Thai Commerce Min happy with retail price slash by manufacturers
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Commerce minister Apiradi Tantaraporn expressed his satisfaction after going on an inspection of prices of goods at several markets. After the inspection, she said the prices of vegetarian food have not been raised up too high this year, and the public could still afford to make purchases.
She disclosed that 23 product manufacturers have notified the ministry that they have lowered the prices of 244 items, following the decrease of oil prices.
Out of the listed items, 108 are in the food and beverages category, 35 items are construction materials, and 101 items in the lubricants category.
The retail price cut for food and drinks will be between 1-56 baht, she said.
Questions & Answers
Q.Which product categories have seen price reductions from manufacturers?
Which product categories have seen price reductions from manufacturers?
The manufacturers have reduced prices for items across three main categories: food and beverages, construction materials, and lubricants. These categories account for all 244 items affected by the price changes.
Q.What is the expected price reduction range for food and drinks items?
What is the expected price reduction range for food and drinks items?
Consumers can expect to see price cuts for food and drinks ranging from 1 baht to 56 baht. This specific range applies only to the 108 items within the food and beverages category.
Q.How many manufacturers are involved in these price reductions?
How many manufacturers are involved in these price reductions?
Twenty-three product manufacturers have officially notified the Commerce Ministry of their decision to lower prices. These companies are responsible for the price adjustments across the 244 listed items.