Thailand’s rice production is expected to return to historical levels in 2017-18, reaching 19.5 million tonnes, according to a report from the U.S. Department of Agriculture’s Foreign Agricultural Service (FAS). That total is 5% higher than production in 2016-17, which was hindered by critically low reservoir levels. Planted acreage is likely to increase 3%, especially […]
Archive | Food & Agriculture
Rice exports face rocky road in 2012
The export outlook for Thai rice next year will depend on the government’s policy for promoting exports and the export performance of india, says the Thai Rice Exporters Association. Korbsook Iamsuri, the association president, said exports to African markets have dropped by as much as 70-80% from the usual 3 million tonnes per year. This […]
Betagro aims for market leadership
Betagro Group has set itself an aggressive goal to become the pork-export leader through its five-year business plan to achieve an integrated breeding cycle including 140,000 great-grandparent pigs (GGP). These high-quality GGP stocks will allow the group to breed high-quality swine through grandparent (GP) and parent stock (PS). Part of the group’s Bt3-billion annual investment […]
Rubber growers to cut supply 25%
Rubber growers in the southern provinces have agreed to reduce supply by at least 25% in an attempt to stabilise prices that have been declining steadily for two months. Under the agreement, planters will reduce tapping to 15 days a month from 20 during the high season, said Wit Pratuckchai, director-general of the Office of […]
Yum spices up its investment menu
Yum Restaurants International (Thailand) Co, the local operator of KFC and Pizza Hut, plans to increase its investment budget by 30% to one billion baht next year to accommodate domestic expansion. Managing director Milind Pant said part of the budget will be used to convert existing stores to the new global design standard that already […]
McDonald’s cooks up plan B
McThai Co, the local operator of McDonald’s fast-food restaurant chain, set a contingency plan to reduce operational risks during the massive floods. CEO Hester Chew said it recently opened its emergency warehouses and distribution centres for frozen and dry goods on Rama II Road (Bangkok), the motorway in Chon Buri and in Chiang Mai to […]
Oishi down but not out after factory takes hit
Oishi Group, the country’s biggest green tea maker, expects to lose 2 billion baht in sales after its factory in the Nava Nakorn Industrial Estate was hit by floods. In the worst case, sales this year would fall 18% short of expectations to 9 billion baht, as two-thirds of the production plant at Nava Nakorn […]
Central to open Yoshinoya
After withdrawing from the Thai market for over a decade, the 112-year-old Japanese rice bowl restaurant Yoshinoya is making a comeback through a partnership with Central Restaurant Group (CRG). Sucheep Tamacheepjaroen, CRG’s senior vice-president for operations, said it received the right from Yoshinoya International Co to run the Yoshinoya chain in Thailand for 10 years. […]
CP reviving supermarkets
After withdrawing from the supermarket business for more than a decade, Charoen Pokphand Group will resume the business with plans to launch CP Food Market in the capital this month. The retail venture will not only draw on the strong market for necessary daily goods, but will also be a distribution channel for the group’s […]
Oishi Group TRIS Rating at A-
TRIS Rating assigns the company rating of Oishi Group PLC (OISHI) at “A-“. The rating reflects the leading position of OISHI in the Thai ready-to-drink (RTD) tea market, a well-recognized brand, and a healthy balance sheet. The rating also takes into consideration the support from OISHI’s parent company, Thai Beverage PLC (ThaiBev), on an extensive […]
