Thread: Instant noodle makers set to request 2-baht per packet increase of retail price

BANGKOK (NNT) - Makers of instant noodles are set to request a 2-baht per packet increase for the retail price of their products tomorrow (16 August). The manufacturers argue they are no longer able to absorb losses incurred from heightened raw material prices. The makers need the commerce ministry’s approval for a price increase, as instant noodles are regulated products.


In a joint press conference, manufacturers of 5 brands of instant noodles indicated they were taking losses from their operations due to heightened raw material costs. The 5 brands include Mama, Sue Sat, Wai Wai, Yam Yam, and Nissin. The manufacturers attributed the heightened costs to the Russia-Ukraine conflict and the increase in energy prices. They reported that wheat prices have risen by 2-3 folds and other raw materials have also appreciated in price. The instant noodle makers also expressed concerns about an impending rise in the minimum wage.


All 5 makers said they wanted the Department of Internal Trade to allow a price increase of 2 baht per packet. This would take the retail price to 8 baht per packet, from 6 baht at present. The manufacturers indicated they are prepared to clarify the details of their cost structure.


If approved, the 2-baht per packet increase will be the first price rise for instant noodles in 14 years. The most recent price raise was in 2008 when a packet’s retail price was raised from 5 to 6 baht.


All 5 manufacturers said they will hand their request for a price increase to the Department of Internal Trade tomorrow (16 August). They also intend to ask the department to consider the matter within this week. The manufacturers said if an increase is not approved, they will reduce the number of instant noodle packets being sold in Thailand. In this scenario, the makers will increase the amounts being exported as they are able to adjust the prices of their goods abroad.

Instant noodle makers set to request 2-baht per packet increase of retail price

I struggle to understand why instant noodles have their price regulated in such a strict manner.

Originally Posted by DrWilly

I struggle to understand why instant noodles have their price regulated in such a strict manner.

They are a staple for the very poor.

Originally Posted by aging one

They are a staple for the very poor.

No kidding, I get that. Can also think of a few more healthy options for staples, that probably are also regulated. Eggs, rice, flour etc. I just don’t see that instant noodles should be regulated as such.

Originally Posted by DrWilly

No kidding, I get that. Can also think of a few more healthy options for staples, that probably are also regulated. Eggs, rice, flour etc. I just don’t see that instant noodles should be regulated as such.

I would write an angry letter to the government. I'm sure they will reconsider when you put it that way.

Originally Posted by harrybarracuda

I would write an angry letter to the government. I'm sure they will reconsider when you put it that way.

Probably more effective to post 86k times on teakdoor

Fine by me- as long as they bring down the import duty on wine.

Originally Posted by sabang

Fine by me- as long as they bring down the import duty on wine.

They were supposed to have done that, but prices got bumped up anyway.

Originally Posted by DrWilly

I struggle to understand

step 1 "taking personal inventory and when you are wrong, promptly admit it"

so whether youre working the 10 steps of dumbfxck anonymous, or any other rehab program, step 1 may be one of the least popular of all the 10 steps.

Why? It’s simply no fun to be wrong and then have to admit it.

so well done willy, perhaps you finally are on the road to recovery. only 9 steps to go!!

Originally Posted by taxexile

It’s simply no fun to be wrong and then have to admit it.

Good grief, the irony really is palpable