A manufacturer of instant noodles Ask the government to raise the price to 8 baht per pack. What are the reasons for asking for a price increase for the first time in 14 years?
Mr. Weera napapruksachart, Assistant Managing Director Thai Food Products Factory Co., Ltd. explained that:
He continued that the company has always fixed prices. Both costs and inflation have increased considerably. throughout the management of costs to survive. The company has reduced various promotions. cut discounts to stores for the past year.
This reveals the situation where the production cost of instant noodles has increased dramatically. During some months, the company’s operating results for “some products” (SKU) are in the red zone or “loss”.
Mr. Kittiphot Chanphaworakit of WAN THAI FOODS INDUSTRY CO., LTD. explained that:
Hijiri Fukuoka, Managing Director of Nisshin Foods (Thailand) Co., Ltd., explained that:
Mr. Pun Paniangvait, Manager of the President’s Office of Thai President Foods Public Company Limited, explained that:
1. The cost of producing the product is really considered to have hit the ceiling. causing the company to request a price increase.
2. The company is facing a real loss. Not just a loss at a profit
3. There are more than 70% of 6-baht products sold in the country. and was unable to shift the cost due to the conditions. “I would like the Department of Internal Trade to consider the price with us as well. for the business to move forward. “