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Noodle makers ask to increase prices after 14-years in Thailand pittsburghstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pittsburghstar.com Daily Mail and Mail on Sunday newspapers.
Commerce Minister Jurin Laksanawisit has ordered the Internal Trade Department to consider the request of makers of the five largest instant noodle brands to allow them to raise their prices in line with soaring production costs. ....
Multiple instant noodle makers have asked Thailand's government this week to allow them to charge more for their products in order to cover rising costs, potentially paving the way for the first price increase in the staple in 14 years.
Thai law regulates the price of instant noodles and other staples. According to Reuters, five noodle brands, including Wai Wai, Mama, and Japan's Nisshin, have requested approval from the Commerce Ministry to raise their prices from 6 baht ($0.17) to 8 baht ($0.23). ....