Thaifoods raises revenue outlook

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Thailand’s Thaifoods Group has raised its revenue forecast for 2022 to a 20-25% rise, up from 15% previously, backed by strong demand and higher chicken and pork prices. COO Phet Nantavisai said the company expects USD 1.11-1.18 billion in revenue this year. Thailand is still facing a pork shortage...

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Joint-Editor, Asian Meat Magazine and Meat Insider, Bangkok, Thailand. Writes on how high inflation and raw material costs challenges in Thailand are not a deterrent for the plant-based protein market in ‘Taste, flavor and nutrition important for plant-based protein’.