Charoen Pokphand Foods (CPF), the SET-listed flagship of food and agribusiness conglomerate CP Group, expects its total revenue to increase by 7-8% to 610-620 billion baht this year, attributed mainly to contributions from its international business, particularly the Philippines, where the firm’s animal feed business is growing.
According to Prasit Boonduangprasert, the company’s chief executive, CPF has been investing in pork, chicken, chicken egg and shrimp businesses in the Philippines for more than 10 years and plans to further increase its investment in the country.
CPF allocates an annual budget of around 20-30 billion…
