Department of Internal Trade Green Light “Instant noodles” raise the price of not more than 1 baht, pilot 3 brands “Mama-Wai-Wai-Yum Yum”, starting on August 25, with strict conditions Must provide information on the purchase of raw materials and if next, the cost of raw materials is reduced There will be a letter to inform the price reduction as well. The other two, if all information is submitted. will be considered with the same criteria
August 25, 2022 – Mr. Wattanasak Sueaiam, Director-General of the Department of Internal Trade, revealed that the department had a meeting with 3 instant noodle producers, namely Thai President Foods Public Company Limited, Mama Brand Company. Thai Food Products Factory Co., Ltd. Tra Wai Wai and Wan Thai Food Industry Co., Ltd. Yum Yum brand to consider the case where the manufacturer applied for a price increase in envelopes from 6 baht to 8 baht. Both the cost of raw materials such as wheat, palm oil, packaging, including the cost of energy and labor, see that the cost has actually increased. Therefore, it has been approved to increase the price for all 3 cases, not exceeding 1 baht per pack for normal sizes. Other items not approve of the hike Effective from 25 Aug. 2022 onwards.
“The price that the manufacturer has applied for 8 baht is considered too high, so it can be approved for no more than 1 baht per envelope or a maximum of 7 baht per pack because it has to take into account the people’s brothers and sisters under the Win-Win Model policy that the manufacturer is in. can continue to produce and the people must not be affected too much therefore came out as agreed.”
In this regard, the department has also added conditions for manufacturers to follow, that is, if the cost of raw materials is reduced lower energy costs Must reduce the price down by the Department will closely monitor. And there will be a letter to inform the manufacturer to further reduce the price. If there is a case and the department has notified the manufacturer But the manufacturer did not lower the price. It will be a product that sells unreasonably expensive. Penalties under the Act on the Price of Goods and Services Sections 26 and 29
For the remaining two manufacturers, Nissin Foods (Thailand) Co., Ltd. Nischin Brand and Chokchai Pibul Company Limited, Suek Brand will be considered according to the same criteria. Most recently, Nissin The cost details have been submitted in full, the Department will consider further. honest part Details have not yet been submitted.
Mr. Phan Paniangwet, manager of the director’s office of Thai President Foods Public Company Limited, the maker of instant noodles, Mama said that if looking at the point where the manufacturer asked to raise the price by 8 baht per pack, it was not adjusted. More than 1 baht or not more than 7 baht per pack is considered bad, but if you look at the point where the manufacturer has asked to raise the price for 18 months, it is considered good and understands that the government have to take care of the people of the country not to be affected by the burden of living expenses that will increase It is considered that different people perform their duties, which the manufacturer can accept because it is better than not increasing the price at all. because of the past Mama sells almost at a loss. Some have already lost
