World

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 Thailand
Follow VietnamPlus

Related News

Thailand Trade Exhibition opens in Hanoi

Thailand Trade Exhibition opens in Hanoi

Thailand’s food, home appliance, garment, decor, auto parts and electronic devices are being exhibited at nearly 165 booths during the Thailand Trade Exhibition-Thai Week 2015, opening on August 13.
Thailand strives to become leading world food exporter

Thailand strives to become leading world food exporter

The Thai Government will revive the “Kitchen of the World” campaign with the aim of becoming a major food exporter in the world, expanding food startups and increasing support to Thai restaurants overseas, as the country is striving to raise food exports to contribute more than 6 percent of its GDP.

See more

Indonesia launches 37 energy projects (Photo: Tempo.co)

Indonesia launches 37 energy projects

Indonesian President Prabowo Subianto kicked off 37 strategic projects related to the construction of power plants on January 20 as the country is on track to achieve energy self-sufficiency.

Logo of the Asean National Police (ASEANAPOL) (Photo: ASEANAPOL)

ASEANAPOL enhances crackdown on scam call centres

The Asean National Police (ASEANAPOL) will prioritise the elimination of scam call centres linked to trafficking in persons and forced criminal activities as part of its regional action plan this year, Director for Plans and Programmes of the ASEANAPOL Secretariat Police Senior Lieutenant-Colonel Nguyen Huu Ngoc has said.

The Earthquake Observation Division of Thailand marks the epicentre of the 3.4-magnitude quake on Google Maps in Pai district of Mae Hong Son at 11.57 pm on January 19. (Photo: Bangkok Post)

Continuous earthquakes shake northern Thailand

The Earthquake Observation Division of the Thai Meteorological Department said 15 quakes Wiang Nuea tambon, Pai district in Thailand's northern province of Mae Hong Son from 9.56pm on January 19 to 3.46pm on January 20.

Thai Prime Minister Paetongtarn Shinawatra at a recent press conference (Photo: VNA)

Thailand eyes cryptocurrency to boost economy

Thai Prime Minister Paetongtarn Shinawatra has announced the government’s decision to allow the use of payment products and services through digital assets in storage areas in Phuket, a popular island destination in the country.

Malaysia, EU resume FTA negotiations

Malaysia, EU resume FTA negotiations

President of the European Commission (EC) Ursula von der Leyen and Malaysian Prime Minister Anwar Ibrahim on January 20 announced the resumption of negotiations for an ambitious, modern, and balanced EU – Malaysia free trade agreement (FTA).

Prime Minister Pham Minh Chinh (L) is welcomed by Czech Prime Minister Petr Fiala in Prague on January 20. (Photo: VNA)

Czech media covers PM Pham Minh Chinh’s official visit

The Czech media has highlighted the visit of Vietnamese Prime Minister Pham Minh Chinh, particularly the elevation of the bilateral relations to a Strategic Partnership, which is expected to open up opportunities for the two countries to strengthen cooperation in economy, trade, and other fields.

Secretary-General of Malaysia’s Tourism, Arts and Culture Ministry Datuk Roslan Abdul Rahman (Photo: Bernama)

Australia to become ASEAN tourism partner

ASEAN tourism ministers have unanimously agreed to establish the ASEAN-Australia Tourism Ministers’ Meeting, a new initiative aimed at fostering deeper collaboration in the tourism sector.

Economist warns Indonesia's 2025 budget deficit could widen due to free meal programme. (Photo: en.tempo.co)

Indonesia’s deficit can surpass target

Samuel Sekuritas Indonesia's senior economist Fithra Faisal Hastiadi has cautioned that President Prabowo Subianto's priority programme for providing free nutritious meals can significantly widen the country's 2025 budget deficit.

A port in Bangkok, Thailand. (Photo: AFP/VNA)

Thailand to have first FTA with Europe’s trade bloc

A free trade agreement between Thailand the European Free Trade Association (EFTA), including Switzerland, Norway, Iceland and Liechtenstein, will be signed in Davos on January 23, becoming the first pact of its kind between the Southeast Asian country and the trade bloc.

A foreign beggar in the Asok-Nana area (Photo: bangkokpost)

Thai MP raises alarm over beggars exploiting children

A Thai member of Parliament (MP) is calling on the government to address the growing issue of foreign beggars in the Asok-Nana area, particularly those who bring children with them to increase their earnings.