11 July 2024

Director-General of the Department of Internal Trade, Wattanasak Sur-iam, says that Thai President Foods (Mama), Thai Preserved Food (Wai Wai) and Wan Thai Foods Industry (Yum Yum) are allowed to increase their instant noodle pricesby 1 Baht, increasing the price to 7 baht per packet, effective August 25th. Any greater price increase could, however, lead to 7 years in prison and/or a fine of up to 140,000 baht.

In reaching their decision, the ministry took into account the increased costs of production. This approval is, however, on the condition that, if or when those costs reduce, the per-packet prices will reduce accordingly. The noodle makers also have to report monthly to the Department of Internal Trade onthe cost of raw materials.

“Today we invited the three manufacturers for a meeting. They have been seeking permission for a 2-baht price increase since 2021 and the department had asked them to maintain the price until now. The matter has been monitored closely. With the cost increases in production, as well as energy and labour costs, we have agreed to a raising of the price, effective tomorrow (Thursday).”