Latest news with #DFT
Bangkok Post
4 days ago
- Business
- Bangkok Post
Exclusive Interview: 'Arada' Aims to Retain Thailand's Position as World's Top Tapioca Exporter
The Department of Foreign Trade (DFT) under the supervision of the Ministry of Commerce is gearing up to host the World Tapioca Conference 2025 (WTC 2025) in Bangkok, positioning Thailand firmly on the global stage as the world's leading tapioca producer and exporter. Mrs Arada Fuangtong, director-general of the DFT, explained that 'The Ministry of Commerce, led by Mr Jatuporn Buruspat, Commerce Minister, has placed great emphasis on the importance of tapioca as an economic crop that generates income for more than 740,000 Thai farming households, with annual earnings exceeding 100 billion baht.' 'Under the government's policy of we are driving the industry to focus on market-oriented production, enhance quality and standards, and adopt sustainable processes with added value from innovation,' she said. 'The DFT remains committed to the Ministry of Commerce's approach, ensuring integrated collaboration across the supply chain – from farmers to exporters,' Mrs Arada added. Key goals include strengthening domestic stability, expanding trade opportunities, and elevating Thai tapioca's global image to secure farmers' income and improve their quality of life. According to the DFT, Thailand exported 6.47 million tonnes of tapioca in 2024, generating revenue of 110.26 billion baht. For the first months of 2025, exports reached million tonnes, a increase from the same period last year, although declining global prices caused export value to fall by to billion baht. 'The department remains confident in achieving the 2025 export target of 7.5 million tonnes by penetrating high-potential markets and industries,' Mrs Arada added. Set under the theme 'Thailand Tapioca Next: GO Global Go Together,' the upcoming WTC 2025 aims to transform the industry through innovation, sustainability, and stronger international partnerships. The event expects over 1,000 participants worldwide, including importers from China, Japan, South Korea, Australia, Saudi Arabia, and other key markets, alongside Thai exporters, farmers, researchers, and government agencies. Mrs Arada explained that 'The conference will shift Thailand's tapioca industry from raw material exports to value creation, reinforcing the country's position as a global hub for tapioca production, processing, trade, and technology. It also seeks to strengthen trade relations with key partners while supporting farmers and producers to adapt to emerging market demands and technological trends.' Highlights of WTC 2025, seventh edition of the conference, include: July 29, 2025 at Millennium Hilton Bangkok will feature TED Talk–style panel discussions on Esteemed speakers from both domestic and international sectors will share insights with Thai operators, traders, and government representatives. July 30, 2025 at True Icon Hall, ICONSIAM will include: Keynote speeches on global trade trends and strategies to maintain competitiveness. Signing ceremonies for between Thai exporters and international importers to generate forward revenue. Business matching sessions targeting future trade deals. across three focus areas: tapioca chips/pellets, tapioca starch, and innovative tapioca products. Exhibitions showcasing Thailand's holistic tapioca industry, covering upstream cultivation, midstream processed products, and downstream research-based innovations with commercial potential. Notably, the conference will unveil 11 highlighted research projects that demonstrate tapioca's potential in sectors such as food, sweeteners, adhesives, paper, and chemicals, underlining the event's focus on creating sustainable, value-added products. 'WTC 2025 is not merely a conference but a demonstration of Thailand's readiness to lead the global tapioca industry into the future. It aligns with the principle of 'Leave No One Behind,' fostering inclusive development by involving farmers, producers, exporters, researchers, and policymakers,' Mrs Arada stated. 'This event will significantly benefit Thailand's tapioca trade by strengthening relationships with global stakeholders, expanding market opportunities, and ensuring the sustainable development of the industry,' she noted. The World Tapioca Conference 2025 will take place on July 29–30 in Bangkok. All sectors are invited to join this milestone event to reaffirm Thailand's leadership in tapioca production, processing, trade, and technology.
