Thai Food Firm Eyes Investment in Philippines

by 5m Editor
8 November 2010, at 9:18am

PHILIPPINES - On a recent visit, top officials of Charoen Pokphand Foods (CPF) indicated their company's interest in investing in feed, poultry and pig production in the Philippines.

Agriculture Secretary Proceso J. Alcala has thanked Thailand Ambassador to the Philippines, Kulkumut Singhara Na Ayudhaya, during the latter's recent courtesy call at the Department of Agriculture (DA) central office in Quezon City.

According to a government press release, Ambassador Ayudhaya had been joined by top officials of Charoen Pokphand Foods (CPF), Thailand's leading agro-industrial and food conglomerate, who expressed keen interest in investing in the country particularly on feed mill, poultry and piggery operations.

Secretary Alcala immediately tasked DA officials and agencies to assist CPF officials to realise their planned investment.

Last year, total trade between the Philippines and Thailand amounted to US$3.7 billion. The country's top agricultural exports to Thailand include tuna, cigars and cigarettes, and cereal products, while top agricultural imports include Thai rice, corn seeds and cassava starch or tapioca.