Retailers Authorized To Raise Sugar Price By 50-75 Satang Per Kilogram

[Jai Dee]

Retailers authorized to raise sugar price by 50-75 satang per kilogram

The Ministry of Commerce will issue an approval for operators to raise selling price of sugar by 50 and 75 satang per kilogram, after having had to bear higher packing costs.

Deputy Commerce Minister Preecha Laohaphongchana (ปรีชา เลาหพงศ์ชนะ) today entered a meeting with the Office of the Cane and Sugar Board, the Ministry of Industry, and cane farmers. He said afterwards that the meeting agreed to the adjustment of sugar packing cost.

Small retailers who buy 50-kilogram sacks of sugar will be allowed to sell them for an additional 50 satang per kilogram. Factories and large department stores who repack sugar in 1-kilogram bags may raise prices by 75 satang per bag.

Mr. Preecha said the raise will be further discussed and approved soon.

Source: Thai National News Bureau Public Relations Department - 6 July 2006

[Jai Dee]

Internal Trade Department to bring in tighter measures if today's initiative for 50-75 satang raise does not solve sugar strain

The head of the Internal Trade Department has indicated that tighter measures will have to be brought into use if the initiative to raise the price of packing sugar into smaller bags is unable to solve the problem of strained sugar price.

Internal Trade Department Director-General Siriphol Yodmuangcharoen (ศิริพล ยอดเมืองเจริญ) spoke of today's meeting regarding a raise of retail sugar price to cover packing cost, by 50 to 75 satang per 1-kilogram bag. He said the initiative would help relieve the strained situation of sugar distribution, and operators would now be able to find sugar to feed to large department stores so the latter can provide them to all consumers.

As for the smuggling of sugar to sell along the border of neighboring countries, Mr. Siriphol said today's meeting resolved to tighten overseeing of transportation. Approval must be sought from responsible agencies when transporting the sugar, so as to prevent flow-out of sugar which was previously the case.

Source: Thai National News Bureau Public Relations Department - 6 July 2006

[jayenram]

I'm devastated!