Rice prices in Thailand, the world’s biggest exporter, may extend gains as supplies tighten at the end of the harvest season and millers hoard the grain on expectations of an increase in government’s purchase price.
Thailand’s exports rose the most in more than 18 years to surpass the record value set before the global financial crisis, adding to evidence of the economy’s resilience to Europe’s debt woes and domestic political unrest.
Thailand’s exports rose for the sixth consecutive month in April on overseas demand for electronics and automobiles, helping to sustain an economy hurt by the nation’s worst political violence in 18 years.
Thailand’s stock market , the best performer among Asia’s 10 biggest markets this quarter, may slump in 2011 as a global slowdown and stronger baht restricts exports, according to Kim Eng Securities (Thailand) Pcl .
Thailand’s stock market rally, the biggest among Asia’s top 15 markets this quarter, is set to stall amid concern that a stronger currency will hurt exports and economic growth, according to SCB Securities Co.