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The Thai baht strengthened sharply this week, reaching 32.70 per US dollar, driven by gold price gains and a weaker US dollar. Kasikorn Research flagged that the appreciation does not reflect domestic recovery and could strain exporters.
A strong baht is a currency story for Thailand's economy, with little direct effect on feed grain or oilseed supply and demand. Its only link to feed markets is the cost of Thai imports and exports, so the price effect is minimal.
nationthailand.comMay 22, 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.
