Softening Chinese yuan no threat to Thai baht The Chinese yuan dropped sharply to its weakest level against the US dollar in more than a decade, raising fears of further dangerous escalation in the US-China trade war. Yesterday, the Chinese yuan dropped below the 7 yuan to the US dollar threshold, marking the first time…
Fruit farmers coping with oversupply and price slumps Thai Government vows to help fruit farmers, following the problem of product oversupply and price slumps, the Ministry of Commerce said. BANGKOK, August 2019 (NNT) – To help fruit farmers, following the problem of product oversupply and price slumps, the Ministry of Commerce has recently used Section…
Thailand’s Drought disaster estimated 10bn baht ($326M) The overall damage is expected to escalate to 37 billion baht should the drought extends to September, as the wet season rice cultivation cycle would be affected; that would lower expected Thai economic growth to 2.9 percent from 3 percent. The University of the Thai Chambers of Commerce…
Exports contracted by -2.1%YOY in June, or -8.7% without Gold With the exception of military arms and weapons reshipment to the USA in February, Thai exports value has shrunk continuously for the past 8 months, and the first half of 2019 showing a decline of -4.4%YOY. The value of Thai exports in June 2019 fell…