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Thai private-sector groups are alarmed by the baht, which has hit a six-year high of around 30-31 per dollar. Thai rice exports fell 26.3% to 5.3 million tonnes in the first eight months, and exporters may miss their 10-million-tonne target.
Falling Thai rice exports reduce supply to world markets and can support Asian rice export prices. The strong baht is a key driver of the export shortfall.
customstoday.mediaOct 21, 2019After 43 past macro events, Rough Rice moved a median +0.5% over 5 sessions (56% higher; middle half -2.0% to +2.3%), and +1.6% over 20.
Not 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.
