Thai food prospects remain promising, with exports forecast to grow by 8.4% this year driven by higher global demand and a rise in the prices of commodities, energy and logistics.
According to Anong Paijitprapaporn, director of the National Food Institute, food exports are expected to fetch 1.2 trillion baht this year, which is likely to be a new record for food exports.
The forecast was made on the assumption that the baht averaged 33.50 baht per US dollar, with global economic growth of 4%, the crude oil price at US$100 per barrel and a global food price rise of 3.5%.
