Huge markup on imported foods. Why?

[Korat Kiwi]

1 hour ago, Lacessit said:

I am quite confident any sentence ending in "it's a well-known fact" is utter bullsh!t.

Not wanting to bring politics into it but isn't a well known American who is running for president use that saying? 

 

  "It's a well known fact" 

 

Yes of course everyone knows they eating our cats! 

 

Aussies may not have a cuisine named after them but they do have some bloody good down to earth tucker.  Great red wine too. 

[cjinchiangrai]

10 hours ago, Fat is a type of crazy said:

The only people who want Vegemite are Australians and so they have to import in relatively low quantities and this pushes the price up. 

Worse than the bills, they could actually force you to eat Vegemite.

 

I live on Pad kapao, Som Tam and Laab Moo. It is cheap as chips and tastes way better than Vegemite.

[Seppius]

1 hour ago, johng said:

Which Big C ?

Pratumnak soi 5 , but I also saw the main one Sukhumvit road

[kiwikeith]

11 hours ago, giddyup said:

My gripe for today.

I understand there are shipping costs and tax, but how does a A$4.20 jar of vegemite cost nearly $12 (260 baht) in Thailand? If Australia imposed those kind of markups on Thai products I doubt they'd be able to sell a kilo of rice.

i agree I've seen imported baked beans at $10 a tin, if we did this to Thai products they would not be able to export them.

Its just greed, like raising the value of  the Bhat for high season, pure greed.

[Lacessit]

8 minutes ago, cjinchiangrai said:

Worse than the bills, they could actually force you to eat Vegemite.

 

I live on Pad kapao, Som Tam and Laab Moo. It is cheap as chips and tastes way better than Vegemite.

How would Australians force you to eat Vegemite, and why would they want to?

 

I mostly live on what I or my GF cooks, street food can be a bit of a lottery.

[kiwikeith]

10 hours ago, Fat is a type of crazy said:

If you are on the pension and don't own a home in Australia you can get accommodation for an amount deducted from the pension and most other costs for free. Helped some family find a pretty nice home. Some not so nice to be fair. 

But if you own a home the Govt will take it off you if  you go into aged care, they will gradually get it from you, if you live long time in care your kids will get nothing , but if you don't own your home they give you care for free,  hence setting up a family trust early can prevent this.

[kiwikeith]

22 minutes ago, cjinchiangrai said:

Worse than the bills, they could actually force you to eat Vegemite.

 

I live on Pad kapao, Som Tam and Laab Moo. It is cheap as chips and tastes way better than Vegemite.

Kiwis love vegemite, I thought Aussies like marmite??

[connda]

Cream of Wheat
US - $4.50 / box
Thailand $17 / box at today's exchange rate

It makes no sense at all. I don't know why it is even stocked.  Obviously someone pays 550 THB for a box of Cream of Wheat, but it sure the hell ain't me.  It's insane.

Why doesn't the US reciprocate?  If you haven't noticed, the US doesn't give a s**t about its citizens, especially those living aboard.  If they can't even take care of North Carolina flood victims they definitely ain't paying attention to the obscene Thai tariffs on US and EU goods.

 

 

Edited October 4 by connda

[Lacessit]

1 hour ago, itsari said:

Thank you for your compliments . 

Sadly you are wrong 

From your posts, I'd say you are quite used to circular arguments.

[connda]

3 minutes ago, connda said:

Cream of Wheat
US - $4.50 / box
Thailand $17 / box at today's exchange rate

It makes no sense at all. I don't know why it is even stocked.  Obviously someone pays 550 THB for a box of Cream of Wheat, but it sure the hell ain't me.  It's insane.

Why doesn't the US reciprocate?  If you haven't noticed, the US doesn't give a s**t about its citizens, especially those living aboard.  If they can't even take care of North Carolina flood victims they definitely ain't paying attention to the obscene Thai tariffs on US and EU goods.

 

 

I just checked on Shopee. 
A box of Cream of Wheat is selling for between 599 to 920 / box. 
That's $18.50 to $28.30 for a box of hot cereal that costs $4.50 in the US. 
Amazing Thailand!

[connda]

Why can they do it?
Because they can.  The US government doesn't give them any push-back.

[Fat is a type of crazy]

1 minute ago, kiwikeith said:

But if you own a home the Govt will take it off you if  you go into aged care, they will gradually get it from you, if you live long time in care your kids will get nothing , but if you don't own your home they give you care for free,  hence setting up a family trust early can prevent this.

You have to be careful as you may well know - gifting the house to an individual or trust , or relinquishing control of a trust if one is set up already, could have implications. Thus your comment about doing it a long time before. 

[Dave0206]

11 hours ago, jacko45k said:

Don't expect logic.....a large draft beer and a woman can be had for a few dollars in Thailand, how much in Sydney?

Yes but if you export that woman to any where in the west local rates apply is this because of import duty 🤔 

[itsari]

8 minutes ago, Lacessit said:

From your posts, I'd say you are quite used to circular arguments.

Nothing circular about going for the most money from a product.

Australian beef producers are no different.

Please understand 

[Lacessit]

3 minutes ago, itsari said:

Nothing circular about going for the most money from a product.

Australian beef producers are no different.

Please understand 

Top End beef is exported from Darwin, Broome and Wyndham. It's close to Asian markets. It has to compete with Argentinian and US producers.

 

OTOH, beef from Gippsland is only exported in limited quantities, due to local demand and the added cost of shipping.

