Sacks of sugar on display at a hypermarket (Photo: bangkokpost) The Thai Cabinet on November 14 approved the Cane and Sugar Board’s proposal to increase the retail price of sugar by 2 THB per kilogramme.
Initially, the board wanted to raise the price of sugar by 4 THB per kilogramme from the end of October to keep up with the rising global price, but the Cabinet put this on hold for two weeks by declaring sugar a controlled commodity.
Aswin Techajareonvikul, chief executive officer and president of Big C Retail Corporation, said on November 15 that Big C stores have adequate stocks of sugar and will continue to sell at the old price.
However, the retailer capped the buying limit of each household to 3 bags of 1kilogramme, which cost from 24-25 THB each.
The measure is to make sure that all families have access to sugar, he said, adding Big C has partnered with several sugar producers to prevent shortages or supply chain problems.
The operator of Lotus’s stores also said the company will maintain the old price of sugar but will limit each customer to 3-kilogramme bags per day to make sure that the stock is adequate for all clients.
Meanwhile, the operator of GO Wholesale, a wholesale centre for food entrepreneurs, said that a cap has been placed on the purchase of sugar, which is being sold at the old price.
Enterprises can buy up to 1 sack (25 kilogrammes) per day, while general customers can buy up to 5 bags of one kilogramme per day, it said./.
VNA
