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The Bangkok Post reports that Asia Plus Securities estimates the baht's 6% year-to-date appreciation hurt agriculture, electronics, and food and drink exporters most. Exporters earning dollars with baht costs, such as Sri Trang Agro, lose about 5% of profit for each additional baht drop against the dollar.
Stronger baht cuts margins for Thai agricultural exporters and may slow dollar-priced agricultural shipments, a small bearish factor for regional farm commodity trade flows.
opendevelopmentmekong.netVuthaJun 8, 2017Not 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.
