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Thai rice exporters urge baht rise curb

Thai rice exporters have recently called on the government to curb the rise of baht to protect export, after the currency hit four-year high in late 2017.
Thai rice exporters urge baht rise curb ảnh 1Illustrative image (Source: nationmultimedia.com)
Bangkok (VNA) – Thai rice exporters haverecently called on the government to curb the rise of baht to protect export,after the currency hit four-year high in late 2017. 

Chairman of the Thai Rice Exporters’ Association CharoenLaothamatas said the stronger baht makes the price of Thai rice unattractivelyhigh compared with the prices of competitors such as Vietnam.

The association also warned that Thailand could lose Africamarket because it bought stockpiled rice in mass from the Thai government, butthe supply has run out while new crops are expensive, making it hard forconsumption here.

Thailand’s baht stood at 31.35 per USD, a record sinceNovember 2013. In January 2018, it rose nearly 4 percent after a 9 percentincrease in 2017.-VNA

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