The Internal Trade Department has dismissed reports by local media that instant noodle manufacturers are set to raise prices in line with higher production costs.
Wattanasak Sur-iam, director-general of the department, said it has regular discussions with instant noodle manufacturers, and they insisted they have increased only the wholesale prices of their products or lowered trade discounts offered to retail shops, not retail prices.
According to Mr Wattanasak, manufacturers said they were abiding by promises to cooperate with the Commerce Ministry to help cap the prices of their products to alleviate consumers’ hardship.
Regarding reports that fresh milk and condensed milk producers plan to raise their prices in March or April due to a sharp rise in production costs, especially tinplate, he said the department needed to…
