Thailand: Prices of instant noodles increased

[webfact]

Prices of instant noodles increased

BANGKOK 29 April 2014 (NNT) — Instant noodles makers have increased the prices of their products due to the decrease of sales.

According to Association of Thai Wholesaling and Retailing president Somchai Pornratanacharoen, some instant noodle companies have increased the prices of their noodles due to slower sales in the instant noodle market.

It is likely that the rest of the producers will increase their product prices on the back of rising production costs. The prices of instant noodles have increased by 25-50 satang per pack; however, under the present regulations, each pack will have to be sold at no more than 6 baht apiece, Somchai said.

A slower economy and the increase in the cost of living have prompted the public to spend less of their income on consumer goods — affecting the sales of instant noodles in turn.

Mr. Somchai has called on the government to quickly address this issue in order to allow more competition in the market, adding that he hopes a new government could soon be formed in order for the country to move forward.


-- NNT 2014-04-29

[terryp]

Idiotic Country..sales drop so increase the price ...Duhh!!!!

[Costas2008]

Mr. Somchai has called on the government to quickly address this issue in order to allow more competition in the market, adding that he hopes a new government could soon be formed in order for the country to move forward.

Yes, this is a burning, issue for the country.

Democracy, has been abused.

First priority for the new government would be the regulation of noodles.

Only, in Thailand.

[neverdie]

Yep, nobody wants to buy my car, so I increased the price, that'll show em!

[Mango Bob]

Increase prices because not one can afford to buy it. Makes sense in Thailand.

[tomyummer]

Wasn't there just a piece about the price not going up? Those slippery noodle guys!

[JesseFrank]

under the present regulations, each pack will have to be sold at no more than 6 baht apiece, Somchai said.

So that's why Mama made so much poehaa yesterday that they wouldn't increase the price of their product.

They were not allowed since they were overpriced already

[Pib]

This noodle price news will probably be more important to most Thais than the ongoing govt protest and scandals news. Noodles fill your stomach but politicians just fill your ears with BS.

[chainarong]

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This noodle price news will probably be more important to most Thais than the ongoing govt protest and scandals news. Noodles fill your stomach but politicians just fill your ears with BS.

Gee you missed a good opportunity , you where on the right track though, politicians just empty your pockets.

[Thai at Heart]

increased the prices of their noodles due to slower sales in the instant noodle market.

And there you have it ladies and gentlemen. Thai business strategy and culture in one perfect sentence. He wants more competition. How dangerous is that. We have been privy to 6 years of street protests because some new kid on the block upset the apple cart.

I.would expect open war of someone p*****d on Mamas market.

Edited April 29, 2014 by Thai at Heart

[webfact]

Sales slump pushes prices of instant noodles



BANGKOK: -- Instant noodles makers have increased the prices of their products due to the sales slump.

The Association of Thai Wholesaling and Retailing president Somchai Pornratanacharoen said some instant noodle companies have increased the prices of their noodles due to sales decline in the instant noodle market.

It is likely that the rest of the producers will increase their product prices on the back of rising production costs.

The prices of instant noodles have increased by 25-50 satang per pack; however, under the present regulations, each pack will have to be sold at no more than six baht apiece, he said.

A slow economic growth and the increase in the cost of living have prompted the public to spend less of their income on consumer goods — affecting the sales of instant noodles in turn.

He has called on the government to quickly address this issue in order to allow more competition in the market, adding that he hopes a new government could soon be formed in order for the country to move forward.

Source: http://englishnews.thaipbs.or.th/sales-slump-pushes-prices-instant-noodles/


-- Thai PBS 2014-04-29

[Melyn]

Wasn't there just a piece about the price not going up? Those slippery noodle guys!

That's what the government said......

Sent from my Nexus 7 using Thaivisa Connect Thailand mobile app

[Just1Voice]

I had to laugh at the "Thai Logic" when I read this. People can't afford at this price, sales go down, so, hey, we'll RAISE the price.

