reader Posted August 24, 2022 Posted August 24, 2022 From Channel News Asia BANGKOK: Thailand will raise the price of Thai instant noodles, the trade department said on Wednesday (Aug 24), marking the first price increase on the must-have daily staple in 14 years. The internal trade department confirmed to AFP that it would approve an increase to 7 baht per regular-sized packet, effective from Aug 25. "We are facing rising commodity prices, oil prices for export," explained Veera Naphaprukchart from Thai Preserved Food, part of popular brand Wai Wai. The price of wheat flour rose roughly 20 per cent to 30 per cent and the price of palm oil had doubled, he said. Veera blamed rising costs on Russia's invasion of Ukraine, which was a major supplier of wheat to the kingdom prior to the conflict. Quote
