DEP expects food export growth to break 8% target

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BANGKOK, 21 April 2011  – The Department of Export Promotion (DEP) has estimated that this year’s food export will grow more than the target of 8 percent due to higher trade value resulting from the rocketing global demand. 

According to DEP Director-General Nantawan Sakuntanak, Thailand’s food export for 2011 has a tendency to expand from last year’s worth of 22 billion USD by more than the initially projected 8 percent. Despite this year’s slight increase in export volume, she pointed out that the overflowing demand for food worldwide plus unpredictable productivity caused by the volatile climate had given Thai food products better prices without affecting the sales.

Meanwhile, Ms Nantawan announced that the DEP would coordinate with the Thai Chamber of Commerce and Kölnmesse on the organization of THAIFEX – World of Food Asia 2011 during 25-29 May at IMPACT Muang Thong Thani. The trade value within the fair is expected to be at least 3 billion THB, surpassing that of last year, while about 1,000 companies, both from Thailand and abroad, will display their products in 2,600 booths.