Shrinking global demand and intensifying competition are the main reasons for the 58 bln baht expected drop in Thai food exports in 2009.
FIT’s Food Industry Club chairman Paiboon Ponsuwanna says that food exports are expected to drop from 778 bln baht in 2008 to 720 bln baht in 2009.
He emphasises that the private sector must ensure greater closer cooperation to find solutions for exporters, enabling them to sell products matching production capacity and meeting rising food standards.
Thailand’s top 5 exports remain rice, frozen and processed shrimp, canned tuna, processed chicken and sugar. Global demand for food remains regardless of the world economy, he says, adding that “the time is ripe to accelerate improving and developing Thailand’s food quality across the entire system.