Thai giant wins from food safety scare

Thai company CP Foods is now been appointed meat supplier to fast food chain McDonald’s in Japan.

The recent food scandal at Husi Food in Shanghai, the previous meat supplier to McDonald’s and Yum! Brands, has increased consumers’ food safety fears in China. To win back customers’ trust Yum! and McDonald’s cut ties with the supplier.

So McDonald’s Japan turned to the giant CP Foods operation owned by billionaire Dhanin Chearvanond’s Charoen Pokphand Group.

“We have received orders from McDonald’s. Strong demand for exports helped push up chicken prices and the company will move orders from the domestic spot market to export to customers,” president and CEO Adirek Sripratak told Reuters.

“The industry is short of supply and we’ve got a full order book now as people are asking us to accelerate our shipping after the China food scare,” Adirek said.

CP Foods is also the supplier to KFC Thailand.

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