MARKET ANALYSIS

CP FOODS AND THAI UNIV PARTNER TO DEVELOP INSECT PROTEINS

The agreement aims to commercialize insect-based protein as a sustainable alternative food source for both animals and humans. Under this MoU, CP Foods will fund the project and jointly develop the first black soldier fly smart farm in Thailand. This pilot farm will also be a learning centre for students, farmers and the community. “Chiang Mai University and CP Foods have the same goal, which is to explore the new products for driving the Thai agriculture sector towards sustainable growth, using a BCG economy model as an outline. This research will not only benefit both organizations, but also farmers across the country, who can generate extra income from this new economic insect,” said Dr Yuthana Phimolsiripol, director of Food Innovation and Packaging Center at Chiang Mai University