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Thursday, April 25, 2024

Inflation and instant noodles: How Indonesia and Thailand are trying to keep the humble carb affordable

Mr Ungkool’s shop opened in late 2021, during which the lifting of COVID-19 restrictions was already in progress.

Thailand’s main staple is rice but instant noodles are an essential pantry item for many because of cost.

“They have been around in Thai society for a long time. It’s a friend at the end of the month,” Mr Ungkool told CNA, referencing a Thai figure of speech, in which, for many, instant noodles might be the only affordable meal just before payday.

WAR AND WHEAT

The main ingredient of instant noodles is wheat, a commodity Ukraine produces heaps of. But millions of tons of wheat, along with other grains like corn and barley, have been stuck in Ukrainian ports because of a Russian blockade.

A recent deal brokered by Turkey will allow exports to resume, a move that many hope will bring down global grain prices, and by extension, food prices.

For Indonesia, the largest…

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