Friday, August 18, 2017 - 12:10:49

Thai gov’t sees growth potential in food industry

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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.

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

According to him, the value of Thailand's food trade each year is estimated at around 2 trillion THB, 1 trillion of which comes from exports and the other trillion 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 will increase next year due to the decrease in raw materials and food supply caused 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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