Food Shortages Push Up Thai Consumer Prices

[janverbeem]

@ Bendix - Actually I do know the difference between Wholesale and retail. Maybe you can enlighten me as to which this story is actually based on and point out where. I was refering to retail prices that have increased and not the wholesale prices however normally retail prices go up in line with an increase in wholesale prices so what is the difference?

Not in Thailand.Here the retail prices go up whenever the retailers can make up an excuse with which they can scam the uneducated population.

A still very popular excuse is " the floods "..

[cloudhopper]

Why can Tesco sell rice 5 kilo's at 110 bht, when the market price is 150 bht-locally.???

Why would anyone pay 150 when they could buy for 110 at Tesco?

[ikke]

There is an over supply of rice and eggs right now in Thailand.

This is a fact.

Really then why have thier prices gone up? What is it, increase the price so the consumer will buy more and clear the over supply. My wife says the price of eggs have gone up because they are in short supply same with rice.

Either your wife cheat you or she has been cheated. Eggs prices in Thailand has plummeted. Only 2.40 baht each.

http://www.thepoultr...ummeting-prices

THAILAND - On 1 February 2012, chicken layer producers voiced their concerns to the Minister of Commerce on plummeting egg prices.

The producers requested the government to intervene by increasing the recommended egg price, a type of price control which is currently set at 2.40 baht/piece (0.08 US cents/piece) by the Department of International Trade (DIT) suspension of unlimited imports of breeding layers implemented in 2010, an introduction of an egg mortgage scheme, control of commercial eggs imports, and assisting producers in reducing their production cost.

According to trade sources, the Minister of Commerce disagreed with the requests, except with assisting producers in reducing production costs.

The producers claim that egg prices have lowered significantly to the recommended price of 2.40 baht/piece for mixed grade eggs, while their average production cost is currently 2.64 baht/piece.

10 eggs branch CP in big C 70 Baht, 2,4 is the official market price, or what the retail pays for it, not what we pay !

[ginjag]

cloudhopper #32...sounds like you are a big town dweller, you see there tend to be rural areas (majority of Thailand) who don't have Tesco.  UPDATE  Tesco rice 5 kilo's  118 bht.-----local market town  185 bht per kilo, this is today's price

[cloudhopper]

cloudhopper #32...sounds like you are a big town dweller, you see there tend to be rural areas (majority of Thailand) who don't have Tesco. UPDATE Tesco rice 5 kilo's 118 bht.-----local market town 185 bht per kilo, this is today's price

Hi well I alternate between small towns and a big boat but admit to being clueless about rice prices since we grow our own organic variety. I'm sure you meant 185/5kg but even then that seems like a huge arbitrage opportunity to me.

Edited March 4, 2012 by cloudhopper

[ginjag]

OK. I see what your reply means, My point is there is no shortage-where this came from I don't know-Nation, or where ever, it is not true, no where I have found any place there are empty shelves, and usually that is where you see there are shortages. I do not believe it. It's all balls.

I can go any where in Issan (populous 50%) and find abundance of goods. The shortage thing is a cover up for inflated prices to put money into the pockets of the chosen few. Please Thailand tell the truth for a change. But that is expecting a miracle. Apart from the normal inflation rate these price rises across the board are purely greed again. Admitting the fuel prices are at a 4 year high, but that is not an excuse.

[cowslip]

Simple economics, supply and demand sets the price

That is the way it should be

I see no problem

you obvious;ly know nothing about Thailand.

"Simple" economics or market forces don't apply in Thailand as the entire economy is in the hands of a tiny number of people who work things out through monopolies, cartels, graft and nepotism.........."supply and demand" - my arse!

What a load of crap...

so rather than just expletives how about putting your argument forward? If you have one that is.