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The baht has become the worst-performing currency in Asia after being the strongest before the pandemic, according to Mizuho Bank and Refinitiv data. Thailand's economy has contracted over the past year, with lack of international arrivals cited as the main drag.
Continued currency weakness raises the dollar cost of imported feed ingredients for Thai producers. The lack of tourism also signals weak domestic demand for meat and feed.
thethaiger.comTanutam ThawanJul 26, 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.
