TESCO Lotus signs deal with Thai Ministry of Commerce to buy more local produce

Planet Retail 31 Mar 2009

Tesco Lotus has signed a deal with Thailand's Ministry of Commerce to purchase 180,000 tonnes of Thai fruit and vegetables valued at THB2.5 billion (USD70.4 million) in 2009. According to company Chairman, Sunthorn Arunanondchai, the purchase represents a 30% increase in volume compared to last year. Under the agreement, Tesco Lotus will also promote sales of Thai branded goods in and outside the country. The move follows a pledge by Sir Terry Leahy, Tesco Chief Executive to the Thai Prime Minister Abhisit Vejjajiva during his visit to London this month.

Copyright www.planetretail.net