Prices Of Consumer Products In Thailand To Remain Stable Until Mid 2012

[webfact]

Prices of consumer products to remain stable until mid 2012

BANGKOK, 2 January 2012 (NNT)-According to the Ministry of Commerce, prices for most commodities will not increase until mid 2012, except for those with imported parts and components.

Commerce Permanent Secretary Mr. Yanyong Puangrat said prices of fresh vegetables, fruits, meat, rice as well as eggs would remain more or less the same in the beginning of this year, thanks to their ample supplies and stable fuel prices.

Some of the fresh food items are even being offered at lower prices at present. Meanwhile, products from the agro and industrial sectors may come with higher price tags as their components are not locally made and must be imported.

These products include animal feed, insecticides, car batteries, and construction materials such as steel. Manufacturers will be allowed to request for price hikes on the condition that they must prove to the Ministry that they are coping with higher production costs, said the Permanent Secretary.

-- NNT 2012-01-02

[Pib]

Does "....more or less the same...." really mean the food prices will only go up somewhat. Food inflation is where some of the largest price increases have been and are continuing to occur. And regarding the stable fuel prices unless the govt reverses its policy the price of fuel (to include CNG and LPG but not cooking LPG) will go up since the govt plans to start reapplying the fuel subsidy taxes in mid Jan 12 which will raise fuel prices. Over the last month there has been no shortage of SMEs/companies complaining about the near term increase/reapplication in the fuel subsidy tax...an expected response since it will raise the cost of doing business which in turn means the businesses will probably pass along these increased costs in the form of higher prices for their goods/services. But don't worry, because it will be "....more or less the same...."

[Oberkommando]

Didn't food prices rise 25% year on year?

Bit of a bold prediction considering.

[Moruya]

Eurozone has battoned the hatches and cash flow is an issue. That is having a huge interest in global cash availability.

The Iranian issue in the straights of Hormuz could get out of hand sending oil prices rocketing.

The massive increase in the price of rice was not complimented by a rise in other farmed.commodities such as sugar cane and tapioca and I am sure some farmers will have switched.

The floods hit a huge amount of land, destroyed crops. Killed domestic animals.

Other rice growing nations are stepping into fill the market.

Thailand sees no problem ahead.......

[Nisa]

Food prices have been going up considerably (double and tripling in the last decade) across the globe.

http://www.fao.org/worldfoodsituation/wfs-home/foodpricesindex/en/

[ginjag]

Food prices have been going up considerably (double and tripling in the last decade) across the globe.

http://www.fao.org/w...pricesindex/en/

Lets just get off the interesting stats for a few minutes, and talk about what we are paying NOW.

government of the day-since August, pork from 80bht a kilo to 150bht-------chicken 60bht kilo to 110bht-----milk 35bht to 40bht---rice 85bht (5kilo) to 120bht veg up 30 % local market, sugar 22bnt to 28bht kilo, bread 34bht to 38bht. coffee (200g) up 10 bht. samples in Issan, maybe the prices will remain stable NOW as they have got them up so much it will see them through the 6 months---local peoples view (it makes them sick to see what is happening-even the less educated farm people are getting aware of the tactics, and plus they have received nothing promised YET, sick statement from a person supposedly doing his job well---he is an overpaid clown. Yingluck, send him to an inactive post, make him suffer. Ha Ha Ha.

[elektrified]

Food prices have been going up considerably (double and tripling in the last decade) across the globe.

http://www.fao.org/w...pricesindex/en/

Lets just get off the interesting stats for a few minutes, and talk about what we are paying NOW.

government of the day-since August, pork from 80bht a kilo to 150bht-------chicken 60bht kilo to 110bht-----milk 35bht to 40bht---rice 85bht (5kilo) to 120bht veg up 30 % local market, sugar 22bnt to 28bht kilo, bread 34bht to 38bht. coffee (200g) up 10 bht. samples in Issan, maybe the prices will remain stable NOW as they have got them up so much it will see them through the 6 months---local peoples view (it makes them sick to see what is happening-even the less educated farm people are getting aware of the tactics, and plus they have received nothing promised YET, sick statement from a person supposedly doing his job well---he is an overpaid clown. Yingluck, send him to an inactive post, make him suffer. Ha Ha Ha.

Indeed food prices across the globe have been soaring since at least 2005 (or earlier according to the chart), but it does seem that prices in Thailand are going up faster than the average; especially locally grown and/or produced items. First the excuse was the soaring oil prices, then another bunch of excuses like the palm and coconut trees, now the flooding, etc., etc... Some of the items exported from Thailand can be purchased for less in grocery stores in the USA than they can be purchased for in Thailand where they are produced. There was a post a year ago or so where a TV member was in the USA and posted the prices of Thai items in the local supermarket there; things like coconut milk, canned baby corn, etc. Prices in the USA were less than in Thailand. Makes sense huh?? NOT.

[Nisa]

Food prices have been going up considerably (double and tripling in the last decade) across the globe.

http://www.fao.org/w...pricesindex/en/

Lets just get off the interesting stats for a few minutes, and talk about what we are paying NOW.

government of the day-since August, pork from 80bht a kilo to 150bht-------chicken 60bht kilo to 110bht-----milk 35bht to 40bht---rice 85bht (5kilo) to 120bht veg up 30 % local market, sugar 22bnt to 28bht kilo, bread 34bht to 38bht. coffee (200g) up 10 bht. samples in Issan, maybe the prices will remain stable NOW as they have got them up so much it will see them through the 6 months---local peoples view (it makes them sick to see what is happening-even the less educated farm people are getting aware of the tactics, and plus they have received nothing promised YET, sick statement from a person supposedly doing his job well---he is an overpaid clown. Yingluck, send him to an inactive post, make him suffer. Ha Ha Ha.

Indeed food prices across the globe have been soaring since at least 2005 (or earlier according to the chart), but it does seem that prices in Thailand are going up faster than the average; especially locally grown and/or produced items. First the excuse was the soaring oil prices, then another bunch of excuses like the palm and coconut trees, now the flooding, etc., etc... Some of the items exported from Thailand can be purchased for less in grocery stores in the USA than they can be purchased for in Thailand where they are produced. There was a post a year ago or so where a TV member was in the USA and posted the prices of Thai items in the local supermarket there; things like coconut milk, canned baby corn, etc. Prices in the USA were less than in Thailand. Makes sense huh?? NOT.

Food prices are in general considerably higher in the US. Unlike the US, the Thai government actually puts controls on how much many foods can be sold for. Regardless, things like floods, weather, crop failures and oil prices do cause shortages and farmers and producers need to make money or their will be no food supply. It is already very difficult for farmers to turn a profit and this is why they receive so many subsidies from the governments. And there is just too many factors to get into when it comes to exported good to discuss what prices were like a year or so ago in another country. There is no conspiracy to starve Thais.

[Pib]

Hopefully this Bank of Thailand Link will take you to the Consumer Price Index and Core Consumer Price Index for Nov 11, the latest release available. The index shows the basket of items (including foods & beverages) used to calculate inflation amounts. Maybe the last column in the index chart is the easiest to visualize the price increases over a 12 month period.