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Minutes of the Bank of Thailand's December policy meeting warned that a surge in Covid-19 cases could substantially hurt the economic outlook. The central bank kept its rate at a record low of 0.50% and cut its 2021 GDP growth forecast to 3.2%.
Weaker Thai growth implies softer domestic demand for feed and meat, a modest bearish signal for regional feed demand.
bangkokpost.comReutersJan 6, 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.
