Thailand: CPF forecasts higher exports and ready-to-eat sales
Charoen Pokphand Foods (CPF) forecasts its sales growth to increase by about 10% this year and 5-10% over the next five years, says Adirek Sripratak, the company's president and chief executive officer.
Sripratak cited key catalysts as higher exports and growing sales from processed and ready-to-eat food and its aquaculture business that should account for 7% of total sales this year.
“Our strategy to focus more on ready-to-eat food continues to pay off lucratively,” he says, adding that key catalysts have been the favourable domestic meat prices, especially for pigs, while raw materials have been stocked at relatively low prices.
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