The Thailand Board of Investment is touting Cargill’s interest as an example of why Thailand is a leading producer and exporter of foods, including poultry. “Thailand has been the largest processed foods exporter in Asia for many years," said Atchaka Sibunruang, secretary general of the board. “The country’s emphasis on research and technology is driving the investment we're seeing today.”
Thai food exports are expected to surpass $33 billion in value within the next two years as a result of continued high global demand. Sales in 2011 are predicted to hit $30 billion, representing over 28% of the country's total gross domestic product.