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March 6, 2014

Thailand

CP Foods See A Good Year Ahead

 

Charoen Pokphand Foods (CPF), an international food company, which owns the largest shrimp farming venture in Thailand, is expecting a substantial rise in net profit in 2014.

 

Adirek Sripratak, CPF’s president and chief executive officer, said total sales were projected to grow by at least ten percent to more than $1.2 billion in 2014.

 

The serious spread of early mortality syndrome (EMS) had a big impact on CPF’s shrimp production in 2013.  Mr. Adirek said performance would be boosted this year by a drop in raw-material costs, rising prices of meat products—and an easing of the EMS problem!

 

CPF has not seen any impact on its balance sheet as a result of the current political turmoil in Thailand.

 

Source: The FishSite.  Charoen Pokphand Foods Confident About 2014 Business Prospects.  March 5, 2014.

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