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The Bank of Thailand said Thailand faces rising inflation risk from its 14-year-high inflation if the baht keeps weakening. About 75% of Thai imports are priced in dollars, so currency declines pass through quickly to costs.
The central bank says it is closely monitoring the exchange rate.
A weaker baht raises the baht cost of dollar-priced feed ingredients and imports for Thai buyers, which pushes up local feed costs.
bloomberg.comAnuchit NguyenOct 17, 2022Not 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.
