Government Halts Proposed Plans for Baby Milk Formula Price Hike

[snoop1130]

 

BANGKOK (NNT) - The Department of Internal Trade Promotion (DIT) has temporarily frozen plans by manufacturers to raise prices for baby milk formula and canned fish to cover increased production costs, citing regulations being enforced by the government.

 

According to Deputy Government Spokesperson Rachada Dhnadirek, the DIT has informed the manufacturers that both products are considered "controlled" and require approval from the department before any price hikes can be implemented.

 

In the case of soymilk, which was expected to see a 1-2 baht per pack increase, Rachada noted that it is not a controlled product, but the price adjustment must reflect the real production cost. The Internal Trade Department is currently looking into the production cost structure of the particular item to determine a fair price adjustment.

 

There are currently 56 products and services under price control in Thailand, with officials closely monitoring their price movements and particularly those classified as sensitive, such as pork, fresh chicken meat and cooking oil.

 

Rachada added that the department may also consider imposing new measures if shortages are found in products such as soap, dishwashing liquid, powdered milk, toilet paper or ready-made meals.

 

Source: https://thainews.prd.go.th/en/news/detail/TCATG230130124133720

 

-- © Copyright NNT 2023-01-30

 

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[trainman34014]

Pork and Chicken are much cheaper in Neighbouring Countries and have been kept high here by greedy Retailers; so how come these 'Guardians' of consumers have done nothing about it ?

[hotchilli]

12 hours ago, snoop1130 said:

There are currently 56 products and services under price control in Thailand, with officials closely monitoring their price movements and particularly those classified as sensitive, such as pork, fresh chicken meat and cooking oil.

Which have all increased.

[StayinThailand2much]

12 hours ago, snoop1130 said:

Rachada added that the department may also consider imposing new measures if shortages are found in products such as soap, dishwashing liquid, powdered milk, toilet paper or ready-made meals.

Wait till the Chinese show up in large numbers. The thing they like to buy all up when away from the mainland is powdered milk. In other places, e.g. Hong Kong, they had to restrict the quantity one can buy, as Chinese travellers always buy powdered milk in bulk.

[Cake Monster]

13 hours ago, trainman34014 said:

Pork and Chicken are much cheaper in Neighbouring Countries and have been kept high here by greedy Retailers; so how come these 'Guardians' of consumers have done nothing about it ?

What the Nation is now witnessing, and having to endure, is the Monopolization of the entire Food Chain by just a handful of very large Conglomerates.

They have successfully Monopolized everything from the Animal Feed, Fertilizer, Distribution, and Retailing of almost all the Foods that have seen increases of over 60 % in many cases.