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The Thai baht fell to a five-year low against the dollar on May 13, 2022. Beijing's COVID-related curbs on outbound travel weighed on prospects for Thailand's tourism sector, which has not recovered to pre-pandemic visitor levels.
A weaker baht raises the THB cost of dollar-priced imports, including feed ingredients, while weak Chinese tourism demand slows the recovery that supports Thai domestic feed demand.
asia.nikkei.comAKIRA INUJIMA, Nikkei staff writerMay 13, 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.
