CPF’s revenue up 16% in Q1 2022

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Thailand’s CP Foods (CPF) reported sales of USD 4 billion in Q1 2022, up 16% year-on-year (yoy). CPF’s revenue in Thailand rose 13%, while overseas businesses increased 18%. However, the company’s net profit decreased 59% yoy to USD 81.8 million, hurt by lower pork prices in Vietnam and China and h...

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Joint-Editor, Asian Meat Magazine and Meat Insider, Bangkok, Thailand. The African swine fever hitting the pig industry in Thailand as kept Payungsak busy, writing, ‘Support required for small-scale pig farms affected by ASF’ for the Pig Health Monitor.