Strong baht a double-edged sword to farm sector

15 January 2020
The Nation
Agricultural commodities, processing and products
agricultural economic / farm sector / Strong baht

The strengthening baht is a double-edged sword to the Thai agriculture industry , said Rapibhat Chandarasrivongs, secretary general of the Office of Agricultural Economics (OAE).

In 2019, the Thai currency gained 5 per cent in value against the US dollar, from Bt31.81/dollar in January to Bt30.22 in December.The stronger baht lowered the import prices of chemical fertilisers, herbicides and pesticides last year. It also cut the costs of agricultural produce imported as industrial materials.

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 The Nation Reporter

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Strong baht a double-edged sword to farm sector

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