3 organizations confident that food exports in the year 2020 surpass 1 trillion baht

Published 2020년 8월 14일

Tridge summary

The Thai food industry experienced an 8.6% production drop in the first half of 2020 due to COVID-19 lockdown measures. Despite this, exports were slightly down by 2.0% to 505,584 million baht, with processed food products expanding slightly while agricultural raw materials contracted by 3.7%. However, exports are expected to turn positive in the second half of the year, reaching approximately 519,416 million baht, or a 3.6% increase. Overall, food exports for 2020 are projected to be worth 1,025 baht, a 0.8% increase from the previous year. The main products expected to increase in export value are canned tuna, chicken, seasoning, and ready-to-eat food, while rice, sugar, starch, tapioca, shrimp, and coconut are expected to decline in value as economic activities recover and retail channels expand.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Journalists reported (14 Aug 63) that 3 economic organizations in agriculture and food. Consists of the Food Institute Federation of Thai Industries And the Chamber of Commerce of Thailand announced the overview of the Thai food industry in the first half of 2020, indicating that the production of the Thai food industry fell 8.6 percent, the export value was 505,584 million baht, a slight decline of 2.0 percent. From the situation of the COVID-19 epidemic The group of processed food products expanded (+ 0.1%), while agricultural raw materials contracted (-3.7%). Thai food exports in the second half of the year are expected to turn to positive. Expected to have a value of approximately 519,416 million baht, an increase of 3.6 percent. Estimates that if economic activities gradually recover The baht is weak and volatile. And raw material shortages are likely to decline due to the drought that has eased. Overall, in 2020, food exports will be worth 1,025 billion baht, an increase of ...

Source: Ththansettakij