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The Thai National Shippers' Council said baht strength against the US dollar and British pound is eroding exporter competitiveness, though export growth in the first five months of 2017 was positive. The council projected 2017 exports to grow 3.2-3.5 percent and the baht has risen 5.4 percent against the dollar.
Stronger baht pressures Thai export volumes and rubber and rice pricing in dollar terms, which can marginally weigh on Asian agricultural trade flows; the effect on feed markets is limited.
nationthailand.comJun 27, 2017Not enough comparable past events yet for a historical read.
After 70 past neutral trade events, RICE moved a median +0.2% over 5 sessions (51% higher; middle half -1.3% to +1.9%), and +1.3% over 20.
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.
