Govt reins in prices of flood-related products

Published: 31/10/2011 at 06:12 PM
Online news: News

The government has announced recommended prices for flood-related products to prevent hoarding and profiteering, Deputy Commerce Minister Phum Saraphol said on Monday.

"After the Commerce Ministry added flood-related products to its price-control list, the Department of Internal Trade hasa set recommended prices for them....to prevent people from hoarding," Mr Phum said.

He said the suggested price for of a 600cc bottle of drinking water was no more than seven baht, a 750cc bottle no more than nine baht and 1.5 litres no more than 14 baht.

Villagers run to receive drinking water packs dropped from a helicopter in Ayutthaya on Oct 12, 2011. (Photo by Pattanapong Hirunard)

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nui
Post : 180
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Discussion 10 : 01/11/2011 at 02:47 AM10
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Where do these people live? The shelves and warehouses are empty in many cities upcountry, because no transport possible or no production. No one follows Deputy Commerce Minister Saraphols recommended price structure. Only talking, talking and talking but no action. People become increasingly angry, everywhere.
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foreigner

Discussion 9 : 01/11/2011 at 01:57 AM9
the gobernment received so many bottled water from all over. even the cats and dogs have water to drink. we are the consumers and we are human being but we unable to buy water to drink. want us to drink TAP WATER or OUR OWN URINE
from iPhone application.
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john49
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Discussion 8 : 31/10/2011 at 09:41 PM8
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Good to try and get these profiteers but whose going to enforce these prices??

When the people are at their lowest you can always find someone to push them down lower.

Is this called Thais helping Thais??
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wantmyony
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Discussion 7 : 31/10/2011 at 09:28 PM7
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In market economy is difficult to price control over a wide area. The best method to keep prices down during emergency is to flood the shops and supermarket with cheap priced government released stocks. Some countries have government distribution network so it can set the prices that other sellers will have to follow or risk losing customers. As customers will be given wider choices, prices will remain stable as no manufacturer would want to rise prices for fearing losing market share.
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nowayout
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Discussion 6 : 31/10/2011 at 09:06 PM6
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Yesterday bought 10 eggs at Food Land for 75 baht.
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drsmith
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Discussion 5 : 31/10/2011 at 06:51 PM5
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Rangsit Klong 12-13 Market they were selling eggs this morning for 150 baht a dozen, that doesn't sound like 3 baht each to me?
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balex
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Discussion 4 : 31/10/2011 at 06:49 PM4
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"Eggs are presently priced about three baht each." Don't belive This. This week in Hua Hin eggs are for 6 to 8 baht each, Even Hua Hin is not flooded( Oh sorry flooded With peoples)
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foreigner

Discussion 3 : 31/10/2011 at 06:39 PM3
Bangna-here bottled water selling 20baht
where is yr guarantee? where is yr promise? where is your action?
5000baht for flooded home?? lol lol lol
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steveyinasia
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Discussion 2 : 31/10/2011 at 06:27 PM2
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These laws will be policed the same as all other laws, BIB taking money from store holders taking money from poor people. In order to enforce the law you need a law enforcement agency that is not only interested in extortion....cannot see that agency here in Thailand.
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hawaiiman
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Discussion 1 : 31/10/2011 at 05:36 PM1
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A friend from BKK told my wife that seven raised price of bottled water about 400%.
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Govt reins in prices of flood-related products | Bangkok Post: business