prices

  • Thailand NewsRice and shine: Parboiled prices soar as global markets heat up

    Rice and shine: Parboiled prices soar as global markets heat up

    Global rice markets are heating up as prices for parboiled rice surged this week, driven by robust demand in major export hubs India and Thailand. After three weeks of stability, Indian and Thai exporters are now cashing in on renewed interest, while Vietnamese traders grapple with stagnant sales. India, the world’s largest rice exporter, saw its 5% broken parboiled rice…

  • Thailand NewsLettuce pray: Market shoppers face steep prices ahead of Pattaya Vegetarian Festival

    Lettuce pray: Market shoppers face steep prices ahead of Pattaya Vegetarian Festival

    The Rai Vanasin Market in East Pattaya was buzzing with anticipation yesterday as eager shoppers scrambled to stock up on fresh produce for the upcoming Pattaya Vegetarian Festival, which kicks off today, October 2 and runs until October 12. However, as the crowds grew, so did the prices – with many vegetables seeing eye-watering surges just days before the festival…

  • GuidesDiscover exciting year end car launches in Thailand 2024

    Discover exciting year end car launches in Thailand 2024

    As 2024 approaches, the automotive industry in Thailand is gearing up for an exciting lineup of new car launches. With a focus on innovation, technology, and sustainability, manufacturers are set to unveil a variety of models that cater to the diverse needs of Thai consumers. This article highlights some of the most anticipated car launches for the year, detailing their…

  • Thailand NewsFlooding disrupts Thai agriculture, vegetable prices surge

    Flooding disrupts Thai agriculture, vegetable prices surge

    Flooding in several provinces across Thailand has led to significant disruptions in the supply of agricultural products, prompting the Commerce Ministry to closely monitor price movements. According to Wattanasak Sur-iam, Director-General of the Internal Trade Department, the floods have reduced supply, causing a noticeable increase in vegetable prices compared to last week. Hom mali paddy rice is currently priced at…

  • Thailand NewsGoing bananas: Songkhla’s top fritter vendor in a slippery situation

    Going bananas: Songkhla’s top fritter vendor in a slippery situation

    A well-known banana fritter vendor in Songkhla is facing difficulties due to a sharp increase in the price of bananas and a shortage of supply. Sales have dropped, and profits have dwindled, forcing some vendors to raise their prices. However, one vendor decided to keep her prices the same out of concern for her customers. At the entrance to the…

  • Thailand NewsGold prices steady in Thailand, gold ornaments at 40,950 baht

    Gold prices steady in Thailand, gold ornaments at 40,950 baht

    The Gold Traders Association (GTA) reported that gold prices remained stable today, with no increase or decrease from the previous day’s closing prices. Gold ornaments are selling at 40,950 baht per baht-weight. According to the latest data from the GTA released at 9.04 am today, August 26, the price of gold ornaments remains unchanged at 40,950 baht per baht weight…

  • Thailand NewsThailand’s Nam Wa bananas go ‘bananas’ as prices soar

    Thailand’s Nam Wa bananas go ‘bananas’ as prices soar

    The price of Nam Wa bananas, also known as sugar bananas, has surged to a staggering 60 baht per bunch. Once a staple in Thai households, this beloved fruit is inching closer to becoming a luxury item, with experts predicting a further rise to 80 baht per bunch. For nearly a month, vendors and consumers alike have been grappling with…

  • Thailand NewsEgg-spect another price hike as duck eggs ‘crack’ up to 5.10 baht

    Egg-spect another price hike as duck eggs ‘crack’ up to 5.10 baht

    The Egg Duck Association announced a price increase for farm-fresh duck eggs by 10 satang, raising the price to 5.10 baht per egg, effective from yesterday. This marks the fifth price hike this year. The Egg Duck Association yesterday, August 22, informed its members about the new farm gate prices for duck eggs. The price per egg has been increased…

  • Thailand NewsGold prices rise sharply following recent declines

    Gold prices rise sharply following recent declines

    Gold prices surged today following a significant drop, according to the latest data from the Gold Traders Association (GTA). As of 9am, today, August 9, the price of gold jewellery was being sold at 40,950 baht per baht-weight, reflecting an increase of 250 baht compared to the final price yesterday. Today’s gold prices saw gold bullion in the domestic market…

  • Thailand NewsPTT Station cuts petrol and gasohol prices by 30 satang per litre

    PTT Station cuts petrol and gasohol prices by 30 satang per litre

    PTT Station announced a reduction in retail fuel prices, effective from 5am tomorrow. Petrol and all types of gasohol will drop by 30 satang per litre, with diesel prices remaining unchanged. The cut means petrol will now be priced at 44.94 baht per litre. Gasohol 95 will be 37.05 baht per litre, Gasohol 91 at 36.68 baht per litre, E20…

