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Sunday, February 5, 2023

CPF eyes prospects in the Middle East

Mr Prasit, centre, said global food demand is likely to return to normal this year, with CPF’s revenues estimated to grow by 8-10% over 2022.

Charoen Pokphand Foods (CPF), the SET-listed flagship of food and agribusiness conglomerate CP Group, is keen to invest in the Middle East to tap into the sheer size of the region’s population and the people’s high purchasing power.

According to CPF chief executive Prasit Boondoungprasert, the company is studying the feasibility of investing in setting up production facilities for shrimp and chicken in countries in the Middle East. The investment budget is estimated to be around 1 billion baht.

The company has not yet disclosed which countries it plans to invest in.

In March 2022, CPF…

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