Amazing Thailand.

[Melyn]

increased the prices of their noodles due to slower sales in the instant noodle market.

And there you have it ladies and gentlemen. Thai business strategy and culture in one perfect sentence. He wants more competition. How dangerous is that. We have been privy to 6 years of street protests because some new kid on the block upset the apple cart.

I.would expect open war of someone p*****d on Mamas market.

Indeed. They'll be stockpiling rice next to force world prices up

Sent from my Nexus 7 using Thaivisa Connect Thailand mobile app

[ginjag]

Yep, nobody wants to buy my car, so I increased the price, that'll show em!

And for doing that I will REFUSE breakfast tomorrow, that will hurt you and get you back.

[ginjag]

I had to laugh at the "Thai Logic" when I read this. People can't afford at this price, sales go down, so, hey, we'll RAISE the price.

Amazing Thailand.

Example over the years, THAI AWAYS.....this is intellect at it's best.

[PatOngo]

Thankfully, the price of rib eye steak has'nt increased.

[Bkungbank]

_{It's consider money saving food if somebody have no money ' mama' is the best choice last time excuses were given for palm oil, salary, petrol increase to raise price do you know that neigbouring countries Cambodia, Laos and Myanmar import huge amount of instant noodle .}

_{Slow down on spending should increase cheaper items like instant noodle sales volume not down ward .}

[Mentors]

Less customers in the a-go-go bars, so increase the barfine and price of beer.

[h90]

Yep, nobody wants to buy my car, so I increased the price, that'll show em!

No see it different, than it makes sense.

All the car seller before sold 100 cars per month. Now it dropped to 75 cars.

So you meet with the other sellers who are anyway your buddies and together you agree to double the price for cars.

The sale will further drop to 50 cars....but everyone will make the same turn over than before and even a lot more profit.

That works until some bad foreigner enters the game and makes a lower price.....But on cars there is a huge import tax to prevent that.

Same on beer.

[rreddin]

increased the prices of their noodles due to slower sales in the instant noodle market.

And there you have it ladies and gentlemen. Thai business strategy and culture in one perfect sentence. He wants more competition. How dangerous is that. We have been privy to 6 years of street protests because some new kid on the block upset the apple cart.

I.would expect open war of someone p*****d on Mamas market.

The response to reduced demand is to put up the price and call for more competition in a regulated market. The logic baffles me.

[lee b]

Is there any chance of them increasing the flavour with the price, or would that just be a silly question????

[american12bthai]

Wasn't there just a piece about the price not going up? Those slippery noodle guys!

YES THERE WAS.

[american12bthai]

Wasn't there just a piece about the price not going up? Those slippery noodle guys!

YES THERE WAS.

on second glance.... it was for Mama Noodles. maybe one brand? i dunno...

[BillyBobThai]

Somebody needs to teach Thai business people about marketing 101. When the Asean group kicks in next year, somebody has the opportunity to clean Thailands clock.

[JoeThePoster]

Less customers in the a-go-go bars, so increase the barfine and price of beer.

That makes sense at least for the bar fine. Pay more for fresh(er) goods.

[Payboy]

Last night I got 3 noodles less in my cup. Where can I complain?

[Just1Voice]

Somebody needs to teach Thai business people about marketing 101. When the Asean group kicks in next year, somebody has the opportunity to clean Thailands clock.

When the Asean group kicks in next year, somebody everyone will have has the opportunity to clean Thailand's clock.

[Misterwhisper]

"A slower economy and the increase in the cost of living have prompted the public to spend less of their income on consumer goods — affecting the sales of instant noodles in turn."

Okay, let me get this straight: People currently don't have not as much money to spend on "consumer goods" including instant noodles. So in order to compensate slower sales, the solution of this problem for the economic wizards at the instant noddle company (a.k.a. executives) is to CRANK UP the price?

Sometimes the mind just boggles.

[lemonjelly]

Instant noodles; the yabaa of food.