Philippines interested in importing more Thai cassava

Published 2022년 11월 4일

Tridge summary

Thailand's Department of Foreign Trade is accelerating the expansion of the cassava export market to the Philippines due to high demand for Thai cassava as an alternative raw material for animal feed production, following the conflict between Russia and Ukraine driving up prices of maize and other grains. A memorandum of understanding (MOU) signing event is set for November 6, 2022, in Nakhon Ratchasima to negotiate the sale and purchase of Thai cassava chips and pellets worth over 20 billion baht annually. The Philippines' feed industry has a high demand for Thai cassava, and in the first nine months of 2022, Thailand exported 8.73 million tons of cassava products, valued at 115,478.55 million baht, to the Philippines, its 8th largest trading partner.

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

Original content

Mr. Ronnarong Poonpipat, Director-General of the Department of Foreign Trade, revealed that the department has accelerated the expansion of the cassava export market to the Philippines as soon as possible. This is due to the demand for Thai cassava as an alternative raw material for animal feed production. Substitute for maize and other grains that have high prices as a result of the conflict between Russia and Ukraine. The Department has collaborated with the Department of International Trade Promotion. Coordinate with the Philippines Association of Feed Millers, Inc.: PAFMI to set up a memorandum of understanding (MOU) signing event to negotiate the sale and purchase of Thai cassava chips and pellets worth more than 20 billion baht each. year between the Northeastern Tapioca Producers Association Thai Tapioca Trade Association and Thai Tapioca Products Factory Association with the Philippines Feed Producers Association (PAFMI) on November 6, 2022 in Nakhon Ratchasima. Mr. Edwin ...

Source: Ththansettakij