Business

Commerce Ministry announces another round of price drops on staple products

Published

Sunday, June 7, 2020 10:15

PHOTO: Nation Thailand

The Thai Ministry of Commerce will soon launch a fourth round of price reductions, which will take place at a district level. The ministry has already received cooperation from the business sector to help those affected Covid-19 by lowering product prices, sometimes by as much as 68%, on 3 occasions,

In the fourth round, around 7,100 consumer goods are being added to the price reduction list. They will be sold at designated locations in 878 districts nationwide. People in those districts will be able to buy 5 kilograms of rice at a price of 95 baht, 10 chicken eggs for 20 baht, a bottle of cooking (palm) oil for 30 baht, canned fish at 10 baht and a kilogram of sugar for 20 baht.

This week, Deputy PM and Commerce Minister Jurin Laksanawisit held a teleconference with provincial commerce officials. They were directed to promote the price reduction project to local people. The project will initially be launched in 45 districts tomorrow and all other districts by next month.

SOURCE: NNT

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Related Topics:economy eggs fish fourth oil prices products reductions rice round

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Jack Burton

Jack Burton is an American writer, broadcaster, linguist and journalist who has lived in Asia since 1987. A native of the state of Georgia, he attended the The University of Georgia's Henry Grady School of Journalism, which hands out journalism's prestigious Peabody Awards. His works have appeared in The China Post, The South China Morning Post, The International Herald Tribune and many magazines throughout Asia and the world. He is fluent in Mandarin and has appeared on television and radio for decades in Taiwan, Mainland China, Hong Kong and Macau.

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