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The Thai baht fell as much as 1.1% to 31.394 per dollar, its steepest drop since May. The move followed a rally the prior week that took the currency to its strongest level since March 2021, partly on higher gold prices.
Traders are wary of possible central bank intervention.
A stronger baht makes Thai exports less competitive and can lower the baht cost of imported feed inputs, so the currency swings matter for Thai rice and other export pricing. The move is a currency story with little direct effect on feed grain supply.
bloomberg.comY-Sing Liau, Masaki KondoDec 29, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
