No threat of Thai food shortage, insists Jurin

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No threat of Thai food shortage, insists Jurin

The country is unlikely to impose export bans

Mr. Jurin, center, presides over the opening ceremony of THAIFEX-ANUGA ASIA 2022.

Although the Russian-Ukrainian war has many countries worried about food security, leading to export bans to ensure domestic supplies, government and business groups insist Thailand is not at risk of shortage.

Commerce Minister Jurin Laksanawisit, presiding over the opening ceremony of the 2022 THAIFEX-ANUGA ASIA Expo, said Thailand has abundant food reserves.

In fact, he said the timing provides a good opportunity to showcase Thailand as a global hub for quality agricultural and food products, helping to increase food-related shipments.

In recent days, many Asian countries have curbed shipments of their agricultural products to protect their consumers from soaring prices. Malaysia banned poultry exports, while India restricted sugar exports for the first time in six years to prevent a spike in domestic prices and asked traders to get permission to sell the sweetener abroad from June 1 to October 31.

Jurin said the Commerce Ministry was closely monitoring national stocks of essential food items to ensure sufficient quantities. The ministry also plans to promote exports of items that exceed Thai demand.

The food and beverage industry plays a vital role in the Thai economy. Thailand is the 13th largest exporter of food products with a market share of 2.3% and the fourth in Asia.

Despite the wide range of international trade constraints caused by the global pandemic, Thailand’s food and beverage sector exports were worth more than 286 billion baht in the first quarter of 2022, growing 28.8% year-on-year.

Prasit Boondoungprasert, managing director of Charoen Pokphand Foods (CPF), said food export bans were unlikely in Thailand because the country has overcapacity for many food products.

“This period offers a great opportunity for the country to propel the Thai food brand into the global market,” he said.

“With growing concerns about a food crisis, many food-importing countries have returned to buy food from Thailand. Thailand should step up its strategy to boost Thailand’s image of food security and as a major food producer. in Asia”.

According to Prasit, after the Malaysian government banned poultry exports on May 24, Singapore was the first country to approach CPF to buy chicken. The company is ready to export poultry products as there is a surplus of chicken production of about 60 to 70 percent in Thailand, he said.

However, Mr Prasit warned that for the rest of the year there were still significant risks due to limited supplies of raw materials such as fertilizers and maize, the ongoing war in Ukraine and new diseases in humans and animals.

Visit Limlurcha, honorary president of the Thai Association of Food Processors, said Thailand does not care about food safety, although prices for some food items have become more expensive due to rising raw material costs .

Mr. Visit ruled out the possibility of food shortages, as imports account for only 25% of the raw materials used in production.

“Thaifex’s bustling food expo is expected to attract a healthy crowd of attendees and visitors,” he said.

“With the pandemic and the Russian-Ukrainian war leading to an increase in food demand around the world, we should seize this opportunity to boost our exports.”

The Department for the Promotion of International Trade, the Thai Chamber of Commerce and Koelnmesse Germany organized the exhibition, Asia’s most comprehensive international food and beverage exhibition, with a physical and virtual format allocated for this week. .

The physical trade show runs from May 24-28 at Challenger Hall 1-3 and IEC Hall 5-10 at Impact Muang Thong Thani.

The exhibition is expected to welcome 75,000 visitors, while more than 3,500 online visitors are expected at www.thaifex-vts.com.

The event is expected to generate total purchase orders of 10 billion baht, with the physical event registering 9.55 billion baht.

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