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Instant noodle makers have asked Thailand to allow them to increase their prices to meet rising costs

Commerce Minister Jurin Laksanawisit has ordered the Internal Trade Department to consider the request of makers of the five largest instant noodle brands to allow them to raise their prices in line with soaring production costs.

Plea to government, which controls prices on some essentials, to allow rise as war in Ukraine and extreme weather drive up costs

Multiple instant noodle makers have asked Thailand's government this week to allow them to charge more for their products in order to cover rising costs, potentially paving the way for the first price increase in the staple in 14 years. Thai law regulates the price of instant noodles and other staples. According to Reuters, five noodle brands, including Wai Wai, Mama, and Japan's Nisshin, have requested approval from the Commerce Ministry to raise their prices from 6 baht ($0.17) to 8 baht ($0.23).

Manufacturers of the five largest instant noodle brands -- Mama, Wai Wai, Yum Yum, Nissin and Suesat -- for the first time in their half-century of the establishment have joined forces to call on the Commerce Ministry to allow them to raise their prices in line with soaring production costs within one week.