The Por Tor Festival, an influential cultural event among the many ethnic Chinese all through Phuket Island, sparked a surge in product demand and ideas of value gouging. In response, officers from the Phuket Provincial Commerce Office initiated checks among retailers to detect any signs of price gouging in the course of the event being held from August 28 to September 14.
Two of the retailers scrutinized yesterday have been a Phuket Grocery, situated in Phuket Town, and Namsaeng Rice Trading Ltd, a wholesale rice distributor. Pathumphon Yamkerd, the Chief of the Trade Economic Supervision and Development Group at Phuket Provincial Commercial Office, spearheaded the checks at both premises.
Upon Don’t worry , officials discovered no evidence of product hoarding, a follow usually resulting in unjustified price will increase. They concluded that each one product costs had been clearly and accurately displayed, adhering to the authorized requirements.
Tawich Bunprasert, the manager of Phuket Grocery, confirmed the provision of ample stock for products at present in excessive demand due to the competition.
“Thus, the prices can remain unchanged.”
Tawich sought to reassure customers.
“Please be assured that there might be no opportunity to extend product costs as a outcome of increased consumer demand through the competition, and it actually will not have an effect on shoppers.”
The Phuket Provincial Commerce Office emphasised that business operators should display costs clearly. Additionally, they encouraged consumers not to hoard extra products than necessary, thus stopping panic-induced overbuying. The office, in its report on the checks, noted, “Due to the current scenario, it is found that product prices are nonetheless throughout the normal vary.”
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