 

Take a look at where Melbourne and Darwin are on a map of Australia, relative to Asia. Maybe then you will understand.

[itsari]

4 minutes ago, Lacessit said:

Top End beef is exported from Darwin, Broome and Wyndham. It's close to Asian markets. It has to compete with Argentinian and US producers.

 

OTOH, beef from Gippsland is only exported in limited quantities, due to local demand and the added cost of shipping.

 

Take a look at where Melbourne and Darwin are on a map of Australia, relative to Asia. Maybe then you will understand.

I understand very well the geography of Australia 

[itsari]

Just now, itsari said:

I understand very well the geography of Australia 

I used to buy best quality beef from cootamundre NSW .

The beef was excellent yet it was export quality being sold under the table. Destination was meant to be Japan

[cowellandrew]

13 hours ago, jacko45k said:

Don't expect logic.....a large draft beer and a woman can be had for a few dollars in Thailand, how much in Sydney?

In kings cross  you could end up with a bloke!

[Sandboxer]

When you can get a $2 pad thai in Sydney, let us know. Till then, just STFU.

[Lacessit]

1 hour ago, itsari said:

I used to buy best quality beef from cootamundre NSW .

The beef was excellent yet it was export quality being sold under the table. Destination was meant to be Japan

You only think you got best quality beef.

 

While I have no doubt it was good quality, IME nothing beats beef grown in Gippsland. It's the combination of climate, soil and pasture.

[itsari]

1 minute ago, Lacessit said:

You only think you got best quality beef.

 

While I have no doubt it was good quality, IME nothing beats beef grown in Gippsland. It's the combination of climate, soil and pasture.

And profit comes from selling the beef for the best profit combined with hard currency to the benefit of the Australian economy. Hence exports are favoured 

[cjinchiangrai]

3 hours ago, kiwikeith said:

Kiwis love vegemite, I thought Aussies like marmite??

Both are pretty disgusting. You are welcome to my allotment of either.

[AndreasHG]

15 hours ago, giddyup said:

My gripe for today.

I understand there are shipping costs and tax, but how does a A$4.20 jar of vegemite cost nearly $12 (260 baht) in Thailand? If Australia imposed those kind of markups on Thai products I doubt they'd be able to sell a kilo of rice.

 

The HS custom code for marmite is 2106.90.99. As you may see in this document (https://www.customs.go.th/data_files/ad5e0129680ac963317538ca8ea02209.PDF) the import duty for this specific product category is 60%.

 

The duty is calculated on the CIF cost of the product (cost + insurance + freight). To the resulting landed cost a 7% VAT applies.

 

Assuming that the price ex-factory paid by the importer is A$2.80, and assuming 15% as the cost for freight and shipment to the BKK port from the factory warehouse, the CIF cost is A$3.22.

Adding Thai import duties (60%) and VAT (7%) the cost becomes A$5.51.

Adding 5% for BKK port handling and domestic freight from the vessel to the importer's warehouse, plus 25% gross margin for the importer and 30% gross margin for the retailer, the selling price is A$11.90.

 

This is not true only for the Australian Marmite (which I personally find disgusting).

Sadly, it is true also for my favored European, delicious, imported food 😃.

 

[renaissanc]

20 hours ago, Celsius said:

Funny. I start a thread asking if Thailand is good value for money and get attacked by bootlickers.

 

Yet.....

 

Another day another whinge about prices, pensions, dual pricing, imported foods, TAT, road accidents, expensive hospital bills, national parks, bar fines.... 

 

I think most of you have been here so long, you forgot how well stocked grocery stores are back home. And cheap. Healthy, yummy food at good prices. I know, because I go back every year. But most of you choose to watch YouTube for news just like losers back home who think you can live in Thailand on $1000 a month.

My wife and I and 26 cats live perfectly well for 10 to 11000 per month. 

[bbi1]

21 hours ago, Fat is a type of crazy said:

The only people who want Vegemite are Australians and so they have to import in relatively low quantities and this pushes the price up. 

Vegemite tastes like sheeeeet. This is coming from an Aussie who doesn't want that rubbish.

[bbi1]

21 hours ago, Lacessit said:

$24.10/hour. The average suburban home is about $800,000, but very dependent on location.

Minimum wage of $24.10 in Australia is a joke. Singapore has no minimum wage and they do just fine as a country without that crap.

[jacko45k]

10 hours ago, Dave0206 said:

Yes but if you export that woman to any where in the west local rates apply is this because of import duty 🤔 

Union rates maybe?

[jacko45k]

9 hours ago, cowellandrew said:

In kings cross  you could end up with a bloke!

Well you could here too,  to be honest!

[JimHuaHin]

23 hours ago, giddyup said:

My gripe for today.

I understand there are shipping costs and tax, but how does a A$4.20 jar of vegemite cost nearly $12 (260 baht) in Thailand? If Australia imposed those kind of markups on Thai products I doubt they'd be able to sell a kilo of rice.

Vegemite at several Thai outlets (eg Gourmet Market, Villa Market (?)) still costs Baht 169, which has been the price for 11+ years).

[JimHuaHin]

Nevertheless, some imported foods - such as jams and spreads, and frozen vegetables - are 2-4 times more expensive than the prices listed at Coles and Woolies in Australia.  And even when the Thai Baht increases significantly against the Ozzie Dollar, the Baht price still goes up!!!