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Thai Instant Noodle Makers Allowed to Hike Prices as Costs Surge

  • Producers get green light on first prices increases since 2008
  • Price of basic noodle packs to go up by 1 baht, officials say

Thailand gave the green light to instant noodle makers to raise retail prices for the first time in 14 years, yielding to demands from local producers battling a surge in raw-material costs.

Thai President Foods Pcl, Thai Preserved Food Factory Co. and Wan Thai Foods Industry are the three companies permitted to rise the price of a basic pack by not more than 1 baht (4 cents), from the current 6 baht. The petition by an affiliate of Japan’s Nissin Foods Holdings Co. remains under consideration.