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Thai gov’t sees growth potential in food industry

The Thai Commerce Ministry has said that the government has a policy to boost the Thai food industry as it sees growth potential in the sector.
The Thai Commerce Ministry has said that the government has a policy toboost the Thai food industry as it sees growth potential in the sector.

Ina speech delivered at a recent food fair held in suburban Bangkok,Deputy Commerce Minister Yanyong Phuangrach said the government is keenon pushing the Thai food industry forward, as it is the main industrythat drives the country's economic growth.

According to him, thevalue of Thailand's food trade each year is estimated at around 2trillion THB, 1 trillion of which comes from exports and the othertrillion from domestic consumption.

The government is also keen on making Thailand the world’s kitchen, he added.

The deputy minister expected that prices of food products willincrease next year due to the decrease in raw materials and food supplycaused by natural disasters.

However, Yanyong said the government will not let the increasing food prices affect the country’s consumption.-VNA
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