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The baht fell from 33.713 per dollar on November 4 to 35.09 on November 14, its weakest in three months. The Federation of Thai Industries linked the fall to Thailand's close China ties and the baht's sensitivity to gold prices.
The baht's sharp swings raise import costs for Thai feed and livestock buyers, but the effect on global feed commodity prices is limited. The trend is driven by currency and gold factors rather than supply changes.
nationthailand.comNov 16, 2024Not 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.
