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Thai rice exporters say a strengthening baht is eroding their competitiveness and may keep 2018 shipments below the earlier forecast of 9.5 million tonnes. Exporters have asked the government to help offset the currency impact.
A stronger baht makes Thai rice dearer in dollar terms, which can reduce export demand and weigh on Asian rice prices.
bangkokpost.comPhusadee ArunmasJan 31, 2018After 16 past bearish macro events, RICE moved a median +0.2% over 5 sessions (50% higher; middle half -5.1% to +1.7%), and +4.1% 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.
