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Thailand aims to raise earnings from food exports

Thailand is aiming to earn more revenue from the sale of food in the world market this year.
Thailand aims to raise earnings from food exports ảnh 1Mangosteen on sale at a Thai market (Source: www.fruitnet.com)

Hanoi (VNA) - Thailand is aiming to earn more revenue from the sale of food in the world market this year.

Wisit Limluecha, head of the Federation of Thai Industries' food industry division, said that Thailand is forecast to export 1.08 trillion THB (about 31.76 billion USD) worth of raw and processed food throughout this year, representing an 8-percent increase from last year.

Of those exports, the volume of processed food will increase while that of raw food will decline, according to the FTI.

The prices of processed food bound for export will likely increase while their qualities will be enhanced as well and upgraded to meet foreign markets’ demands.

Thailand currently ranks 14th among the world's largest food exporters and would rise to the top 10 in foreseeable future.  

Meanwhile, the country's Office of Industrial Economics is currently drafting a master plan for food industry development with focus on processed food for export.-VNA

VNA
#Thailand#sale of food#world market#Federation of Thai Industries#food industry#raw food#foreign markets’ demands#vietnamplus#Vietnam News Agency
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