CP Group halts price increases

He also urged the Commerce Ministry, which is keeping prices down for the public benefits, to ensure fairness to farmers and manufacturers. He noted that a price halt should not run against the market mechanism.

 "I agreed with the prime minister's suggestion that consumers switch from pricey pork to chicken. Lower consumption would make pork cheaper. However, at the suggested pork price of Bt98 per kg, it could be below the cost as raw material prices have been raised," he told reporters at the meeting on Tuesday.

 Jakchai Nutprayoon, senior vice-president of CPF Trading Co Ltd, said the company is ready to halt product price increases by another 3-6 months.

 CP Meiji will also follow the government's request despite higher costs.

- The Nation