BANGKOK, 28 May 2012 – The Commerce Permanent Secretary has insisted that the higher product prices at present are not inordinate, while expecting that the ready-to-eat meal price control scheme will be ready within two weeks.
Commerce Permanent Secretary Yanyong Phuangrach has disclosed that the recent 2-4% increase in product prices is the consequence of last year’s devastating flood combined with the poor economic situation at present. Thus, the Ministry is closely monitoring product prices from their origins to retail shops in order to prevent excessive pricing.
Meanwhile, Mr. Yanyong said that the price control scheme of ready-to-eat food should be finalized within the next two weeks. The plan will be discussed among the Subcommittee in charge of ready-to-eat meal prices before being submitted to the Deputy Prime Minister and Minister of Finance, Mr. Kittiratt Na Ranong, for approval.
