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    Home > Food News > Food Articles > Thai canned food makers plan to raise prices as costs soar

    Thai canned food makers plan to raise prices as costs soar

    • Last Update: 2022-04-19
    • Source: Internet
    • Author: User
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    According to Thai media on March 26, the honorary president of the Thai Ready-to-eat Food Manufacturers Association revealed that canned and processed food manufacturers are currently preparing to apply for the first price increase in two years, with an average increase of 7%-32%
    .
    Among them, it is divided into canned vegetables and fruits, with an increase of 19%-32%; and canned fish is a controlled commodity, and each company must apply for a license from the Department of Domestic Trade of Thailand, and the adjusted increase is expected to be 7%-16%
    .
     
    The reason for the price increase is the sharp increase in production costs, including increased costs of raw materials, agricultural products, and packaging
    .
    Packaging costs have the most serious impact
    .
    In the past, the iron sheets used in the production of canned food in Thailand were mainly imported from Asian countries and regions
    .
    Steel prices rose after China cut production
    .
    The current conflict between Russia and Ukraine has led to the suspension of Russian steel exports, and Europe and North America have turned to imports from Asian manufacturers, further pushing up steel prices
    .
    At the same time, various other costs have increased
    .
    Ready-to-eat canned food production
     
      The reason for the price increase is the sharp increase in production costs, including increased costs of raw materials, agricultural products, and packaging
    .
    Packaging costs have the most serious impact
    .
    In the past, the iron sheets used in the production of canned food in Thailand were mainly imported from Asian countries and regions
    .
    Steel prices rose after China cut production
    .
    The current conflict between Russia and Ukraine has led to the suspension of Russian steel exports, and Europe and North America have turned to imports from Asian manufacturers, further pushing up steel prices
    .
    At the same time, various other costs have increased
    .
    price
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