and would free up capacity of this gifted government to tackle the real issues among their own ranks. 

For all those who have problems in calculation; the increase is "only" 16% ........ go figure. 

[shackleton]

It's happening everywhere prices of food going up around the World

I am sure. Putting noodles up by 1 baht won't break the bank

The big stores Macro Lotus's ect  will still be doing  discounts on certain items 

[pelagicpete]

In truth there is only one market that this price rise is going to hurt.

You know it: the poorest people in Thailand.

Noodles are a godsend that only needs hot water to provide a reasonably nourishing hot meal.

Often this is the only meal of the day that needy out of work families will get.

The customers in my wife's restaurant provide cash for these pot noodle meals to be bought, which we do, and we give them to local charities that distribute food to the villagers around the Pattaya area.

The price has already gone up this year and this is an extra 1 baht.

To put it into perspective, the 500 pot noodle meals we frequently buy for distribution to the very poor, used to be 5,000 baht, now it is 5,500 baht, and after this it will be 6,000 baht. That means that the original 5,000 baht of cash raised will now buy 1,000 baht worth fewer meals.

That is 100 meals less.

Few expats realise the extent of the dreadful poverty that is 'out there'.

And mostly children are affected by it.

Poverty and malnourishment for the young is certain to produce weaker and less resilient adults, with a poorer education.

I hope most expats are aware of the sharp end of increasing the cost of food for the poor.

[hotchilli]

The government has effectively fixed the price of noodles, thus all noodles are the same and not competitive with each other.

Let the market decide the price.

[superal]

1 hour ago, pelagicpete said:

In truth there is only one market that this price rise is going to hurt.

You know it: the poorest people in Thailand.

Noodles are a godsend that only needs hot water to provide a reasonably nourishing hot meal.

Often this is the only meal of the day that needy out of work families will get.

The customers in my wife's restaurant provide cash for these pot noodle meals to be bought, which we do, and we give them to local charities that distribute food to the villagers around the Pattaya area.

The price has already gone up this year and this is an extra 1 baht.

To put it into perspective, the 500 pot noodle meals we frequently buy for distribution to the very poor, used to be 5,000 baht, now it is 5,500 baht, and after this it will be 6,000 baht. That means that the original 5,000 baht of cash raised will now buy 1,000 baht worth fewer meals.

That is 100 meals less.

Few expats realise the extent of the dreadful poverty that is 'out there'.

And mostly children are affected by it.

Poverty and malnourishment for the young is certain to produce weaker and less resilient adults, with a poorer education.

I hope most expats are aware of the sharp end of increasing the cost of food for the poor.

Your charitable efforts are to be admired , however have you ever looked into the problems that eating instant noodles can bring . You may be doing more harm than good . Below is an extract from Google that highlights the dangers of regular eating of instant noodles . Mostly carbs and no protein .

 

Bad news! They have white carbos (not that bad but can lead to diabetes). They have lots of salt (also not so bad in a tropical climate where you need more salt). But what is SO BAD, is that they are almost always FRIED in PALM OIL, which really is so bad, and apparently clogs your arteries.

[Cake Monster]

1 hour ago, pelagicpete said:

In truth there is only one market that this price rise is going to hurt.

You know it: the poorest people in Thailand.

Noodles are a godsend that only needs hot water to provide a reasonably nourishing hot meal.

Often this is the only meal of the day that needy out of work families will get.

The customers in my wife's restaurant provide cash for these pot noodle meals to be bought, which we do, and we give them to local charities that distribute food to the villagers around the Pattaya area.

The price has already gone up this year and this is an extra 1 baht.

To put it into perspective, the 500 pot noodle meals we frequently buy for distribution to the very poor, used to be 5,000 baht, now it is 5,500 baht, and after this it will be 6,000 baht. That means that the original 5,000 baht of cash raised will now buy 1,000 baht worth fewer meals.

That is 100 meals less.

Few expats realise the extent of the dreadful poverty that is 'out there'.

And mostly children are affected by it.

Poverty and malnourishment for the young is certain to produce weaker and less resilient adults, with a poorer education.

I hope most expats are aware of the sharp end of increasing the cost of food for the poor.

I am fully aware that these Noodles are , for some, the only meal of the Day.

Noodles + Fish Sauce

Noodles + Tin Sardines

Noodles + Foraged stuff from the jungle

Etc

And before the " dont believe people eat like that " Brigade start, the issues are very, very real.

 

[worgeordie]

17 hours ago, snoop1130 said:

This approval is, however, on the condition that, if or when those costs reduce, the per-packet prices will reduce accordingly.

That is never going to happen , like when the bottom fell out of the Pound,

prices for British foods here never went down a Satang ,only seasonal foods

vary in price , rainy season now so prices of vegetables high,

 

regards worgeordie

[peterfranks]

1 hour ago, pelagicpete said:

The price has already gone up this year and this is an extra 1 baht.

To put it into perspective, the 500 pot noodle meals we frequently buy for distribution to the very poor, used to be 5,000 baht, now it is 5,500 baht, and after this it will be 6,000 baht.

500 x 7 (new price) is 3500 baht in my book, so why do they cost you 12 baht?

[kwak250]

19 hours ago, peterfranks said:

500 x 7 (new price) is 3500 baht in my book, so why do they cost you 12 baht?

Yes i thought that and thought that maybe some money was taken off for distribution costs.