FTI mulls lowering food export outlookThe Federation of Thai Industries (FTI) aims to downgrade its 2020 export projection for food products after witnessing a huge impact from the coronavirus outbreak, largely affecting overseas shipments to China. "Food products cannot be delivered to stores and customers as planned," he said. "The FTI and the Thai Food Processors' Association are considering cutting the export projection for the food sector." Food shipments to China last year totalled 151 billion baht, or 14.7% of total food export value. Other destinations included Japan (135 billion baht), Southeast Asia ex CLMV (122 billion baht), the US (106 billion baht), Europe (83.1 billion baht) and Middle East/North Africa/Afghanistan (42 billion baht).

Source: Bangkok Post February 23, 2020 23:48 UTC