Food exports expected to grow no less than 5% this year

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BANGKOK, 9 June 2014 – The Ministry of Industry says food exports will expand by at least 5 percent this year. 

According to the National Food Institute (NFI), Ministry of Industry, Thailand would see a 5 percent growth in its food exports, with a combined value of 970 billion baht. It explained that in the first half of 2014, the growth would only be between 2 and 3 percent, but would start to pick up in the latter half. By the end of the year, the growth figure should reach 5 percent as expected.

The NFI further revealed that the largest market of Thai food exports is ASEAN, followed by Japan, while the value of food exported to these markets each year amounts to 300 billion and 140 billion baht respectively.