According to Thailand's World Daily on October 20, the head of Thailand's food company's marketing department said that the impact of exchange rate fluctuations led to higher steel costs, which in turn affected canned costs by 20-30%.

 

 

 

Suwey pointed out that although production costs have risen, canned fish trading companies have been unable to raise prices because of commodities at the Ministry of Commerce's regulated prices. The producer has already submitted a report to the Ministry of Commerce to apply for raising the retail price, but it has not been approved.

 

 

 

In addition, the current increase in the Thai baht exchange rate, on the surface, the cost of steel prices are relatively low, but in fact canned fish manufacturers still have to bear the burden of the original packaging costs.

 

 

 

Suwei said canned food companies in China have been continuing to study ways to reduce packaging costs, as well as market competition, market situation and consumer trends, and found that the total value of the current canned fish market is about 4 billion baht, but is in a downward trend, due to rising cost and price trends, including packaging costs. And raw material cost.