Thailand’s CP Foods eyes $30m foray into Mideast

BANGKOK — Thai agribusiness giant Charoen Pokphand Foods seeks new inroads into the Middle East after restarting chicken exports to Saudi Arabia as the Ukraine war raises the region’s awareness of food uncertainty.

CP Foods recently said it is studying the feasibility of farming shrimp and chicken in the region, without mentioning specific countries. It estimates investments for these projects totaling about 1 billion baht ($30 million).