  • Business NewsThai Finance Ministry aims to increase mangosteen, longan prices

    Thai Finance Ministry aims to increase mangosteen, longan prices

    The Finance Ministry plans to support the purchase of mangosteens and longans at the beginning of the season, expected to run from July to August this year, to boost the prices of early-season produce. Finance Minister Pichai Chunhavajira announced that state financial institutions will be used to purchase the produce, ensuring favourable prices for agricultural products consistently. The government aims…

  • Thailand NewsBritish couple outraged over price of Heinz Beanz in Thailand (video)

    British couple outraged over price of Heinz Beanz in Thailand (video)

    A British couple holidaying in Thailand discovered that home comforts come at a shocking price abroad. Mark and Nadine, originally from the UK and Ireland but residing in Australia, embarked on their tropical getaway only to be floored by the cost of a simple can of Heinz Baked Beanz. While perusing a local supermarket, the pair stumbled upon the familiar…

  • Thailand NewsTokio Marine updates electric vehicle insurance policy in Thailand

    Tokio Marine updates electric vehicle insurance policy in Thailand

    Tokio Marine Insurance (Thailand) Public Company Limited recently announced changes in its electric vehicle (EV) insurance policy, which came into effect yesterday, July 1. The news sparked significant discussion among EV users. Tokio Marine Insurance clarified that it would continue to provide insurance for EVs. The company explained its decision to revise the premium calculation method, influenced by the fluctuating…

  • Thailand NewsBlue Line MRT fares to rise by up to 2 baht from tomorrow

    Blue Line MRT fares to rise by up to 2 baht from tomorrow

    The fares for the Blue Line MRT will increase by 1 to 2 baht, starting tomorrow, with a maximum fare of 45 baht. Discounts for children and seniors remain at 50%. Bangkok Expressway and Metro Public Company Limited (BEM) announced the new fare rates for the Blue Line MRT, known as the Chaloem Ratchamongkhon Line. Starting tomorrow, July 3, the…

  • Thailand NewsCommerce Ministry investigates oil palm price drop

    Commerce Ministry investigates oil palm price drop

    The Commerce Ministry directed the Internal Trade Department to investigate the recent drop in oil palm prices by visiting provinces known for palm plantations. This initiative follows complaints from growers about reduced purchase prices. Commerce Minister Phumtham Wechayachai instructed Wattanasak Sur-iam, director-general of the Internal Trade Department, to assess the situation in Phang-Nga, Krabi, and Surat Thani provinces. The goal…

  • Thailand NewsCommerce ministry acts to control prices amid minimum wage hike

    Commerce ministry acts to control prices amid minimum wage hike

    The Ministry of Commerce implemented two measures to tackle rising product prices following the minimum wage increase to 400 baht. Officials are closely monitoring clothing prices and urging businesses to maintain prices for essential goods in eight categories. Director-General of the Department of Internal Trade Wattanasak Sueaiam stated yesterday May 16 that the private sector is preparing to raise product…

  • Thailand NewsPhuket’s property pandemonium: Foreign buyers drive real estate prices sky high

    Phuket’s property pandemonium: Foreign buyers drive real estate prices sky high

    Phuket’s property market has been catapulted to unprecedented heights, with foreign interest igniting a buying spree sending prices soaring. Phattarachai Taweewong, director of Research and Communications at Colliers International (Thailand), revealed that the allure of owning a slice of paradise in Phuket has pushed land prices to astronomical levels, hitting as high as 25 to 100 million baht per rai.…

  • Business NewsAnticipated US interest rate cut to boost gold prices in May

    Anticipated US interest rate cut to boost gold prices in May

    Gold prices in the domestic market, which had earlier witnessed a surge to 34,550 baht (US$956) per baht-weight during the Lunar New Year, are anticipated to rise again in May. This forecast comes as traders expect the Federal Reserve to begin a cut in US interest rates, thereby potentially driving global prices to US$2,100 per ounce. Gold Traders Association (GTA)…

  • Economy NewsGold prices predicted to hit record highs by 2024, says MTS Gold

    Gold prices predicted to hit record highs by 2024, says MTS Gold

    MTS Gold, a local trader, predicted that gold prices are likely to skyrocket to new record levels of over 79,005 baht (US$2,300) per ounce and beyond 40,000 baht (US$1,164) per baht weight by this year. This forecast comes amidst anticipated adverse global economic situations. Kritcharat Hiranyasiri, the President of MTS Gold, explained that the anticipated decline in interest rates and…

  • Thailand NewsGold prices in Thailand take a slight dip today

    Gold prices in Thailand take a slight dip today

    Gold prices decreased today, according to the Gold Traders Association. The price of gold ornaments was adjusted to 34,100 baht (US$994) per baht-weight, a drop of 50 baht (US$1.46) compared to the final price on December 28. This adjustment was reflected in the latest data from the Association’s website at 9am today. The selling price for 96.5% gold bars in…

