Will wage hike in Phuket affect fish prices?

Minimum wage rises may not have a major impact on the wholesale price of seafood, which will continue to fluctuate due to a number of economic and seasonal factors, Phuket fishery industry representatives have said.

Wiroj Wasinwasukul, the manager of the Por Pichai Fishing Port in Rassada, was insistent that wholesale seafood prices will not rise specifically because of wage hikes.

“The fluctuation in seafood prices does not directly depend on [fishermen] wages, but is related to the quantity of marine life caught in addition to the demand by customers,” he said.

Representing an increase of at least 40 per cent from current wages, the new daily rate of 300 baht is set to be launched across all sectors in Phuket and the Bangkok metropolitan area starting in the first half of next year.

Click here to read the rest of the story from the Phuket Gazette > 

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