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The Finance Ministry is pressing the Bank of Thailand to cut its benchmark rate from 1.5 percent to support growth, citing baht strength and low inflation. The central bank has resisted, intervening in the currency market and curbing short-term bond supply to limit the baht's gains.
The baht is up more than 8 percent against the dollar this year.
A stronger baht erodes the competitiveness of Thai exports and the policy dispute raises uncertainty over the currency path. For feed buyers, a firmer baht marginally lowers the local-currency cost of imported feed ingredients.
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.
