Thai farm prices predicted to rise 6% following Increased exports
Encouraging economic data showed exports climbing 10.5% to US$18.9 billion, shrugging off the strengthening local currency as demand for Thai goods rose in line with the recovering global economy.
Consequently, Ms Pimchanok said Thailand would not only enjoy rising exports but would see the export value of farm products grow, as the IMF forecast that global farm prices would rise by an average of 5-6% from 2016. It previously forecast growth of 2-3%. In July, exports of agro-industrial products were the big winner after they edged up 29.5%, particularly rice, fruits and vegetables among others.
Pimchanok Vonkorpon, director-general of the Commerce Ministry's Trade Policy and Strategy Office (TPSO), said the recovering global economy helped improve purchasing power for major Thai trade partners, leading to more orders even though the prices of Thai goods are rising.
Read more at bangkokpost.com
