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The Thai baht weakened to 31.70 per US dollar on Monday morning, extending losses amid concerns about coronavirus spreading outside China. It had hit an eight-and-a-half-month low of 31.69 the prior Friday, after trading at 31.16 on February 14.
A weaker baht makes Thai exports more competitive but raises the cost of dollar-priced feed imports such as soymeal and corn from Thailand's suppliers. Currency moves of this size have a modest effect on feed ingredient prices.
nationthailand.comFeb 24, 2020Not 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.
