No change in the retail price of instant noodles

The country’s INSTANT noodle makers are urged to keep the retail price of their products down for as long as possible, Thailand’s Ministry of Commerce said.

In fact, the Ministry of Commerce has told makers of instant noodles – a popular food for many Thais – to keep the retail price of a basic packet at six baht (RM0.13) for as long as possible.

The director general of the ministry’s domestic trade department, Wattanasak Sur-iam, said manufacturers of several commodities had asked for permission to raise retail prices. He said the department carefully considers each request to ensure it does not affect consumers.

“The department will discuss appropriate price increases with various manufacturers, but we would like to emphasize that the price of instant noodles will remain the same for now,” he said.

Earlier, the Saha Group asked to raise the price of its popular Mama instant noodles as the cost of raw materials, especially wheat and palm oil, had risen dramatically.

Group chairman Boonsithi Chokwatana said the current economic situation was worse than the 1997 Asian financial crisis.

He added that the impact of the Covid-19 pandemic was not as severe as that of the ongoing conflict between Ukraine and Russia. — The Nation/ANN