Prices for instant noodles, condensed milk to rise next month

Petch PetpailinMonday, March 7, 2022Last Updated: Monday, March 7, 2022

265 1 minute read

Prices for instant noodles, condensed milk to rise next month

Photo by Mufid Majnun on Unsplash

Prices for instant noodles and condensed milk are set to rise next month as the Ukraine-Russia conflict has affected imports and exports in Thailand, according to the Ministry of Thai Commerce. The ministry says that the situation could cause inflation, but says the state would try to control the price of food and necessary products as much as possible.

Commerce Minister, Jurin Laksanawisit, says the Russian ruble is unstable, adding that some of Thailand’s imports and exports with the country might be suspended. Jurin told Thai media that the government was trying to control the costs of consumer goods like meats and chicken eggs, insisting that everything was under control.

Thai Food Processors Association president, Visit Limlurcha, shared that some businesses, like instant food companies, discussed with the Ministry of Commerce increasing product prices. He added that companies selling products under a price control list make a request with the Department of Internal Trade before increasing prices.

Thai Wholesale & Retail Trade Association says so far prices are increasing for instant noodles and condensed milk. Some instant noodles companies asked to increase their wholesale price at 0.25 baht each because the prices for ingredients went up while some condensed milk brands plan to add up around 2 baht per can.

SOURCE: Thai PBS | Channel 7 | Sanook

Petch Petpailin

Petpailin, or Petch, is a Thai translator and writer for The Thaiger who focuses on translating breakingThai news stories into English. With a background in field journalism, Petch brings several years of experience to the English News desk at The Thaiger. Before joining The Thaiger, Petch worked as a content writer for several known blogging sites in Bangkok, including Happio and The Smart Local. Her articles have been syndicated by many big publishers in Thailand and internationally, including the Daily Mail, The Sun and the Bangkok Post. She is a news writer who stops reading news on the weekends to spend more time cafe hopping and petting dwarf shrimp! But during office hours, you can find Petch on LinkedIn and you can reach her by email at petch@thethaiger.com.