Strong growth agribusiness Thailand foreseen

Agriculture has been consistently contributing an average of 11 percent to the country's GDP. The main contributors are rice, sugar and livestock industries which are highly export-oriented.  Business Monitor International (BMI) continues to foresee strong growth in these industries on the back of strong private investment.

Poultry Production to 2014/15: 35.6 percent. BMI expects most of the production growth to stem from increased private investment in the sector. Increased trading links with the region for example through the ASEAN Free Trade Area should also boost production of poultry and other livestock of which Thailand is already a major exporter of.

Charoen Pokphand Foods (CPF) is to expand operations rapidly in emerging markets. Main markets it is targeting are India, Russia and Turkey. It has also reportedly set aside some US$199 million for overseas investment in 2011. Read more ...

This blog is written by Martin Little The Global Miller, published and supported by the GFMT Magazine from Perendale Publishers.