Prices of consumer goods to be fixed for another 4 months

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BANGKOK, 13 May 2012  – Major consumer goods distributors will be requested to peg prices of their products for 4 months.

According to Director-General of the Department of Internal Trade (DIT) Vatcharee Vimuktayon, Commerce Minister Boonsong Teriyapirom will on Tuesday summon more than 200 consumer product manufacturers and distributors to acknowledge the government’s policy of pegging prices of necessary goods for 4 consecutive months.

The DIT director-general is of an opinion that the government will receive full cooperation as it is providing relief measures to maintain production costs for private manufacturers regarding fuel prices and the 300 baht minimum wage. According to Mrs. Vatcharee, Saha Pathanapibul PLC, Thailand’s leading consumer goods distributor, has also assured that prices of its products can be stabilized until Q2-Q3.

Some modern trade stores have increased product entrance fees, rebate percentage, and advertising rate paid by their partner suppliers which will eventually impact prices of ready-to-eat products. In response, Mrs. Vatcharee said appropriate solutions to the mater will be sought in the meeting of the subcommittee overseeing ready-to-eat foods, chaired by Commerce Permanent Secretary Yanyong Puangraj.