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The Thai baht opened at 35.13 per US dollar on June 26, its sharpest weakening in over three months. The move was attributed to a stronger dollar, lower gold prices and foreign selling of Thai assets.
A weaker baht raises the local cost of dollar-priced feed ingredients for Thai buyers. The move is a currency-driven story with little direct effect on feed commodity supply.
nationthailand.comJun 26, 2023Not 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.
