Thaifoods expects revenue to grow 10-15% in 2022

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Phet Nantavisai

Thaifoods Group expects its revenue to increase 10-15% this year, backed by higher chicken and pork prices and higher demand. COO Phet Nantavisai said the improving Covid situation in Thailand is pushing up prices. In 2022, Thaifoods plans to invest USD 102 million in its pig business in Thailand and Vietnam and expand its retail outlets, he said. It will also invest USD 30 million in a feedmill with a 50,000 ton monthly capacity in Binh Phuoc, Vietnam which will begin production in Q3 2023.

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.