Thailand's fresh food prices are soaring, and the impact of rising global energy costs is becoming increasingly evident. The Commerce Ministry's data reveals a clear upward trend in both agricultural and consumer goods, with fresh protein products leading the charge. This surge in prices is primarily attributed to the volatility in energy prices, particularly those linked to tensions in the Middle East. The most noticeable change is the steady climb in fresh chicken prices since early March, with drumsticks and thigh prices now ranging from 92-95 baht and 95-100 baht per kg, respectively. Pork prices have followed a similar trajectory, with untrimmed pork leg cuts reaching 140-150 baht per kg. Even eggs have become more expensive, with popular size-three eggs costing 3.90-4 baht each. Vegetable prices, however, have remained relatively stable, with kale and Chinese morning glory priced at around 35-40 baht per kg, and coriander at 90-100 baht. But limes have surged sharply due to seasonal factors, with prices rising from 3-4 baht per fruit in March to 6-8 baht as hot weather reduced supply. The Office of Trade Policy and Strategy (TPSO) highlights a clear pattern of increases in modern trade retail prices, particularly in meat products, partly due to tightening supply. Egg prices rose by 9.9% from 121 baht to 133 baht per tray, marking one of the sharper adjustments among essential goods. Pork prices increased across all categories, with notable rises in pork loin and tenderloin. Other cuts saw even steeper increases, with pork shoulder and trimmed tenderloin experiencing significant hikes. Overall, pork prices rose between 3% and 12.6%, with processed and value-added cuts seeing the largest increases. In contrast, some consumer goods have not yet seen direct price hikes, as intense competition has pushed manufacturers to rely on promotions instead. For example, 1-litre of vegetable oil is now typically discounted to 48-50 baht, closer to its full price of 50 baht. Shampoo products continue to retail at between 99 baht and 179 baht under standard promotional campaigns. The Producer Price Index (PPI) is expected to rise and remain volatile in the second quarter of 2026, with energy prices and exchange rate movements driving production costs higher. Despite these pressures, some producers have not fully passed on cost increases due to weak purchasing power and strong competition. The Central Committee on Prices of Goods and Services is reviewing requests from businesses seeking to raise prices on three key items: bottled palm oil, shampoo, and soap. The authorities are assessing these requests based on cost structures, with decisions expected within 15 days. While no price increases have been authorized yet, the direction is clear, as cost pressures continue to build across the supply chain. This situation raises concerns about the broader impact on household goods and the overall economic stability of Thailand.
