Falling farm prices, currency hit Thai-Myanmar trade | Bangkok Post: business - News Summed Up

Falling farm prices, currency hit Thai-Myanmar trade | Bangkok Post: business


Thai trade with Myanmar at the border between Mae Sot district in Tak and Myawaddy town was subdued last year. (Photo by Assawin Pinitwong)TAK: Trade value across the border with Myanmar border in Mae Sot district dropped more than 10% last year on falling prices in the agricultural sector and a drop in the value of the kyat. Imports rose 7.4% from 1.088 billion baht to 1.168 billion baht during the same period. Mae Sot customs chief Wallop Wutipanich said Myanmar's weakened purchasing power hit Thai exports. The rate dropped to 241 baht in December 2017, according to currency traders in Mae Sot.


Source: Bangkok Post January 03, 2018 05:03 UTC



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