BANGKOK, Dec 18 – The Commerce Ministry has endorsed an agreement for distribution of Thai agricultural produce through Tesco, the British hypermarket chain in Thailand, in an attempt to help farmers and solve the problem of oversupply.
A memorandum of understanding (MoU) between the ministry and the giant supermarket called for collaboration in the purchase and export of Thai agricultural produce, merchandise from the government-initiated One Tambon One Product (OTOP) scheme and commodities of cooperatives in Thailand.
The Internal Trade Department and Tesco will work closely in distributing at least 120,000 tonnes of fruit and vegetables through Tesco’s outlets nationwide next year, a 45 per cent increase from this year.
Tesco will also promote the export of Thai products including fruit, vegetables, processed foods, OTOP and cooperatives’ products to the United Kingdom, Central Europe and Asia.
Exports to China will be increased by 15 per cent, or at a total value of Bt15 billion.