January 18, 2024

Thailand may approve price increase of boxed milk

Thailand's Commerce Ministry is expected to consider and approve an increase in boxed milk prices if producers submit their requests for an adjustment, in line with higher raw milk production costs.

Chakra Yodmani, deputy director-general of the Internal Trade Department, said following the Milk Board's recent approval of raising the ex-factory median prices for raw cow's milk by ฿2.25 (US$0.06) per kilogramme to ฿22.75 (US$0.65) per kilogramme to help dairy farmers, the ministry is ready to comply with the price hike.

Chakra said the department will take up to 15 days to review and approve the price after receiving the request from entrepreneurs.

"Adjustments in milk prices will not be uniform, varying according to the proportion of raw milk used in each product, including UHT milk, pasteurised milk and sterilised milk. Plain milk is expected to have the highest price increase as it contains 100% raw milk," he said. "This adjustment is expected to affect the retail prices of dairy products by an average of 40-50 satang per box for a standard 225-millilitre package."

- Bangkok Post