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The Thai baht rose as much as 0.3% to 30.187 per US dollar, its strongest level since May 2013. The currency is up 7.8% this year, more than any emerging-market peer except Russia's ruble.
A stronger baht makes Thai exports more expensive and can squeeze Thai rice and other farm export competitiveness, which may tighten feed-relevant export supply. The move is mainly a currency story with limited direct effect on feed prices.
bloomberg.comYumi TesoOct 25, 2019Not 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.