Bangkok Post
6 days ago
- Business
- Bangkok Post
DFT Showcases Thai Agri-Innovation at King Power Rangnam
Get ready to explore where Thai tradition meets bold, future-forward innovation. From 8 August to 21 September 2025, the Department of Foreign Trade (DFT), Ministry of Commerce, in collaboration with King Power, invites travellers and visitors to discover the Agri Plus Pop-Up Counter at King Power Duty Free Rangnam, Bangkok — an exclusive showcase featuring over 60 innovative Thai agricultural products. Designed especially for international travellers, this special pop-up counter is a gateway to unique, design-forward souvenirs that celebrate Thai creativity, sustainability, and innovation through agriculture. The official launch on 8 August will be graced by Anntonia Porsild, Miss Universe 2023 First Runner-up and Miss Universe Thailand 2023, the face of the campaign. Under the theme 'Nature for Future: Agriculture+Innovation' the collection presents a wide range of lifestyle merchandise, food, and drinks made from agricultural produce using cutting-edge innovations. Highlights include eco-chic bags, shoes, and accessories crafted from pineapple fibre and rubber-derived leather; cosmetics made from rice; natural perfumes from Thai flowers; seaweed Botox serum; and the world's first chilli coffee. Food lovers can also enjoy new forms of favourite Thai flavours such as Tom Yum cereals, instant boat noodles, pressed mango sticky rice candy, and gluten-free rice snacks. Whether it's coconut drip coffee, roasted cashews prepared in ancient Thai style, or mini rice crackers for kids, each item fuses local flavour with modern ingenuity — perfect for gifting, tasting, or taking home as a healthy treat. Visitors are encouraged to snap a photo at the vibrant playground-themed booth, share it on social media, and win exclusive discount coupons. This campaign is part of DFT's mission to champion Thai agri-innovation and empower local entrepreneurs to access global markets through creativity and sustainable development. Come discover. Come taste. Come shop. Only at King Power Rangnam — where the future of Thai agriculture meets your lifestyle. For more information, please contact +66 2547 4744
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Business Standard
18-07-2025
- Business
- Business Standard
JTL Industries share extends losses, drops 11% in three days; here's why
JTL Industries share price today: Shares of steel pipes manufacturer JTL Industries fell over 4 per cent to hit an intraday low of ₹73.65 on the NSE after it reported a weak set of numbers for the quarter ended June 2025 (Q1FY26) on Wednesday. The stock has tanked over 10 per cent in the last two sessions from Wednesday's closing price of ₹81.16. At 1:40 PM, the stock was trading 4 per cent lower at ₹73.82 compared to the previous day's close of ₹76.9 on the NSE. In comparison, the benchmark NSE Nifty 50 index was trading at 24,954.95 levels, down by 156.5 points or 0.62 per cent. The company's total market capitalisation stood at ₹2,901.73 crore. The stock has plunged over 40 per cent from its 52-week high of ₹123.75 touched on October 3, 2024. JTL Industries Q1FY26 result update JTL Industries' consolidated total for the June 2025 quarter came in at ₹549.6 crore, up 5.4 per cent year-on-year (Y-o-Y) from ₹515.6 crore in the year-ago period. The company reported a 46.2 per cent Y-o-Y decline in profit after tax (PAT) to ₹16.5 crore against ₹30.7 crore in the June 2024 quarter. Its earnings before interest, tax, depreciation and amortisation (Ebitda) stood at ₹23.4 crore, down 41.5 per cent Y-o-Y from ₹400 crore in the year-ago period. Ebitda margin slipped to 4.3 per cent from 7.8 per cent. Brokerage views on JTL Industries: Nuvama Institutional Equities According to analysts at Nuvama, JTL Industries posted weak Q1FY26 results due to inventory losses of ₹1,000 per ton, higher discounting for DFT pipes, and a change in product mix. "While JTL may miss H1FY26 guidance of 250,000 tons, it is eyeing 500,000 tons for FY26. Moreover, Ebitda per ton guidance is now down to ₹4,000 from ₹4,200–4,400 earlier. Given a subdued showing and weak commentary, we are cutting FY26E/27E/28E EPS by 14 per cent each. Considering the constant underperformance, we are cutting the target multiple from 22x to 18x," the brokerage said. Nuvama has maintained a 'Buy' rating with a target price of ₹110. Axis Securities "With the phase-wise volume expansion in progress, we model Revenue/Ebitda/PAT CAGR of 25/36/26 per cent over FY25-28E. After the weak Q1FY26 results, we cut our FY26/27 Ebitda estimates as we factor in lower sales price realisation," Axis Securities said in a note. According to the brokerage, execution of the growth projects and market acceptance of the key DFT, colour-coated, GI Coil, and ARW pipes, which the company will introduce over the upcoming quarters, will be the key monitorables. Axis Securities has maintained a 'Hold' rating on the stock with a target price of ₹78 About JTL Industries JTL Industries, formerly JTL Infra, was incorporated in July 1991. The company is primarily engaged in the manufacturing and selling of Iron and Steel products. The Company is an integrated manufacturer and supplier of steel tubes, pipes and allied products. It also manufactures steel tubes for belt conveyor idlers, water wells, and lancing pipes, serving both automotive and industrial sectors with precision and excellence. The company operates manufacturing facilities in Mangaon (Maharashtra) and Mandi Gobindgarh (Punjab).
