Loading…
The Bank of Thailand held its policy rate at a record-low 0.5% by a 4-2 vote, with two members calling for a cut. It lowered its 2021 GDP growth forecast to 0.7% from 1.8%, citing the COVID outbreak.
Quasi-lockdown measures now cover about 40% of the population.
A weak growth outlook and an extended lockdown reduce Thai demand for feed and meat, which weighs on local feed ingredient demand. The rate decision itself has no direct grain price effect.
bangkokpost.comBloomberg NewsAug 4, 2021Not 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.
