The Federation of Thai Industries (FTI) has projected that Thai food exporters are likely to benefit from a global food shortage expected to intensify during the third and fourth quarters this year.
Thailand's food exports to China are likely to double in the second quarter, driven by a surge in demand in this market, according to the Thai Food Processors Association.
Thailand's public and private sectors, in cooperation with the Department of International Trade Promotion, the Thai Chamber of Commerce and Koelnmesse Company Limited of Germany, are organizing the annual THAIFEX - World of Food Asia, which opened on May 28.
Charoen Pokphand Foods (CPF) of Thailand and its subsidiaries have reported that their consolidated first-quarter net profit skyrocketed by 40 percent year on year to 4.279 billion baht (nearly 134 million USD) thanks to their pork business activities in Vietnam.
The Thai Ministry of Commerce will join hands with the private sector to hold THAIFEX-World of Food 2016 to promote Thai food and agricultural products.