Bangkok Post
01-07-2025
- Business
- Bangkok Post
Foreign trade dept to add items to watch list
The Department of Foreign Trade (DFT) is considering increasing the number of items on the watch list of exported products to the US to 65 items from 49 at present. Arada Fuangtong, director-general of the DFT, said to prevent circumvention in relation to products exported to the US, the department is the sole authority able to issue certificates of origin (Form C/O) for goods on the watch list, currently covering 49 items and set to increase to 65. The updated list will be enforced once finalised. Moreover, the DFT is working with the Department of Industrial Works, along with provincial commercial offices to strictly inspect factories, focusing on high-risk items. Collaboration with the Customs Department is aimed at preventing and mitigating risks related to false declarations of Thai origin. Furthermore, the department is working with industry groups to educate exporters on the new procedures for issuing Form C/O. Regarding trade remedies for the second half of this year, the DFT is reviewing the renewal of implementation of anti-dumping (AD) measures concerning four products: citric acid from China; cold-rolled steel sheet from China, Taiwan and Vietnam; steel pipes from Vietnam; and high-carbon wire rods from China. The DFT has initiated an investigation into the potential implementation of new AD measures for three products: aluminium frames from China, cold-rolled stainless steel from Vietnam and H-beam structural steel from China. It is also considering using anti-circumvention (AC) measures on two products, namely steel pipes and cold-rolled steel sheet from China. Mrs Arada said the US's reciprocal tariffs and increased import duties pose export challenges for many countries and some may reroute exports via third countries. To mitigate the impact of surges in imports due to trade diversions, Thailand may apply safeguard (SG) measures by imposing additional import duties on all imports, she said. The department is also working with the Trade Policy and Strategy Office and private associations to monitor high-risk products that may flood the Thai market. If necessary, SG measures would be implemented, with investigation timelines shortened from the legally mandated 270 days to ensure prompt action. Currently, Thailand enforces AD measures on 22 products from 22 countries, primarily in the steel sector, while Thailand faces AD measures from 18 countries covering 73 cases, including steel, chemicals and rubber. Thailand does not currently use countervailing duties or SG measures but faces such measures from multiple countries concerning copper wire, plywood and sugar.
Bangkok Post
01-07-2025
- Business
- Bangkok Post
DFT to add items to watch list
The Department of Foreign Trade (DFT) is considering increasing the number of items on the watch list of exported products to the US to 65 items from 49 at present. Arada Fuangtong, director-general of the DFT, said to prevent circumvention in relation to products exported to the US, the department is the sole authority able to issue certificates of origin (Form C/O) for goods on the watch list, currently covering 49 items and set to increase to 65. The updated list will be enforced once finalised. Moreover, the DFT is working with the Department of Industrial Works, along with provincial commercial offices to strictly inspect factories, focusing on high-risk items. Collaboration with the Customs Department is aimed at preventing and mitigating risks related to false declarations of Thai origin. Furthermore, the department is working with industry groups to educate exporters on the new procedures for issuing Form C/O. Regarding trade remedies for the second half of this year, the DFT is reviewing the renewal of implementation of anti-dumping (AD) measures concerning four products: citric acid from China; cold-rolled steel sheet from China, Taiwan and Vietnam; steel pipes from Vietnam; and high-carbon wire rods from China. The DFT has initiated an investigation into the potential implementation of new AD measures for three products: aluminium frames from China, cold-rolled stainless steel from Vietnam and H-beam structural steel from China. It is also considering using anti-circumvention (AC) measures on two products, namely steel pipes and cold-rolled steel sheet from China. Mrs Arada said the US's reciprocal tariffs and increased import duties pose export challenges for many countries and some may reroute exports via third countries. To mitigate the impact of surges in imports due to trade diversions, Thailand may apply safeguard (SG) measures by imposing additional import duties on all imports, she said. The department is also working with the Trade Policy and Strategy Office and private associations to monitor high-risk products that may flood the Thai market. If necessary, SG measures would be implemented, with investigation timelines shortened from the legally mandated 270 days to ensure prompt action. Currently, Thailand enforces AD measures on 22 products from 22 countries, primarily in the steel sector, while Thailand faces AD measures from 18 countries covering 73 cases, including steel, chemicals and rubber. Thailand does not currently use countervailing duties or SG measures but faces such measures from multiple countries concerning copper wire, plywood and sugar.
