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Thailand\u2019s exports may drop by 7% this year, an improvement on the 8-10% drop projected earlier and helped by a gradual recovery in global demand, but a strong baht remains a concern, the Thai shipping association said on Tuesday.<\/p>\n
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\u201cAfter a positive surprise in September\u2019s shipments, we expect exports to improve further this year,\u201d Ghanyapad Tantipipatpong, chairwoman of the Thai National Shippers\u2019 Council, told a briefing.<\/p>\n
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Exports, a key driver of Thai growth, contracted a less than expected 3.86% in September from a year earlier.<\/p>\n
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The U.S. presidential election and second coronavirus waves globally should not have a big impact on exports in the fourth quarter as orders had been made in advance, she said.<\/p>\n
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However, the current baht level at 31 per U.S. dollar is still far stronger than the 34 baht needed to support exports, the group said.<\/p>\n
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The council will meet with central bank governor, Sethaput Suthiwartnarueput, on Nov. 24 to discuss the baht and the economy, Ghanyapad said.<\/p>\n
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(Reporting by Kitphong Thaichareon; Writing by Satawasin Staporncharnchai; Editing by Ed Davies)<\/em><\/p>\n maritime professional<\/p>\n","protected":false},"excerpt":{"rendered":" Thailand\u2019s exports may drop by 7% this year, an improvement on the 8-10% drop projected earlier and helped by a gradual recovery in global demand, but a strong baht remains a concern, the Thai shipping association said on Tuesday. \u201cAfter a positive surprise in September\u2019s shipments, we expect exports to improve further this year,\u201d Ghanyapad …<\/p>\n","protected":false},"author":1,"featured_media":20662,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[1260,2469,9656,2800],"class_list":["post-20661","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maritime-news","tag-drop","tag-exports","tag-thai","tag-year"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/20661","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=20661"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/20661\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/20662"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=20661"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=20661"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=20661"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}