webfact Posted February 18, 2021 Share Posted February 18, 2021 Thai food exports seen up 7% this year - business group REUTERS FILE PHOTO for reference only BANGKOK (Reuters) - Thailand's food exports are expected to rise 7.1% this year, after dropping 4% in 2020, on higher global demand as the coronavirus pandemic eases, a business group said on Thursday, noting a strong baht remained a risk to the outlook. Food exports are forecast at 1.05 trillion baht ($35 billion) this year on an assumption that the baht would be at of level of around 30 per U.S. dollar, Anong Paijitprapapon, president of the National Food Institute, told a briefing. Last year, Thailand exported $31.3 billion of food products, accounting for 13.5% of total shipments, a key driver of Thai growth. The food industry employs about a million workers. The group is urging the government to quickly tackle the strength of the baht, which traded at 30.01 against the dollar on Thursday, having gained 10.5% since last April. "Comparing with the currencies of our trade competitors, ours is very strong and could rise further. It's a major obstacle," said Poj Aramwattananont, vice chairman of the Board of Trade of Thailand. "Today we must try to keep the baht at 32 or 31.5 per dollar in order to compete with others," he added. The central bank has repeatedly expressed concern about the baht strength which could impact the country's fragile recovery. (Reporting by Satawasin Staporncharnchai; Writing by Orathai Sriring; Editing by Ed Davies) -- © Copyright Reuters 2021-02-19 - Whatever you're going through, the Samaritans are here for you - Follow Thaivisa on LINE for breaking COVID-19 updates Link to comment Share on other sites More sharing options...
RichardColeman Posted February 18, 2021 Share Posted February 18, 2021 Food exports up whilst the population is starving ? Says a lot 1 Link to comment Share on other sites More sharing options...
tonray Posted February 19, 2021 Share Posted February 19, 2021 3 hours ago, webfact said: The group is urging the government to quickly tackle the strength of the baht, which traded at 30.01 against the dollar on Thursday, having gained 10.5% since last April. "Comparing with the currencies of our trade competitors, ours is very strong and could rise further. It's a major obstacle," said Poj Aramwattananont, vice chairman of the Board of Trade of Thailand. "Today we must try to keep the baht at 32 or 31.5 per dollar in order to compete with others," he added. The central bank has repeatedly expressed concern about the baht strength which could impact the country's fragile recovery. Yeah...that'll do it ! Let's talk it down ! It's so sad it's almost funny. Link to comment Share on other sites More sharing options...
Jimbo2014 Posted February 19, 2021 Share Posted February 19, 2021 Yup - the burning seems to indicate its about 7% up from last year. Good for the big corps - unfortunate for our lungs. ???? Link to comment Share on other sites More sharing options...
bangon04 Posted February 19, 2021 Share Posted February 19, 2021 18 hours ago, RichardColeman said: Food exports up whilst the population is starving ? Says a lot a lot of rich hungry consumers in China...... Link to comment Share on other sites More sharing options...
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