  • Business NewsGold prices could hit US,015 per ounce in near future, says GTA

    Gold prices could hit US$2,015 per ounce in near future, says GTA

    The Gold Traders Association (GTA) projected a potential rise in gold prices, possibly hitting US$2,015 (71,535 baht) per ounce in the near future. However, this trend may be interspersed with periods of market volatility. Yesterday morning, spot gold saw an increase of 0.4% to US$1,997.39, spurred by a dip in the US dollar and a fall in the benchmark US…

  • Thailand NewsVegtable prices soar in Yala’s Betong market as crops crumble as rainfall wreaks havoc

    Vegtable prices soar in Yala’s Betong market as crops crumble as rainfall wreaks havoc

    Fresh vegetable prices in the Betong municipal market in Yala have seen a dramatic increase due to inclement weather causing a decrease in production. The constant cold and rainfall have stunted vegetable growth and have led to disease that destroys the crops. This has caused substantial damage to the planting areas, leading to reduced yields and subsequent hikes in vegetable…

  • Business NewsThailand sees surge in airfares despite low travel season

    Thailand sees surge in airfares despite low travel season

    Airfares in Thailand witnessed a substantial increase in the third quarter of this year, despite it traditionally being a low season for travel. This surge was driven by a robust travel demand. Thai AirAsia, for instance, observed a 22% year-on-year rise in its airfares during this period, while Bangkok Airways’ rates saw a 15% hike. The average fare price for…

  • Business NewsCNG vehicle operators demand fuel price cut amid falling petrol costs

    CNG vehicle operators demand fuel price cut amid falling petrol costs

    Transport operators providing services with compressed natural gas (CNG) vehicles are pushing for a price cut in fuel from the government following a decrease in diesel and petrol prices, inclusive of a recent 2.5 baht per litre drop for Gasohol 91. A group of operators, including those of passenger vans, congregated in front of the Energy Ministry yesterday, November 2,…

  • Business NewsSugar prices clampdown: Thai Government enforces caps amid production cost hike

    Sugar prices clampdown: Thai Government enforces caps amid production cost hike

    The Thai government yesterday resolved to regulate sugar prices to lessen the burden on the public. The Minister of Commerce, Phumtham Wechayachai, expressed confidence that the move will not cause controversy with Brazil. Following the weekly cabinet session, Phumtham disclosed that the government had decided to set a limit on the ex-factory prices for granulated sugar at 19 baht per…

  • Thailand NewsBrewing trouble: Khon Kaen coffee shop brews up plea for sugar price control

    Brewing trouble: Khon Kaen coffee shop brews up plea for sugar price control

    A renowned coffee shop in Khon Kaen called on the government to regulate sugar prices. Having been in business for over two decades, the shop is now grappling with the highest sugar prices it has ever encountered. This has led to serious concerns about the survival of the establishment. Yesterday at 1pm, a reporter visited several beverage vendors in the…

  • Business NewsThai gold prices dip: Gold Traders Association confirms morning fall

    Thai gold prices dip: Gold Traders Association confirms morning fall

    The Gold Traders Association (GTA) announced a decline in gold prices on this morning, with standard gold selling for 33,400 baht per baht weight, reflecting a decrease of 100 baht compared to the closing price last Friday. The latest value of gold bars in Thailand today, October 16, is 32,800 baht per baht weight for buying and 32,900 baht for…

  • Thailand NewsPetrol prices to drop by 2.50 baht as new year gift, says Thailand’s Energy Minister

    Petrol prices to drop by 2.50 baht as new year gift, says Thailand’s Energy Minister

    The Deputy Prime Minister and Minister of Energy announced plans to reduce petrol prices by 2.50 baht per litre as a new year’s gift to the Thai people. The minister, Peeraphan Saleerathaviphak, also revealed the establishment of an official committee to investigate fuel pricing. Peeraphan revealed that the Ministry of Energy is considering ways to reduce petrol prices to help the…

  • Business NewsGold market rebounds amid weakening US labour market and dollar decline

    Gold market rebounds amid weakening US labour market and dollar decline

    The value of the gold market experienced a slight increase yesterday, reaching above US$1,820 per ounce. This followed an eight-day decline which was influenced by the high US bond yields and the strengthening dollar. The rise was a response to a weakening labour market in America. On yesterday morning, spot gold had risen by 0.3% to US$1,827 per ounce. This…

  • Business NewsFederal Reserve statements impact gold prices, Thai domestic rates soar

    Federal Reserve statements impact gold prices, Thai domestic rates soar

    Gold prices have been impacted by recent statements from the Federal Reserve, indicating possible rate increases this year and a likelihood of high rates throughout next year. This information, released on Wednesday, elevated the US dollar and bond yields, putting pressure on gold as investors revised their future price expectations for the precious metal. Consequently, Thursday saw a retreat in…