Thailand poultry producer Saha Farms Group has mapped out a Bt15 billion (US$489.4 million) plan to expand its production capacity in order to meet higher import demand, according to the company.
The company's export volume rose from 70,000 metric tons in 2009 to 110,000 metric tons in 2010, and is expected to continue its upward trend, said company President and CEO Manoonsri Chotitawan.
Thai frozen chicken exports had been suffering from a five-year ban due to an avian flu outbreak; only processed chicken has been exported during that time. Now, said Chotitawan, Thailand's chicken exports have the opportunity to double in volume, taking back business lost to frozen chicken in Japan.
Overall, Thailand's export growth is expected to increase by 15%, to US$219 billion, in 2011.
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