Commerce ministry aims to boost food exports by 10 per cent in 2023 as quality improves
As the international food trade converged on Bangkok for Thaifex Thailand’s Commerce minister Jurin Laksanawisit said the country’s food exports were set to jump in 2023.
According to a report from the Bangkok Post, Laksanawisit said the Commerce Ministry wants to grow food exports by 10 per cent this year and has forecast export value to reach Thb1.55 trillion this year, up from Thb 1.36 trillion in 2022.
“This year, Thai food exports, including agricultural products and various cash crops, are expected to fare quite well, with decent prices,” said Laksanawisit.
“This year, Thai food exports, including agricultural products and various cash crops, are expected to fare quite well, with decent prices.”
According to a joint report by the Thai Chamber of Commerce, the Federation of Thai Industries and the National Food Institute, food exports were already on track to reach this target reaching Thb346bn in the first quarter of 2023, up by 10 per cent year-on-year.
Fresh fruit is one of the categories that has driven this growth other factors influencing the rise include increasing demand for Thai products on the global market, increasing quality and the end of China’s Covid-Zero policy.