June 16, 2010

Thailand's meat exports have risen by 31.61% on-year in the first quarter of 2010 to US$44.38 billion, reports commerce minister Porntiva Nakasai.

The minister added that the current upward trend is expected to maintain its momentum in Q2 by 35%, with exports targeted to grow by 14% to US$173 billion.

Ajva Taulananda, Charoen Pokphand (CP) Group's vice chairman, says that despite the recent domestic political unrest and the European debt crisis, purchase orders for Thai goods from the US, Japan and the EU are expanding and would grow by 10% this year.

While other markets, particularly China and India, are also expanding in shipments of farm products and industrial goods, this would also see the expansion of CP Group's revenue to about 600 billion baht (US$18.52 billion) this year.