Edible oil processors told to maintain retail prices

Quick Summary:

The Commerce Ministry has urged edible oil processors not to raise retail prices as there are no factors affecting production costs.

This association and the Palm Oil Refinery Association have pledged to cooperate with the government's efforts, agreeing to suspend exports and work together to stabilise prices.

Any misconduct, which includes overpricing, hoarding or refusing to sell such products, is considered an offence under the Price of Goods and Services Act of 1999.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Palm Price Production Department Soybean Retail Prices Association Consumers Commerce Ministry

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-04 @ 08:13:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 314 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 23386930

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 9 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 5 hours ago

Coverage Areas: Thailand

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #66

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