Foreign businesses have agreed to purchase nearly 1.5 million tonnes of Thai tapioca products at the World Tapioca Conference 2018 recently organised in Bangkok.
Foreign businesses have agreed to purchase nearly 1.5 million tonnes of Thai tapioca products at the World Tapioca Conference 2018. (Photo: bangkokpost.com)
Bangkok (VNA) – Foreign businesses have agreed to purchase nearly 1.5million tonnes of Thai tapioca products at the World Tapioca Conference 2018recently organised in Bangkok.
The business matching event between Thai traders and importers from China,Turkey, Japan, India and Indonesia resulted in the signing of Memorandum ofUnderstanding to acquire Thai cassava at a value of 14 billion THB (422.66million USD).
Thailand produces 20-30 million tonnes of fresh cassava worth 100 billion THBeach year, generating incomes for more than 500,000 families nationwide.
The country is currently the world’s largest exporters of tapioca products, makingup over 50 percent of the global market share.
Combined with Cambodia, Laos and Vietnam, their total share of the globalmarket is 80 percent.
Last year, Thailand exported 11 million tonnes of tapioca products. In thefirst four months of this year, it shipped 3.6 million tonnes abroad, a year-on-yeardecrease of 8 percent. However, the total value surged 26 percent to 1.17billion THB (51.32 million USD).
In 2018, Thailand set a target of exporting 10.6 million tonnes of cassavaproducts.-VNA
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Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
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Foreign businesses have agreed to purchase nearly 1.5 million tonnes of Thai tapioca products at the World Tapioca Conference 2018. (Photo: bangkokpost.com) 
